Overdraft

An overdraft is a volume of funds granted by the bank in order to improve the turnover of your company.

A certain amount of funds will be available to you at your account, which is granted upon individual evaluation of the financial position of you company. Overdraft can be used without limitation for various purposes.

Advantages 

• an opportunity to expand turnover and the range of goods, for instance, to procure a larger volume of goods or offer a broader scope of services
• an opportunity to balance your cash flow, as for instance, it saves the trouble worrying whether the daily deals or purchases are affordable
• an opportunity to make better offers to your customers, like offering to get an item or service on deferred payment conditions

Nordea offers the overdraft facility to companies to a term up to 12 months.
Only the actually used amount of funds accrues interest payable to the bank. The entire amount outstanding is to be defrayed at the end of the agreement term.

The below listed may serve as security to overdraft:

• guarantee of the corporate shareholder
• constant cash flow of the company in Nordea accounts
• real estate
• movable property

You are welcome to apply for overdraft at any Nordea customer service unit.