Piraeus Open Business Working Capital POS

The new flexible financial tool linked to the company's POS transactions.

 

Piraeus Business Open POS ensures

 
  • Effective management of the company’s fund through an account that operates as a Deposit Account as well as an Open Working Capital
  • Autonomy and Flexibility in transactions, 24/7, as it provides the ability for instant online funding via winbank
  • Automatic revolving, through direct credits from the POS, which provides the user with reduced interest costs and increased available funds
DESCRIPTION
  • The new flexible financial tool linked to the company's POS transactions.
REPAYMENT METHOD
Mandatory minimum monthly payment of 5% on the respective balance (interest and capital included)
  • Automatic repayment through the POS
  • or

  • Free payment of capital
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank
OTHER FEATURES
  • Ability to perform all of the company's payments through this account
  • Ability to use the account through winbank
DESCRIPTION
  • The new flexible financial tool linked to the company's POS transactions.
REPAYMENT METHOD
Mandatory minimum monthly payment of 5% on the respective balance (interest and capital included)
  • Automatic repayment through the POS
  • or

  • Free payment of capital
INTEREST RATE
Variable

Base Loan Rate (BLR) of Piraeus Bank
OTHER FEATURES
  • Ability to perform all of the company's payments through this account
  • Ability to use the account through winbank

Financing features

Purpose

Funding for Small and Medium Businesses and Professionals, with a turnover of up to € 2.5 million, for working capital against future receivables from POS sales

Amount

From €4.000

  • The amount of the limit will depend on the amount of the annual turnover of the POS, the turnover and the trading circuit of each company.
  • In any case, it can rise up to 40% of the turnover made by the company through POS in the last 12 months.

Type -Duration of Finance

Open Revolving Working Capital with annual renewal

Currency

Euro (€)

Interest Rate

Variable based on the Base Loan Rate (BLR) of Piraeus Bank

The interest rates are charged with the interest margin and the contribution of L.128 / 75, which currently amounts to 0.60% (or 0.12% where this is foreseen).
The customer's final interest rate is determined on the basis of an assessment of its Creditworthiness

Repayment

  • Minimum monthly payment of 5% of the outstanding balance
  • It is repaid automatically through transactions made by POS or free capital payment

It is noted that there is the possibility of free reuse of capital

Eligibility criteria

Business Debit Card

Corporate or personal card with no annual fee for the first year. Use it for transactions:

  • At ATMs
  • At easypay machines
  • At businesses featuring the VISA / VISA Electron logo

Additional features / benefits

  • Use via winbank
  • Free sending informative Business Alerts such as expiration of insurance updates, expiration of the limit, etc.

How to get it

In order to find out about Piraeus Open Business Working Capital POS as well as about the process of its acquisition :

Visit any Piraeus Bank branch

Find the nearest branch

Call 210 32 88 000