Flexidebit

Flexidebit is an authorized overdraft in your VÚB account. In this way, you can simply get funds whenever you need them.

4 benefits provided by Flexidebit

  • you have access to money 24 hours a day, 7 days a week
  • you can overdraw your account
  • you pay interest only on the drawn amount
  • you repay only when it is convenient for you

You do not need any guarantee to take out Flexidebit.You can draw money from Flexidebit through ATM withdrawals, cash withdrawals at our branch or through payment with your debit card. You can use Flexidebit to pay for unexpected expenses, to shop or for any other purpose. You do not have to document the purpose of use.
You will repay the authorized overdraft as soon and in such amounts as it is convenient for you. Any deposit credited on your account automatically reduces the amount of drawn Flexidebit and thus you can use the money again.
If you are interested visit one of our branches.

FAQ

I need small amount to overcome the lack of money until the next salary, how can the bank help me?

If you are a client with VÚB account, VUB Bank can provide you with the so-called personal credit line after you have met conditions. It is an approved loan framework which you can draw in the form of a consumer loan, an authorized overdraft or a credit card. The bank determines the amount of the loan framework on the basis of your behaviour in the account (the bank evaluates your revenues and expenditures). If you are such client, the loan will be approved for you at a branch office while you wait. You even do not have to visit a branch, since you can get the consumer loan as well as an authorized overdraft easily through Internet Banking, and you will get 50% discount on the up front fee. With the personal credit line, you will get a consumer loan with favourable interest rate.

What are the advantages of an authorized overdraft?

The advantage is that when Flexidebit is included in VÚB account as a component, there is no up front fee and fee for drawing. Unlike other loans, a separate loan account is not necessary. Since its maintenance is free of charge, the authorized overdraft is ideal as a financial reserve. The authorized overdraft is very effective - the client starts drawing the loan only after own funds in the account have been drawn and the owed amount is repaid with each payment credited to the account. The authorized overdraft also provides simple access to money - you can withdraw cash at a branch office or in ATM, or you can use the authorized overdraft when paying with a card at a retailer.

What is an authorized overdraft? How can I apply for an authorized overdraft for my account? How is it repaid?

An authorized overdraft or Flexidebit is basically a loan limit which is set in your personal account. With the authorized overdraft, you will simply get funds that are always available to you. You can apply for an authorized overdraft personally at any branch of VUB Bank.

Through the Kontakt service , we will arrange a meeting at a branch at the time that is most convenient for you. We will set the authorized overdraft limit on the basis of submitted documents on your income or on the basis of income that will be credited to your account. Benefits of the authorized overdraft:

  • you have access to money 24 hours a day, 7 days a week,
  • when you have drawn all of your funds, you can draw funds of the bank, i.e. there will be negative balance in your account,
  • you pay the interest only on the drawn amount - not on the total limit set on the account,
  • you pay the interest only for the number days, in which the amount was lent to you,
  • you repay only when it is convenient for you - there are no mandatory repayments.

You can draw money from the authorized overdraft/Flexidebit through ATM withdrawals, cash withdrawals at a bank branch or when you pay using the card issued for your account.

You can use Flexidebit to pay for unexpected expenses, to shop or for any other purpose. You do not have to document the purpose of use.

You will repay the authorized overdraft as soon and in such amounts as it is convenient for you. Each deposit or payment credited to your account automatically decreases the drawn amount and you therefore have the money from the overdraft limit at your disposal again. When drawing the authorized overdraft limit, you will pay interest only on the amount actually used from the authorized overdraft limit, and only for the number of days in which the given amount was drawn. In order to actively use the authorized overdraft limit, it is necessary that your regular monthly income amounting to at least the half of your limit is sent to your account (e.g. in order to set the EUR 2,000 limit it is necessary to have income amounting to at least EUR 1,000 sent monthly).

If you decide to visit a branch, we will be happy to arrange a personal meeting in a branch of your choice. Just send us your account number and the branch (town) you wish to visit. Branches in selected towns are open also over weekends. The list is available on our website http://www.vub.sk/kontakt/pobocky. If you have further questions, you can contact us through the Kontakt service at phone number 0850 123 000 (from abroad +421 48 414 1212), via e-mail at address kontakt@vub.sk or personally at any branch of VUB Bank.

I have received an offer to increase Flexidebit, what does it mean?

Flexidebit increase means that we will increase the authorized overdraft limit for your account, so that more funds are available to you. A higher limit does not mean highest fees for the interest rate, because you pay interest only on the amount really used from the authorized overdraft limit, and only for the number of days in which the given amount was drawn.




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