Payroll Overdraft Limit

The Payroll Overdraft Limit offers liquidity to anyone receiving a salary or pension through Piraeus Bank account. It automatically increases the balance of their account to cover personal and consumer emergencies.
From €500

Up to €5,000
  • Security and immediate access to cash
  • Cash for emergencies & automatic payment of utility bills
  • Direct repayment with every deposit to your account


Immediate access to cash

The Overdraft Limit offers you immediate access to an approved amount up to one net salary, so that you can cover emergencies in cash. You can use all or part of it when you run out of money in your current account.

How to use the Overdraft Limit

You can use the Overdraft Limit:

 1.  To make transactions using your Visa Debit card, such as:

    • Withdraw cash from Piraeus Bank branches and ATMs or ATMs of other banks (DIAS)
    • Shop in Greece or abroad

 2.  To automatically pay utility bills and other payments through your current account

    Zero expenses

    The Payroll Overdraft Limit is issued at no cost.

    Easy repayment

    The Overdraft Limit is repaid automatically with deposits to your account. You do not have to pay a set instalment by a specific date.

    Instant quote

    Learn more about the Overdraft Limit:

    • Visit any Piraeus Bank branch
    • Call us on 18 218, 24/7

    Service every step of the way

    Our experts will explain your options and the procedure. They will help you apply for and monitor your loan.


    Overdraft limit

    From €500 Up to €5,000.

    Interest rate

    The interest rate is variable at 13,55%.

    Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0.60%

    See an example of the overall APR for the Payroll Overdraft Limit.

    Loan term

    The loan term for the Payroll Overdraft Limit is indefinite.

    Interest calculation

    Every 6 months, on 30/6 and 31/12.


    You do not have to pay instalments. The loan is repaid automatically with deposits to your payroll account.