Authorized Overdraft

Authorized Overdraft

Flexible and ideal solution for your company's specific cash needs. With immediate availability of the amount negotiated, you can use the Authorised Overdraft limit at any time and whenever you need it, through normal use of the Current Account.

How does it work?

The use of the Authorised Overdraft is made for each payment/overdraft in the associated Current Account, up to the contracted limit.

 

Benefits

  • Immediate availability of capital;
  • Ease of use and repayment of capital;
  • Negotiable amount, rate and term according to the company's treasury needs.
  • Allows for increases and renewals of the limit, subject to Credit analysis;
  • Available in foreign currency (USD, ZAR and EUR).