Financial Products > Overdraft
Transaction Detail

An introduction to services:

ü  An overdraft means the bank allows the Customer to spend more than the client’s available balances. The Customer will pay the interest on the outstanding balance of the overdraft loan.

ü  After the securities are sold, the received payment will be used to deduct the borrowing amount. The investors only bear the interest for any time when the investors are overdrawn

Implementation conditions:

The investors can put BIDV savings book or get an unsecured loans (for BIDV staffs) to be granted an overdraft limit. This limit is used to place securities orders as needed or the investors can use the limit for other unexpected expenditure.

Guidance:

The customer goes directly to BIDV’s branches to apply for the overdraft and transfer money to BSC’s transaction account.

Interest rate:

Interest rate applied at the bank (BIDV) at specific period.

Related terms
Attachment