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What do I need to do to get a redeemable overdraft?
For a Redeemable Overdraft you can contact your Account Manager who will advise you and assist you with the paperwork.
What is the difference between an authorized overdraft and a redeemable overdraft?
A redeemable overdraft can be repaid over several months.
Will I be asked for guarantees?
The guarantees to be provided are defined on a case-by-case basis.
When should I opt for a redeemable overdraft instead of an authorized overdraft?
You can choose between an authorized overdraft and a redeemable overdraft depending on whether you want to repay in one go, or several times over several months.
How is the amount of a redeemable overdraft determined?
The amount is determined according to your ability to repay, after your application has been studied