Bank overdraft for fixed or indefinite period of time

• Bank overdraft is linked to a current account in CZK or foreign currency and it allows you to overdraw your current account balance (“be in the red”) – up to a pre-agreed maximum limit
• Bank overdraft may be negotiated for a fixed period of time (usually a short-term period of up to a year) or for indefinite period
• Funds may be used to finance your operating needs arising from your business activities
• Bank overdraft agreement also specifies the overdraft limit, interest rate and other specific terms and conditions based on your individual needs and creditworthiness
• With a bank overdraft, you can repeatedly draw funds up to the agreed overdraft limit
• Each payment to your current account reduces the loan amount
• This allows you to use your bank overdraft again, up to the agreed overdraft limit
• Address your operating cash flow fluctuations, if and when necessary
• Payment transactions as with a current account

Intended for sole traders, companies, and other legal entities, municipalities and their clusters, regions, as well as contributory organisations or legal entities formed by regions or municipalities.

• Pricelist and Interest Rates
• KB Business Service
• KB Business Finance