overdraft enjoys a huge number of people, if not all of them know what it's called.In fact, the overdraft limit - a sum of money determined including, for regular admission to the customer's account.For example - payroll, transfer other funds earned from the account to the account receiving regular payments to another plan and other options of getting money.Keep in mind that some banks require for registration of an overdraft to provide documents confirming the legality of obtaining funds of the potential borrower.If you want to avoid this moment, you need to ask in advance the presence of such a requirement and have come from the information: to register it here or change bank.
Overdraft
It is a specific type of short-term lending, implying the continuation of the bank account of the customer service even as the required amount of assets exceeds the available balance.This is done only when the card has been held by pre-installing the overdraft limit.It should be remembered that the bank will never be able to own, ie without the knowledge and permission of the client, to connect to this type of loan, if it is not subject to conditions of the card contract or indicated in any other document signed in a bank.Also, it can not arbitrarily change and the amount of the overdraft.It can be reduced only to a certain point under the contract with the customer against unfair or increased, but only after the conditions of such services will be negotiated and signed by both the bank and by the potential borrower.
overdraft limit
What is overdraft limit?It is a certain portion of the amount of regular income to the account of the client, the size of which is determined by the bank on the basis of various indicators, depending both from the user's card, or directly from a financial institution.Some are able to provide large amounts of practically anything without knowing more about the borrower, but the percentage of use is much higher than other banks as if to compensate for the risks.Overdraft can be connected to different accounts of the potential client.This can be a current account for the use of which is necessary to go and see the bank as well as the usual, card.Such a card with an overdraft limit allows the use of funds, which does not yet have in the account, but once they are on it will drop - the amount of the debt is automatically repaid.
Term overdraft
Each of this type of lending has a certain period within which the amount of the debt should go to the account of the client.As well as the calculation of the overdraft limit, the period of turnover is calculated by the bank based on all information available to it at the expense of income of the borrower and about him personally.The better financial performance of the client, the more often he has the money, better credit history and so on, the greater will be the amount that the Bank is able to provide.That is, the entrepreneur is constantly receiving at the expense of a certain amount, can count on a large overdraft limit.This applies not only to business or legal persons.It may well be that the company with the largest turnover can receive on your bank account in a certain amount, though large, but irregularly and infrequently.In this case, the question of such loans may not even rise.
Repayment overdraft
Under certain conditions, such a loan can not be repaid automatically when entering funds to an account.This occurs when the client is a long time working with the bank, it has a long positive credit history and he can tell anyone - what an overdraft limit.The Bank understands such reliable borrower and offers him a more favorable terms, which, on the one hand, are designed to keep him among its own customers and on the other - are able to improve the welfare of the client.That is, in this case, the overdraft deliberately extinguished, and only those amounts that are allocated to this borrower at a convenient time.
Pros
main and basic advantage of this type of loan can be regarded as an opportunity to make payments to those which still is not available.This greatly increases the ease of use of the account, makes life easier for the customer, and in some cases (especially in business or legal entities) allows you to negotiate better deals, not looking back on the balance of available funds.Moreover, in most cases, as long as the borrower is not "climbed" in the overdraft limit, it does not oblige it to make any payments.The Commission has also not removed.This makes it possible to feel more confident, even if the use of the loan is very rare in nature.That is, if necessary, the customer knows exactly what he has the ability to pay their bills.
Cons
overdraft limit - a scourge for people who are unable to keep track of their own finances.They just can not stop if they know that they can spend a little more money.The fact that in the future they will have to return such person remembered, unfortunately, too late.In many cases, the moment becomes a problem in a relationship bank and its client, both in terms of the financial institution, it simply gives you the opportunity to spend money when necessary.Borrower believes that it almost violently forced to use the money, and now more and take a fee for it.Ends is often the fact that the bank closes or limits, or who took herself alone client asks for it.
Overdrafts Sberbank
One of the most advantageous conditions of this service - Sberbank.The Bank analyzes the financial condition of the client himself, and credit history before making a proposal to connect the overdraft limit in the Savings Bank.The amount of the loan may vary very widely and depends entirely on the borrower's operations, with the score coming back funds, and many other parameters.
Results
Overall overdraft limit - a feature of financial institutions, to spend more money if necessary.The ability to incorporate their own income and expenses can use this option for the benefit of themselves, and even earn more than is necessary to return (even with interest).People who can not refrain from shopping, to refrain from the use of this service in order to avoid overpayment and problems in lending.
