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For example, a legal entity has an overdraft of 350 thousand rubles, of which 300 thousand were spent. The following month, the bank reduced the limit to 200 thousand. 50 thousand rubles were credited to the account. The debt was 250 thousand. The company thinks that it has another 100 thousand rubles that it can spend.

But this is not true. As long as the debt is greater than romania telegram database the new limit, all receipts to the account will automatically go to pay off the overdraft. The repaid funds can be used again. The limit is usually reduced if the client has committed any violations or the bank sees a decrease in turnover.

To prevent money from automatically going to pay off the overdraft, the company can open two accounts: one for receipts, the other for the overdraft. And thus it will decide when to pay off the debt. Mistakes when using overdraft Risky ways for companies to use overdrafts include: lend; repay loans, credits or interest on them; buy securities; invest funds in the authorized capital of your own or someone else's company; transfer money to other accounts within the bank or to other banks.

Advantages and disadvantages An overdraft helps a business avoid falling into debt to suppliers and employees while there is insufficient money in the account. In addition, the advantages of overdraft lending include: the ability to use the provided limit multiple times; interest is not calculated on the entire limit, but only on the amount spent - while with a regular loan, interest is calculated on the entire amount; availability of the product without collateral or guarantee; small amount of overpayment, since the overdraft is issued for a short period.