Basically, an overdraft is still a kind of credit, but easier to take out. In Romanian it's "descoperire de conto". It means that the bank gives you a line of credit (money that you can access at any time, with less effort than credit) worth up to 6 salaries. 

An overdraft has several advantages over a traditional loan. For example, the bank doesn't charge fees and charges if you don't use the amount you're given. And you only pay interest on the money you've spent, and when you pay back the amount you've used from your credit line, you can use it again immediately. Plus, it's easy to get: 

You can get it online from BT Pay or take your ID to the bank, and if you cash your income at work at the bank, you don't need any documents from work.

This line of credit begins to be drawn when you run out of your own funds on the account.

What are the advantages of overdraft?

❶⠀The bank does not charge fees and commissions if you do not use the amount overdrawn;

❷⠀The funds are available in the account at all times and can be used even via the debit card attached to the current account;

❸⠀You only pay interest on the credit you have used, and once you pay back the amount you have used from the credit line, you can immediately use it again;

❹⠀It's easy to get, by your presence, with your ID in BT unit, without documents from your place of work if you receive your income through Banca Transilvania or directly in BT Pay;

❺⠀You don't have to withdraw the whole amount like a ♪ personal loan ♪but you can gradually draw on your credit line when you run out of money in your account. You can withdraw the money at any time, including through cardat the ATM.

What are the criteria for granting an overdraft?

The eligibility conditions to be met in order to benefit from an overdraft are as follows: 

❶⠀Be a natural person of Romanian nationality;

❷⠀Have a current account and a debit card with BT;

❸⠀Have an eligible monthly income of more than 800 lei;

❹ Have at least 3 months seniority at your current place of employment;

❺⠀You must be able to prove that you are in receipt of permanent income.

How to get an overdraft?

• find out online if you are eligible by applying in overdraft page;
• you can come to one of BT branches or apply directly from BT Pay.

Once we will make a calculation after analyzing the situation, we will let you know if you can be granted and how much we can offer you. 👍

We can offer you a line of credit up to 5000 EURO RON equivalent.

For how long is an overdraft granted?

The overdraft period is 1 year, with the possibility of automatic extension. ⏳

In what currency can I overdraw my account?

Overdraft currency is RON 💰