Overdraft is an opportunity to borrow small amounts of money from a bank for a short period. If you have an overdraft enabled, you can spend more money than you have in your account.
The limit is 5 million UZS.
No, in most cases they are not needed. The bank focuses on the turnover of the account.
There are two terms for an overdraft: 1. the term of the limit renewal — the limit will be valid for up to 12 months and 2. the repayment period — the principal debt and interest are repaid monthly on the 15th day of a month. The first date for payment of the principal debt comes from the second month. Interest is paid monthly on the 15th day of a month.
You pay for an overdraft only when you use it. For using an overdraft you'll pay 23% per annum for the balance of the overdraft debt.
The overdraft is repaid automatically when money appears on the account. The overdraft period is updated immediately upon the repayment of the debt.
You can top up your card account with money transfers via mobile apps or bank transfers.
To get the information on the overdraft limit, go to your profile on the website or mobile app.
You can check your overdraft debt in your profile or mobile app.
To disable the overdraft, contact the call center by phone number ___ ___ ___, or by applying via the mobile app.
Overdraft is an opportunity to borrow small amounts of money from a bank. The overdraft balance is easy to check in your profile or via mobile app. To avoid your balance coming under the zero please follow the rules as stated below:
1. Learn the terms and conditions before using the overdraft. Read about tariffs, limits, and penalties.
2. Borrow the money for a short period of time only in case of emergency expenses that cannot be postponed.
3. Monitor your balance. This will keep the situation under control and will help not to drop much under the zero.
4. Check the limit: track SMS messages from the bank and see the account details in your profile.
5. Do not delay payments. Penalties and long delays worsen not only the borrower's relationship with the bank, but also the credit history.
There is a daily penalty of 0.05% of the outstanding balance for delay, and the delay disables the overdraft. To use the overdraft again you'll have to repay the debt.