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Overdraft
Riyad Bank’s Overdraft facility gives you access to extra money which can assist with your businesses cash flow to suit your circumstances.
overview
Overview
The Overdraft facility from Riyad Bank allows you to spend cash, up to an approved limit even if there is no enough money in your business current account.
An Overdraft is an uncommitted facility and can be made available at the banks discretion. It is specially designed to give you the comfort of knowing there are extra funds available to you whenever you need it.
You can use your Overdraft facility to write cheques, make payments or withdraw cash.
- Provides extra working capital
- Covers for unexpected payments
- You have access to the funds 24/7
- It is a flexible form of borrowing
- All Riyad Bank customers are eligible
Read more
HOW TO APPLY
How to Apply
Existing Riyad Bank customers can apply through the Relationship Manager.
New customers can apply through the nearest Riyad Bank Corporate Branch.
Read more
Rates & FEES
Rates & Fees
* The table is an example, and the annual percentage rate varies according to the amount and the credit evaluation of the activity in addition to the period and method of payment.
* Overdraft profit value is calculated on monthly bases, and there are no fixed installments.
* Overdraft profit value is calculated on monthly bases, and there are no fixed installments.
Product
Annual Percentage Rate (APR)
Administrative fees
Administrative fees Min or Max Limit
Working Capital Finance
2% to 15%
0% to 5%
-
Apply Online- Overdraft
Extra money facility.
Riyad Bank’s Overdraft facility gives you access to extra money which can assist with your businesses cash flow to suit your circumstances.
Riyad Bank’s Overdraft facility gives you access to extra money which can assist with your businesses cash flow to suit your circumstances.
Please complete the form below
Thank you for applying. Your Reference Number is
A representative from Riyad Bank will contact you to complete your request.
Keeping in mind that a current account is required to obtain any product or service from Riyad bank, if you do not have one yet, you can open an account from
here
Need help?
Riyad Line:
800 124 2225
