The Overdraft in foreign currency is designed chiefly for the clients with a sufficient collection in foreign currency on an account in Komerční banka Bratislava.

The overdraft loan is designed especially to finance short-term receivables up to the (normal) maturity date at home and abroad and to finance stocks.

The overdraft is provided on the client's current (overdraft) account. This is a special type of current account that allows you to access funds up to an agreed debit limit for a certain period at an agreed interest rate with contractual terms and conditions. The agreed limit cannot be exceeded. The bank announces the credit balance interest rate. The debit balance interest rate is floating and is set up in a loan contract. The client pays the debit balance interest monthly. The loan can be provided in EUR or in selected foreign currency.

Enables you to react flexibly to your company's short-term cash-fluctuations, thereby you create a more stable environment for your business operations. Overdraft offers you the security that when necessary you can access funds and pay them off again - always according to your current needs.

Every incoming payment in favour of your current (overdraft) account reduces the debit balance and thus enables you to again access to funds up to the agreed limit.

With an overdraft account you can make payments and use other banking services, in the same way as with other current accounts. This includes chiefly the cash and non-cash deposits and withdrawals, the reservations and blocking, the payment cards, the electronic data transfers and assigning the standing orders and automatic transfers.

For further information on this product or to order it immediately, please contact your Relationship manager or write to us on our e-mail address koba@koba.sk.