Farmers > Products - Services > Deposit Accounts
Farmer Overdraft Business Account
Farmers and Agribusinesses
Interest-bearing account (for amounts of €30,000 and above)
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.).
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