Over-Light

FAQ

Tell us about Piraeus Bank

Piraeus Bank in Ukraine is a subsidiary of Greece's largest financial group - Piraeus Financial Holdings S.A. The Bank was founded in 1916. Its head office is located in Athens, Greece. Today Piraeus Bank is the largest bank in Greece, serving more than 50% of the country's population. The Piraeus Bank Group offers a full range of financial services and products to 5.7 million clients in Greece.

How does placing an "Over-Light" deposit differ from a classic deposit?

An "Over-Light" deposit is placed for one night / weekend, whereas classic deposits are placed for a longer term.

By what time must funds be transferred to an "Over-Light" deposit for the deposit to be placed and interest accrued?

Funds are placed on an "Over-Light" deposit from the client's current account by 16:45 on each banking business day.

Can Piraeus Bank make automatic daily replenishments of an "Over-Light" deposit if the client does not wish to do so themselves?

Yes, it can. Under the terms of the automatic funds-transfer service from the current account to an "Over-Light" deposit, the bank makes the transfer itself (at 16:45) on every banking business day, without any involvement from the client. On the very next banking business day, these funds are returned to the current account together with the accrued interest (by 11:00). To activate the service, contact the personal manager who serves the client.

What amount will Piraeus Bank transfer to an "Over-Light" deposit itself, and on what amount is interest accrued?

Under the automatic daily debiting of funds from the current account to an "Over-Light" deposit, the bank may transfer the entire available balance from UAH 1 million upwards. Interest is accrued on the amount from UAH 1 million placed on the "Over-Light" deposit.