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Farmers Products - Services
Deposit Accounts

Farmers Products - Services
Deposit Accounts

Farmer Overdraft Business Account

TARGET CLIENTS

Farmers and Agribusinesses

MINIMUM DEPOSIT

Not required

INTEREST RATE

Interest-bearing account (for amounts of €30,000 and above)

OTHER FEATURES/INFORMATION
  • The account is a combination of deposit and lending.
  • An overdraft may be approved by assigning the farming subsidies to the Bank as collateral, thus improving the liquidity of the beneficiary farmer/agribusiness.
  • The beneficiary is not charged with interest, unless the overdraft limit is used.
  • If the overdraft is used, the beneficiary is charged with interest for the amount used ONLY.
  • Possibility of Checkbook issuance .
  • In case the account is held by a sole proprietorship or by individual farmers, the account may be linked to Pancreta Debit Card.
  • It may operate as a check servicing account.
  • A standing order for payment of the beneficiary’s debts may be set up.
  • It can also be used via Internet Banking for transactions (Transfers – Payments – Remittances etc.).