all natural and legal persons who have a bank account, may wish to issue the credit in the form of an overdraft.The word "credit" is clear today, even a student, but it represents an overdraft account and why it is not a loan, it is known not to everyone.
Why open an overdraft
If you need to close the gap in payment transactions, you can not arrange a bank loan with great interest rates and overdraft.Suppose you have a bank account, you use it not only for profit, but for the deduction of certain amounts to the customer.At some point the required amount in the account was not there, and you need to transfer the money as soon as possible.Receipts of money in your account to happen one day, but the customer can not wait.To immediately transfer the money to the customer, using Overdraft card.This type of loan is not to be confused with a loan or other financial transactions.When making a particular type of card is issued - Overdraft.
examples and concrete figures
to more understandable term
morning on the balance sheet of an entrepreneur of 10 000 rubles.It is on this day goes to the bank and sign a contract for the opening of the overdraft limit in the amount of 1 000 000 rubles.Using a paper carrier, the owner pays the bank an order for an amount of 100 000 rubles.Required money the bank transferred to the counterparty, including the expense of an overdraft.It turns out that the entrepreneur still owes the bank overdraft 90 000 rubles, but it is still in the limit of 910,000 rubles, which he can use if necessary.
Suppose the next day at the expense of the entrepreneur receives the amount of 120 000 (for example, the money transferred counterparty).Debt on the loan is repaid in the form of overdraft facilities and the free limit of funds that can benefit the entrepreneur, again restored.So, the next day at his disposal again the sum of 1 000 000 rubles.Here is an example of available painted, revealing the essence of the issue that is Overdraft credit card.
for what purposes the money can be spent limit issued by the bank
Almost any bank controls the money, which he gave in loans to legal entities or individuals.If the borrower has his own business, the overdraft is used to pay the bills, payroll, taxes, deposit payment for the work, repayment and so on.The Bank does not give money to use limit in the event that you forget to pay the taxes or loans and it has gone fine.If this was the case of the borrower, the bank will not allow him to even purchase by overdrawn current assets.
Force Majeure, or arrears of overdraft map
is impossible to predict what will happen tomorrow, how will your business.If you have not figured out the opportunities and the necessary sum of money does not lay on your bank account, it is not the worst thing in the condition that was not affected by the limit of bank credit.Overdraft card - it is in relation to the debt to the bank?
If you do use this type of loan, and receipt of money in the bank did not take place until the date stipulated agreement, the payment can commit cash to the cashier of the bank.If the borrower has a second account, which constantly come the money, then you can throw them on the one where a debt on overdraft.All operations take place within one working day.
When signing the contract, you should have clearly marked the date by which you must pay cash.Typically, this is the 30th day since the opening of the credit limit.Some banks are asked to cover the debt before the 20th day of each month, regardless of the date of the opening limit.
Under what conditions can open a card overdraft
for bank loan borrowers often have to carry a bunch of certificates and documents confirming its solvency.If you need a large sum of money, and can require guarantors.Overdraft card "Savings Bank" Visa Classic provided without collateral property.Bank enough to see your monthly cash inflows to the account.Based on the amount of money circulation and the decision of how much to give you an overdraft.It is possible that the lender will require the guarantor, it may be a director of the company, the owner, co-owner and other persons related to your activity.
Who can refuse to issue a cash
Overdraft card - what it is, whether it is given to all?It would seem that if there is an account to which regularly receives a certain amount of money, why the bank should refuse to issue an overdraft?It turns out that use little account, you must still have a positive credit history.Before you make a decision, the bank will check more than one applicant, and the whole enterprise.If it seems that it is a couple of months liquidated or will not be repaid, then the loan is likely to be denied.In addition, the current account of the applicant should take place turns at least three months.Although the latest requirements of each bank is suitable based on their point of view.There are such cases: overdraft addressed important client, who recently opened an account in this bank, but over the years has accounts at other financial institutions.The bank may make a request to those organizations that traffic in the customer's money, and based on this information to make a decision on the credit limit.In considering the application is not only interested in a monthly amount of money that goes into the account, but also by how often money comes turnover.
term of the agreement on overdraft
If a positive result is made with the borrower agreement for 180 or more days.Every 30 days the amount in the account should be supplemented to cover the debt on overdraft.With full repayment of the debt owed to the bank borrower has the right to terminate the contract.Also it allowed 180 days to issue a new agreement.Interest on such an agreement has always been less than the loan at the bank.Terms of overdraft is much more loyal because the interest charged for the use of the money only on the outstanding balance at the end of the working day.
When formed debts the bank is entitled to in the shortest time demand their money, and if you encounter such a situation, the blacklist, and a bad credit history you provided.Overdraft is given in a single currency, a single borrower and a bank.
Best Credit Card Overdraft
- it is for the borrower: the benefits or debt hole?Often, a person can not plan your spending, and in the preparation of the salary begins to buy a bunch of useless things.At the last moment, he recalls that the most important thing and not purchased, and not all the payments made in the period.You can turn to family and friends for help, but not all have such friends, who are free to borrow the necessary amount of money for a few weeks.
Not everyone likes to lend money.Many guided by the following principle: if you want to man gone out of your life, lend him money.Why check the theory in practice, it is better simply to refuse the debt, citing the difficult financial times.Why go in a roundabout way, if I may borrow from the bank to the same a couple of weeks, but still low interest.
Overdraft as a type of lending
What is Overdraft bank card?This phrase is translated from English as "sverhschet."Throughout the world, this service has been gaining popularity not only among businessmen, but also among ordinary working class.You can choose to calculate a limit you can open the bank in case the application is approved.The amount of the overdraft will not exceed the average salary of the applicant for three months.If contributions are regular, the customer can withdraw money from the account until such time as an agreement ceases to operate.
What is Overdraft card for an individual?Any person working salary is transferred to the card.If the bank has decided to open a credit line, it means that the overdraft will be overlapped salary.In the case of dismissal of an employee will have to repay the overdraft in full within a few days.
