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.
INTEREST RATE
Variable
13,55%
LOAN TERM
Indefinite
LOAN AMOUNT
From €500

Up to €5,000
KEY ADVANTAGES
  • Security and immediate access to cash
  • Cash for emergencies & automatic payment of utility bills
  • Direct repayment with every deposit to your account
INTEREST RATE
Variable
13,55%
LOAN TERM
Indefinite
LOAN AMOUNT
From €500

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

Advantages

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 210 32 88 000, 24/7


    Features

    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.



    Repayment

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

    How to get it

    To learn more about the Payroll Overdraft Limit and apply for one:

    • Visit any Piraeus Bank branch
    Find your nearest branch

    Find out the supporting documents you need to provide to us in case you are not a Piraeus Bank’s customer or even if you are a Piraeus Bank’s customer and the identification documents you have provided to the Bank may not be valid as they are outdated.