TEB Overdraft — for when you need that little bit extra
Unexpected bills or essential purchases can put pressure on your company finances. As TEB knows business, we know that a business overdraft can help smooth the process of making a variety of payments when the business is facing short-term liquidity problems.
A Business Overdraft is connected to your current account and can be accessed instantly, also through your Business e-Banking facility.
The overdraft limit is allocated in advance, based on your business’s financials. We offer overdraft facilities for periods up to 12 months. Renewal depends on use and your business’s ability to achieve positive balance during its tenormaturity. It minimizes your borrowing costs as you pay only for the utilized amount and the utilized time – another TEB product that is helping business grow.
If you would like to know more about the TEB overdraft facility, we invite you to visit one of our branches and discuss your needs with a portfolio officer.