FAQS
Do you have any questions?
Find bellow the most frequently asked
questions about Private Compensated (Authorized) Overdraft.
What is Private Compensated (Authorized) Overdraft?
Private Compensated (Authorized) Overdraft is a consumer credit that corresponds to a debit balance in the customer's current account and is used for debit movements.
Who can join Private Compensated (Authorized) Overdraft?
Private customers.
What are the benefits of subscribing to Private Compensated (Authorized) Overdraft?
- The customer can use the credit for whatever purpose according to their needs;
- Speed in the concession process;
- Immediate access to availability during the current period of the line
What is the maximum amount of Private Compensated (Authorized) Overdraft?
Depending on the amount of the collateral invested in time deposit.
What are the access conditions required to subscribe to the Private Compensated (Authorized) Overdraft?
- Being a Bank customer for at least 6 (six) months;
- Term deposit constituted, according to the chosen product.
What documents are required to subscribe to the Private Compensated (Authorized) Overdraft?
- Photocopy of the identity card;
What are the associated costs?
According to the BAI Operations Price List in force.
With the entry of VAT, will stamp duty continue to be charged on all commissions?
In credit products, VAT has replaced stamp duty. Previously, 0.7% were charged in fees in price lists, now 14% VAT will be charged.
Where should the customer proceed with the subscription to Private Compensated (Authorized) Overdraft?
At the account domiciliation desk.
How will Private Compensated (Authorized) Overdraft be made available?
It will be made available directly to the Beneficiary’s Current Account.
What is the refund method for Private Compensated (Authorized) Overdraft?
- Capital: Payable at maturity;
- Interest: Payable monthly.
What is the service channel?
Account domiciliation branch.