What is overdraft in Sberbank

Overdraft is a very useful thing. Overdraft service is almost every bank. Despite this, there is a certain risk. This article will tell about the essence of overdraft and its provision in Sberbank.

1

The essence of overdraft

Overdraft - a commercial bank service that allows you to use the Bank's funds. Thus, if you have ended money on a bank card, you can safely continue our purchases "at the expense of the bank". Of course, at the end of the next month you must pay this debt. This service is very convenient, but is associated with certain risks.

Risks when taking overdraft:

• Upon exceeding overdraft limit, the Bank charges additional interest.
• Your unexpected financial difficulties can lead to complications.
• You will not be able to pay the percentage of overdraft.

2

Overdraft in Sberbank

Sberbank, like many other banks provides an overdraft service. Before you provide the service, the bank is convinced of your solvency. It can be some documents from work confirming your salary or working capital on the map.

For convenience and reducing risk, bank employees offer customers to tie overdraft to the map on which your salary is charged. Thus, overdraft and interest on it will be automatically written off at the time of salary accrual. For individuals (employees of companies, people who do not have their own business) percentage overdraft is 18%, if you have a ruble card and 16%, if you have a dollar or euro map. For each client, the Bank is an individual overdraft limit.

Overdraft limit is a limited amount of money that a person can spend at the expense of the bank.
Consider an example: your wage is 60 000 r. Based on this, the bank confirmed you the overdraft service with a limit of 15,000 p. In case you have no money in your account, you can use the service overdraft. Remember that it is extremely not advised to spend a large amount than the specified limit, since the Commission doubles. In this case, you will pay not 18%, but 36%.

As you have already noticed, Overdraft is a very necessary thing in unforeseen situations where there is no money on the account, and you need to pay the service. But always remember the Lyerch and try not to overlap this threshold. This is in your own interests.