A bank overdraft is an immediate reserve on your account which is available at any time. It allows you to overcome sudden financial needs. Taking out a bank overdraft within your account is free of charge and entails no further obligations. It depends on you whether you decide to use the bank overdraft.
- Immediately after opening a current account (clients are subject to an approval process in the bank)
- The possibility of cash and non-cash drawdown
TIP! When opening a current account and taking out a bank overdraft with a U Konto account, you will get bank overdraft free of charge.
Representative example for Bank Overdraft:
A bank overdraft taken out for a U konto account CZK 750. Interest rate 18% p. a. One-off fee for taking out the overdraft CZK 0. Fee for keeping an overdraft CZK 0/month. Fee for keeping a current account CZK 0/month. APR 19,72% p. a. Total amount due CZK 784.
A bank overdraft is taken out for an indefinite period of time. The representative example is calculated on the assumption that the duration of the overdraft is 3 months.