| |
Overdraft Facilities
What is an Overdraft facility?
An overdraft facility is a feature of many bank accounts that allows the account holder to obtain extra cash from time to time. The amount of overdraft allowed varies greatly from bank to bank and is determined based on numerous factors related to your credit worthiness; Overdraft facilities are commonly available for both personal and business accounts.
When to use an overdraft facility?
Overdrafts should not be used on a regular basis as your primary source of borrowing money. They are fine if you need a small amount of extra money every once in a while, but if you find yourself depending on your overdraft every month or on a regular basis you should consider obtaining a regular loan to get your finances back in order. This will cost you less money in the long run because a standard loan will most likely charge a lower interest rate than an overdraft.
What are the benefits of using an Overdraft facility?
Everyone gets into a pinch now and then. Sometimes an unexpected expense comes along and if it’s at the end of the month you might find yourself a bit short. In this situation an overdraft can be a great help, allowing you to take care of unanticipated items on time and without paying the extremely high fees of an unauthorized overdraft.
What are the benefits of using Ahli Bank’s Overdraft facilities?
- Ahli Bank takes your hand when you start a new business, or when your business is short of money offering you Overdraft Facilities to pay for your unexpected expenses for extremely competitive interest rates.
- You can withdraw and deposit money in your account, and you will only be charged for the debit amount.
- Ahli bank covers any need for liquidity in your company with its overdraft facilities.
To apply
Visit any of our branches in Palestine and fill in the application form, and your account will be opened instantaneously. To learn about the locations of our branches call us 970 2 2959343
Back
|
|
