Overdraft facility
The possibility of making prompt payments via your account in case of insufficient balance and without unnecessary formalities.
Your benefits
- Use of credit funds for any purpose on a 24/7/365 basis
- Establishing unsecured overdraft limit. The possibility of increasing thereof subject to growing influx of funds in your PrivatBank account
- Maximum simplification of the application and prolongation procedure.
- Payment for the service comprises only the interest for actual use of credit funds – no extra fees implied.
Overdraft terms
- Term of the agreement – 1 year with the possibility of prolongation subject to agreement between the parties.
- Continuous use of funds during 30 days after negative balance was detected in your account as per the end of the day.
- The debt is repaid automatically by means of funds credited to your account.
- accepting trade receipts in bank branches and terminals
- In case of using credit funds and repaying the debt till the end of the same day no interest is accrued.