Overdraft Facilities - Cyprus
 
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Overdraft Facilities

What is an Overdraft facility?
An overdraft facility is a feature 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 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.

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What are the benefits of using Ahli Bank’s Overdraft facilities?

  • Whether you are starting a new business, or when your business is short of money the Ahli Bank Overdraft facilities is the exact solution for paying your unexpected expenses with an extreme 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.

  • You can receive your Overdraft facility in US Dollars or in any other Major foreign currency.

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To apply

Visit our branch in Cyprus or stop by the Head Office of the International Banking Group at Queen Noor Street, 4th floor, and one of our Customer Service Representatives will be glad to assist you in filling an application form.

For more information, please don’t hesitate to contact our designated customer service area/ International Banking Group in Amman at telephone number +96265696741


(Subject to the Bank's terms & conditions and approval)

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