CURRENT ACCOUNTS
Main characteristics
Current account is the primary transactional account which Banks open to the citizens.
Inflow of the funds on the current account is carried out by the payment of the earnings or other kind of personal gains as well as by the transfer of the funds from other accounts in the bank, individual deposits etc.
You can manage your funds on your current account by:
•cash deposit / withdrawal order form
•permanent order form
•transfer payment order
Advantages
•permanent availability of funds
•safety of transactions, speed, complete discretion
•non-cash payments
•use of allowed over-draft
•more favorable financing conditions
On the occasion of current account opening or later, account owner may authorize another person to manage his current account.
Notes
Necessary documentation for opening of current account:
•Personal card or passport (Copy is left in your file with other documents)
•Request for opening of current account authorized by your employer
Client receives Current Account Card and original of Current Account Opening Agreement.
Interest rates and charges:
• interest rate for sight deposits – 0,75% p.a.
• cash withdrawal – free of charge
Current account over-draft allowance
Main characteristics
Current account over-draft allowance is up to ½ average of 3 (three) last months earnings.
Conditions for approval of the over-draft are:
•regular account management
•regular inflow of 3 (three) earnings or pensions
An over-draft is approved on the request of current account owner and according to the calculated average.
Bank may revoke an over-draft if inflows of funds on current account stops.
Advantages
•the easiest and fastest financing (loans approval)
•without placing of deposits, mortgages, documentation
Interest rates and charges
•interest rate on over-drafted funds - 14, 60% p.a.
•over-draft approval fee – 1,5% flat fee in advance, min 2 €
Notes
Collateral: personal draft of the current account owner – over-draft user.
Over-draft is approved for period of 6 (six) months.
