Sberbank clients often have questions about such a thing as an overdraft. This service appeared on the domestic banking market relatively recently, so many users are interested in an overdraft from Sberbank - what it is, connection, features, and the ability to disconnect. This will be discussed in the article.
Content
Overdraft - what is it and on which Sberbank cards is it available
Overdraft is a temporary loan service connected to a salary card. If it is available, you can use the amount that is more than the one on the card, but limited by the limit. At the same time, each client has its own limit and percentage set by the bank depending on individual conditions. You can use the money at your own discretion.
At the moment, the service was provided only for salary cards (private entrepreneurs and corporate clients), provided that the company has concluded an agreement with the bank on the provision of the service.
Overdraft is not connected to debit cards.
Overdraft Features
- There are always additional funds on the account for the purchase of goods, payment for services and cash withdrawals.
This money is provided by Sberbank on certain conditions and can often help out in a difficult situation. To use borrowed funds, you do not need to visit a bank branch and collect documents. - You have to pay fixed interest for using the loan. Otherwise, the money will simply lie on the account and wait in the wings. The system of issuing loans through overdraft has some disadvantages:
- no grace period. After the withdrawal of part of the money or all the funds allocated by the bank, the accrual of interest begins;
- if you do not return the required amount to the account on time, then Sberbank will remove additional commissions;
- it is difficult to calculate your own financial capabilities and plan expenses.
How to find out if an overdraft is connected on the card or not?
In order to find out if an overdraft is connected on the card or not, you can ask the representatives of the accounting department (HR department) of your organization or call the Sberbank Contact Center .
How to activate the overdraft service
In most cases, additional funds are offered by Sberbank when issuing a card. Being a legal entity (IP), you can contact the bank branch to connect the service for yourself or your employees. More details about the connection procedure are on the bank's page .
To apply for this service, the bank employee first of all checks the solvency of the overdraft applicant. The guarantee is an active legal bank account or other means of confirming solvency, for example, income statements from other sources.
Owners of salary cards may not confirm their ability to pay.
Disadvantages of the service
In social networks and on specialized sites, you can find a fairly large number of negative reviews on the use of an overdraft. It can be difficult for cardholders to deal with the system of accruing interest and debiting funds in favor of Sberbank. The disadvantages of loans include some difficulties in disabling the service.
What is an overdraft - video review
conclusions
Each cardholder has the right to independently decide whether he needs an overdraft from Sberbank? Sometimes customers, having signed a service agreement with a bank, do not specify the presence of an overdraft . Getting a salary and spending money, you can not notice where the money disappears. A call to the Sberbank hotline will help sort this out.