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.
If you have bank overdraft/s from other providers, transfer them to our bank. We will keep the existing amount of your limit up to CZK 150,000 and will not ask for any proof of income or a guarantor from you.
- 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 5,000. 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 19,68% p. a. Total amount due CZK 5,225.
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.