Current account overdraft

Special offer

You don't have an Overdraft yet?

Benefit from our special offer and avoid paying the set-up fee! (APR 10.47%).

Special offer "Overdraft for 0 PLN" (Limit w koncie osobistym za 0 zł) is valid till 31 January 2018.

Details are available in Special offers Regulations.

 

Information on loan cost

About

What is a current account Overdraft?

Current account overdraft are additional funds that you can use if your account balance reaches zero. Overdraft simply increases your available balance.

You can use the overdraft more than once - every amount deposited to your account renews the overdraft!

 

How does it work? It's easy:

If you have 5000 PLN of your own money on the current account and have an overdraft of 1000 PLN, you can spend 6000 PLN altogether.

You don't pay any interest if you use the overdraft for no more than any 7 days in a settlement month (APR 10.47%).

What are the benefits?

Extra money for extra expenses

Overdraft is a flexible way of financing your current needs, especially unexpected expenses:

  • use Overdraft when you need it and repay when you can
  • spend as you like - withdraw cash, pay by card or make transfers
  • you don't need to remember about repayment - any inflow of money renews the Overdraft
  • you don't pay any interest - if you use the Overdraft for no more than any 7 days/month (APR 10.47%).

How to apply

Do you already have a current account with us?

Apply for an Overdraft online, fill in the form for overdraft quickly and conveniently in Millenet.

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Transfer Overdraft to Bank Millennium

See how easy it is. Transfer Overdraft to Bank MillenniumContact with Advisor

Apply for Overdraft at a branch

Straight away during one visit Apply for Overdraft at a branchFind the branch

Useful information

See what you need to activate Overdraft

Do you want to use Overdraft in your account? Select a document according to your source of income.

  • Employment agreement / Contract of mandate / Author’s contract

    To apply for Overdraft, attach one of the following documents:


  • Business activity

    To apply for Overdraft, attach one of the following documents:

    • annual tax return and declaration from the Tax Office/ZUS/KRUS
    • revenue and expense ledger

  • Old-age pension

    To apply for Overdraft, attach one of the following documents:

    • bank account statement confirming payment of the pension for the last month
    • the last old-age pension slip
    • the last decision on old-age pension indexation
    • decision on awarding the old-age pension

  • Disability pension

    To apply for Overdraft, attach one of the following documents:

    • bank account statement
    • bank account statement confirming payment of the pension for the last month
    • the last disability pension slip
    • the last decision on disability pension indexation
    • decision on awarding the disability pension

  • Pre-pension benefit

    To apply for Overdraft, attach one of the following documents:

    • bank account statement confirming payment of the benefit for the last month
    • the last benefit slip
    • the last decision of the Labour Office/ZUS on benefit indexation
    • decision of the Labour Office/ZUS on awarding the benefit

  • Sailor contract

    To apply for Overdraft, attach one of the following documents:

    • contracts concluded with ship owners for a period of 12 months with confirmation of salary transfers
    • certificate from the Tax Office

Show all documents

Important documents

Any questions or doubts? Contact us

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Additional information

Information about the loan cost

Detailed information on the special offer and on the authorised overdraft limit, including information on set-up fee and interest rate, is provided in "Limit w koncie osobistym za 0 zł” special offer Regulations, General Rules of provision of banking services to individuals in Bank Millennium SA and in Service Price List - loan commissions, fees and interest rates, available in the Bank’s branches and on www.bankmillennium.pl. Detailed information on the personal account and cards to account can be found in the Service Price List and the General Rules Governing Provision of Banking Services to Individuals in Bank Millennium SA, available in the Bank’s branches and on www.bankmillennium.pl. Interest on overdraft used shall be collected every monthly settlement cycle for the following period: from the last day of the previous month until the last-but-one day of the current month. If the personal account overdraft was used for up to any 7 days in the monthly settlement cycle, interest shall not be accrued (this applies to personal account overdrafts up to PLN 150 000). If the overdraft was used for more than 7 days, interest shall be accrued for all the days of the overdraft and the accrued interest shall be collected on the last business day of the month. Prior to granting of the overdraft limit, the bank, each time, performs assessment of creditworthiness and credit capacity of an Applicant and, in justified cases, has the right to refuse granting of the limit. Minimum overdraft limit is PLN 500.

Representative example of overdraft limit with no set-up fee:
Annual Percentage Rate (APR) is 10.47%, total credit amount (without credit financed costs): PLN 5 756.79, total amount to be paid: PLN 6 332.47, variable interest rate 10%, total credit cost: PLN 575.68 (including: fee 0.00% (PLN 0), interest PLN 575.68, additional services PLN 0, including: insurance PLN 0, PLN 0 – fee for Konto 360° account, in case of booking minimum 1 000 PLN of external inflows on account and minimum 1 payment made with use of card issued to account/BLIK per month; otherwise, monthly account fee amounts to PLN 8, lending term: 12 months, throughout the term limit is fully utilised, monthly interest payment, repayment of principal in a single tranche at maturity. The above has been calculated as on 27.09.2017 on a representative example.