Setting a Limit For Overdraft

Credit limit of the authorized overdraft

The holder of the corporate card may be granted with the credit to the card account allowing to pay for the purchases (services) and to get cash within the established credit limit.

 Conditions: 

• Credit limit amount depends on the collateral (pledge) provided by the customer;
• The bank may also provide the credit without collateral either under the guarantee having calculated its amount on the basis of the documents proving the financial state of the customer;
• Maximal term of the overdraft constitutes up to 12 months with quarterly review of the overdraft limit;
• Monthly debt nullification is obligatory