Employees of companies that have a salary card issued by Piraeus Bank in Ukraine, may use an overdraft on their VISA payment card with up to 100% of their salary per month (minimum overdraft limit is UAH 1000, maximum - 20 000.)
There is no additional fee for opening and using the overdraft . Overdraft rate is 30% per annum. One can take an overdraft on the salary card for 1 year with possibility of concluding another contract for a new term and review of the overdraft limit. Repayment of the overdraft occurs automatically when crediting funds on the client’s salary account, regardless of the origin of funds.
To use the overdraft, the client should have worked in the company for at least 4 months and have a positive credit history. "To execute an overdraft on Piraeus Bank salary card, one should visit the bank’s branch with a passport, an identification code and statement of earnings for the last 6 months – Olexiy Panov, Piraeus Bank manager of cards division, said. –One can use the overdraft funds in trade networks in non-cash payments, or when withdrawing cash from ATMs. In addition, the client can order an SMS-inform and be aware of all transactions carried out by using the card and get information about overdraft debt as of the 1stday of the month following the month of using the overdraft funds. "
Olexiy Panov, Piraeus Bank in Ukraine manager of cards division: "One can use the overdraft funds in trade networks in non-cash payments, or when withdrawing cash from ATMs and making transactions via Internet service "Piraeus Online Banking"
Information about the amount of the overdraft and the total amount available for use is printed on the ATM receipt. A client can use the overdraft for cashless transactions while using the free Internet service "Piraeus Online Banking".
Note. Piraeus Bank is one of the major banking institutions of Southern and Eastern Europe with assets of EUR 57.7 bln and total equity of EUR 3.5 bln (as of 30.06.2011). Established in 1916, Piraeus Bank today has presence in Greece, Ukraine, Romania, Bulgaria, Albania, Egypt, Serbia, Cyprus as well as in the world financial centres of New York and London. Piraeus Bank S.A. leads Piraeus Bank Group, which consists of 10 banks and 21 companies covering the entire range of financial services.
In Ukraine Piraeus Bank provides a full range of banking services to individuals, small and medium enterprises and corporate clients. Business lending and mortgages are the bank’s priorities.
Piraeus Bank is a member of Association of Ukrainian Banks, Forum of Leading International Financial institutions (FLIFI) participant of the Fund of Guaranteeing the Deposits of Individuals. The Bank is also included in the list of banks authorized by the Pension Fund of Ukraine to make payments of pensions and financial assistance.
Piraeus Bank has the highest rating of deposits reliability provided by “Credit-Rating” Agency (grade “5”; last update took place on 06.09.2011), that shows the bank's capacity to make payments on existing deposits timely and in full. The Bank has «uaA» long-term credit rating with the forecast "stable" provided by “Credit-Rating” (updated on June, 21 2011). This long-term rating belongs to the group of investment ratings that is one of the highest ratings given to banks operating on the Ukrainian market.
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