Overdraw
Overdraft Facility – Banka Ekonomike
For unexpected expenses and times when your business needs additional funds, the right solution is to apply for the overdraft product.
The overdraft is a flexible short-term credit product that allows the client to create a negative balance in their account up to a defined limit. It is linked to the current or potential turnover through the client’s current account. As a result, the client pays interest only on the utilized negative balance.
Accessing the overdraft product is very simple, as it is directly connected to the current account and can also be used via online e-banking.
In addition to easy access to additional funds, an important benefit is that you only pay for the amount and the period of time the overdraft is used.
- Minimum overdraft amount: €1,000
- Repayment term: Up to 12 months
