Authorised Overdraft

You can make payments with us, even if there is nothing in your account

Authorised Overdraft

  • No account management fees
  • You do not have to arrange a loan
  • No need to document what the money is used for
  • You can arrange it for every account
Apply
Loading

What do you need to prepare for the application?

Prepare 2 identity documents (ID card and driving license, for example). If you have received your salary to an account with our bank for at least 3 months, you do not have to prove anything else.

However, in some cases, we may need further information about your income, especially:

  • If you are an employee (ask the employer for proof of income and prepare the last complete account statement that includes the salary)
  • If you are an entrepreneur (prepare a tax report for the last tax period)
  • If you are senior citizen (present a pension declaration and the latest money order slip or account statement where your pension is sent)

 

Frequently asked questions

How does an overdraft work and how much will it cost me?

If, for example, you are CZK 5,000 in the minus on your account 10 days before payday, when your paycheck arrives and you are back in the black, it will cost you CZK 30 in accrued interest. If you do not use your overdraft, it will cost you nothing. Representative example

Pricelist

Selected services fees
Opening, maintenance, cancellation free of charge
Credit limit change free of charge
Fee for restructuring and change in contract documentation CZK 500
Current interest rates Rate
ČSOB Authorised Overdraft*) 21.90
Statutory interest on arrears ČNB REPO rate + 8 % p. a.

*) Announced annual floating interest rate (% p.a.)

The fees listed in this section are taken from the applicable full version, which is available in our Pricelist. We have summarised all the interest rates for you in the Overview.

Documents for download

General documents

Information on credit registers

Representative example

Representative example of the ČSOB Authorised Overdraft in the amount of CZK 20,000 with repayment in 3 months: RPSN 24.2%; floating interest rate 21.9% p.a.; monthly interest payment: CZK 365; total for payment: CZK 21,095. Valid for Authorised Overdraft connected to the ČSOB Plus Account with monthly turnover above CZK 10,000. This is not a proposal to conclude a contract.

A floating rate may change depending on a modification of the Announcement of Credit and Deposit Interest Terms and Conditions.