print
print
Overdrafts
An overdraft is in effect a line of credit on a current account, allowing account-holders to withdraw more than they have in their accounts. Overdraft facilities therefore provide an excellent means of overcoming short-term liquidity problems.
Clients receiving regular monthly salaries are eligible to apply for an overdraft. The standard overdraft limit is one month's salary. Your account can remain permanently overdrawn as long as the overdraft stays within the authorised limit. Promissory notes and promissory statements are taken as collateral.
Interest on an overdraft accrues daily (i.e. interest is due for each of the days on which the account is overdrawn), and is debited from the account at monthly intervals. This is ProCredit Bank's most flexible credit facility, because customers don't have to use the funds for a specific purpose or keep to a fixed repayment plan.
Clients receiving foreign pensions via ProCredit Bank may apply for an overdraft equivalent to one month's pension. You can apply as soon as you have received your first pension instalment. You will be asked to submit your pension documents as proof of entitlement. Promissory notes and promissory statements are accepted as collateral.
Overdrafts for non-residents are available in EUR, USD and CHF.
Clients receiving regular monthly salaries are eligible to apply for an overdraft. The standard overdraft limit is one month's salary. Your account can remain permanently overdrawn as long as the overdraft stays within the authorised limit. Promissory notes and promissory statements are taken as collateral.
Interest on an overdraft accrues daily (i.e. interest is due for each of the days on which the account is overdrawn), and is debited from the account at monthly intervals. This is ProCredit Bank's most flexible credit facility, because customers don't have to use the funds for a specific purpose or keep to a fixed repayment plan.
Clients receiving foreign pensions via ProCredit Bank may apply for an overdraft equivalent to one month's pension. You can apply as soon as you have received your first pension instalment. You will be asked to submit your pension documents as proof of entitlement. Promissory notes and promissory statements are accepted as collateral.
Overdrafts for non-residents are available in EUR, USD and CHF.
112.8731
93.9357