Overdraft is a separate type of short-term loan that is provided to the owner of a bank card. At the time of the transaction (payment for the purchase, withdrawal of funds, etc.), the bank provides you with credit funds if the available amount on the card is not enough. Overdraft has a limit, and it is different for each client.
Instructions
Step 1
The amount of the overdraft is calculated based on the client's solvency, according to the scheme typical for other types of consumer lending. Therefore, when ordering a card with an overdraft at the bank, you will need to provide a copy of the work book and a certificate in the form of 2-NDFL or another document confirming the level of your income. This requirement does not apply to those whose salaries are transferred to the card of the selected bank. One of the main advantages of an overdraft facility is that once you apply for a loan, you can use it many times. But as with any loan, you may be refused a card.
Step 2
If you are a member of a salary project or a corporate client of a bank, you can count on a fairly high credit limit. Sometimes banks only issue debit cards with a line of credit to this category of customers. In most banks, the amount of the overdraft is calculated as follows: the amount of working capital for the past 3 months, divided by 50%, or no more than 75% of the annual income.
Step 3
An overdraft payment card is often issued to depositors in case a client has an urgent need for funds. Using the credit line opened for him, the depositor can get the required amount of money and not lose interest on the deposit. In this case, the amount of the overdraft depends entirely on the amount of the deposit (from 30 to 80%).
