Overdraft is a type of revolving limit, which allows the Borrower to have a negative balance on the current account in the respective currency granted with fixed term (the limit is generally granted for up to 3 years) subject to annual reviews. Overdraft is intended for meeting the short-term cash requirements of the Customer by providing the companies with flexible, short-term financing solution. Overdraft enables the Customer to cover the temporary cash shortages arising in the course of the day-to-day operations of the business and contributes to the better management of the cash flows of the companies, especially for businesses with expressed seasonality features.
Minimise the risk of unplanned overdrafts. Improve your cash flow management by having the option to easily access funds.