How do I Get a Cash Advance Directly into my Savings Account?

The legal person account overdraft business refers to the short-term financing and settlement facilities provided by the bank to the enterprise in the form of overdraft within the agreed account and agreed limit after the enterprise obtains the bank credit line. When an enterprise has temporary funding requirements and the balance of its deposit account is insufficient to make external payments, the overdraft of the corporate account provides the enterprise with the convenience of active financing.

Corporate account overdraft

Corporate account overdraft business refers to obtaining a bank in a company

Corporate account overdraft

1.Currency: RMB, USD,

1.and general

With good reputation, normal operating conditions, and standardized financial management, opened a deposit account with the bank

1. The borrower is a domestic legal person established with the approval of the State Administration of Industry, registered with the industrial and commercial administration, obtained a business license of an enterprise legal person, and passed the annual inspection;

2. Large scale of operation, good business performance, strong market influence, and good market development prospects;

3. Good reputation without any bad business

1. The loan application, which outlines the company's profile, the overdraft limit, currency type, term, purpose, overdraft repayment source, guarantee, and repayment plan, etc.

2. Business license, legal person code certificate, loan card / certificate of the enterprise legal person that has undergone annual inspection;

3. Articles of association and / or joint venture (cooperative) operating contracts;

4. Certificate of legal representative and / or power of attorney of legal person;

5. The board resolutions and authorization letters and sample signatures of the board of directors who agree to open the account overdraft business;

6. Audited financial statements for the past three years and recent months or certificate of capital verification of registered capital of newly-built enterprises;

7, the establishment of deposit accounts, including the bank, account number, balance,

1. Submit your application. The client submits an application for a corporate account overdraft and the relevant information required by the bank to the bank that has an overdraft business for the account holder. (When the client applies for a new corporate account overdraft business in the future, if the materials listed above have been provided to the bank and have not changed, they may not be repeated provide.);

2. Pre-loan evaluation. The bank conducts pre-loan investigation and evaluation, investigates the applicant's credit rating, and the legality, security, and profitability of the application, verifies the situation of the collateral, pledge, and guarantor to form an evaluation opinion. The bank will carry out internal evaluation procedures if it meets the preliminary examination conditions for overdraft business of the bank's legal person account; if it does not meet the requirements, the bank will reply in a timely manner and return the relevant information;

3. Sign the contract. After the bank's review and approval, the customer signs the Account Overdraft Contract and other related guarantee contracts with the bank;

4. Implement the guarantee. After signing the "Account Overdraft Contract" with the bank, the client needs to implement third-party guarantees, mortgages, pledges, and other guarantees, and go through the procedures for registration of guarantees, notarization or mortgage insurance, and pledge of deposits to banks.

Charges

The bank collects the overdraft commitment fee on an annual basis at a certain percentage (not more than 0.3%) of the overdraft limit given to your business. The specific overdraft interest rate and overdraft support fee are determined by the bank and you through a contract.