Overdraft

Keep your business afloat amidst challenges

We all face unforseen circumstances. Our overdraft acts as a safety net during short-term and adverse fluctuations your business may experience.

A safety net to manage your business fluctuations

A bespoke and clear overdraft agreement

A bespoke and clear overdraft agreement

You know in advance the maxilmu limit of your overdraft, its duration and its interest rate. These elements are put in your contract and can be reviewed at any time

A bespoke and clear overdraft agreement
Overdraft limit

Overdraft limit

Nobody knows if unforseen circusmtances are going to happen, let alone when. To take the guesswork out of the equation, the maximum limit of your ovedraft is set in advance and can be as high as €500,000.

No strings attached

No strings attached

Most overdrafts play hard to get, only sticking around for 6 months to a year. Ours is granted to you for as long as you require it, with no fixed duration. You decide when to revoke it.

The duration

The duration

Our overdraft authorisation is valid for 15, 30, 45, or 60 consecutive days. Hence, your current account can be overdrawn for up to 2 months before reaching a positive balance.

No guarantee required

No guarantee required

We will not require any form of guarantee to give you an overdraft authorization. We trust you, which enables us to address your needs more quickly.

A three-step process

Understanding your needs

Understanding your needs

You take us through your needs and the details of your business. We'll then review the information and the documents you've shared.


Follow up conversation

Follow up conversation

If we believe we can assist you, your relationship manager will shcedule a meeting with you to gather additional elements.


An agreement is made

An agreement is made

Once we confirm we can provide you with an overdraft facility, you'll get to e-sign all the documents and start using your overdraft right away.

An overdraft that gives you financial flexibility when it matters

Features
  • 1

    Overdraft of up to €500,000


  • 2

    The account can be overdrawn for 15, 30, 45, or 60 consecutive days


  • 3

    No expiry date on the overdraft limit


  • 4

    No guarantee required to get an overdraft

Experience
speaks louder than words.

Ready to leave the dark side of banking behind?

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Logo Memo Bank