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Business Overdrafts

Are you looking for a Business Overdraft?

A business overdraft is a flexible source of short-term cash that helps you deal with unexpected costs and allows you to manage your changing requirements throughout the year. Essentially, an overdraft is a way of allowing an account balance to operate in debit up to an agreed level.

What are the benefits of a business overdraft?

  • They reduce timing differences between payment of creditors and receipt of money from your debtors
  • The ability to pay interest only on the funds you use
  • A variable interest rate
  • Fluctuating balance with no set repayments

Access to your fund in a variety of ways including cheque, online, or telephone banking

 

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