Overdrafts

If you need to quickly increase the amount of funds available in your account, you can use overdrafts — this is the most convenient solution for receiving financing before receiving and incoming payment to your account.

We can offer you:

  • Unsecured overdraft;
  • Overdraft line;
  • Short-term loan secured by incoming transfer.

Overdrafts and overdraft lines are secured by your deposit or savings accounts balance, or funds available in your current account in another currency. Overdraft can also be granted to a customer in case another customer acts as a guarantor, pledging his/her/its funds held with the bank as overdraft collateral.

If your cooperation with us is long and successful, we can offer you an unsecured overdraft for the term of up to 1 month, so that you can make planned payments.

If you need extra funds for a longer term, you can use an overdraft line, which can be secured by customer’s current or savings accounts balance, or a term deposit.

When a company needs to increase its current assets for a short term, we can offer an unsecured overdraft line. This being the case, extra funds will be made available in the customer’s account following an evaluation of the account transactions. The amount of borrowed funds is expressed as a percentage of the customer’s average monthly account turnover.

When you expect to receive an incoming payment and already have a document confirming funds debiting from the payer’s account, you can apply for a short-term loan secured by incoming payment, so that your planned transactions are performed in a due time.

If you are engaged in international trade, we offer you exploring the advantages of settlement performed using documentary operations and trade finance.

  • Bonus overdraft at the right time

    At the end of the working day, around 7 p. m., the Client Line received a call from our client – the company engaged in logistics. Its employee found himself in a difficult situation: being on a gas station in Poland, he did not have enough money on his card account to pay for fuel.
    • In this company there work a lot of drivers, and each of them has a payment card for settlements during their trips. One employee of the company is responsible for monitoring the balance on drivers’ card accounts. Unfortunately, in the described situation the driver’s card account hadn’t been replenished on time, although there was enough money on the company’s account. The banking day has closed and the private bankers serving this company's account left.

    • Fortunately, their colleague stayed in the office, and the head of the department, inputting transactions into the banking system, was still at work as well. All parties involved quickly coordinated their actions, as a result, in less than a half an hour, the driver was granted a bonus overdraft on his card account. The driver paid for the fuel and was able to continue his way without disrupting the schedule.

    Vladislavs Serdjuks

    Head of Private Banking Department North

  • Overdraft instead of conversion

    Our commercial client pays to his suppliers in euros and sells goods for U.S. dollars.
    • Once, when it was time to pay to the supplier and our client had dollars on his account, he saw that the dollar against the euro was growing, so he decided that it was not profitable to buy euros at the moment, and it would be better to do it later.

      The client called us for advice. His private banker offered him to take an overdraft in euro secured by dollars the client had on his current account.

    • Thus the client would be able to pay in euro for the delivery immediately, and to convert later when paying off the overdraft.

      The client was correct in his forecast of currency rate change, and ultimately the cost of the overdraft was significantly lower than the rates difference that provided the client with an extra profit from the transaction.

    Sergei Deinekin

    Head of Private Banking Department West