CREDIT LINE
Overdraft limit in your bank account
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What is an overdraft limit in a bank account?
An overdraft limit in a bank account (Credit Line) is additional funds that increase your available account balance. You can use it to make a transfer, pay for your shopping by debit card or withdraw cash from an ATM – it’s up to you how and when you spend these funds.
How does an overdraft limit work?
- If you have been granted an overdraft limit of PLN 3,000 in your personal account, your available account balance increases automatically by this amount.
- You can use the limit granted whenever you need. If you don’t spend it, absolutely nothing will happen – the funds will be there waiting for the time you need them.
- The limit is not a one-time thing; it is available on your account permanently, and it is repaid and renewed every time you deposit money on your account.
- The maximum limit in a personal account is PLN 8,000.
Why does it pay off?
There may be times when you still have a few days left until the pay day and you have to pay, for example, an insurance installment or an advance on a skiing trip. Or maybe you have an extra expense this month that you want to cover with the funds from your personal account? An overdraft limit on an account is a convenient way to obtain financing in such situations.
- You use it only, when you need to.
- You spend it however you want – by paying by debit card, withdrawing cash or making transfers.
- The limit is repaid and renewed automatically when your account is credited with funds.
- 0% of interest if you use the Credit Line up to 7 days in a given month.
First, open an account with us – you can do it in as little as 15 minutes without leaving home.
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