What Is a Business Overdraft?

The company's overdraft business is that after the enterprise obtains the credit line of Huishang Bank, Huishang Bank provides the company with short-term financing and settlement facilities in the form of overdrafts within the agreed accounts and agreed limits. When an enterprise has temporary funding needs and the balance of its deposit account is insufficient to make external payments, the overdraft of the corporate account provides financing facilities for the enterprise.

Company overdraft business

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Chinese name
Company overdraft business
Purpose
Provide short-term financing and settlement facilities
Features
Comprehensively determine the amount of overdraft business
Service object
Good reputation and normal business
The company's overdraft business is that after the enterprise obtains the credit line of Huishang Bank, Huishang Bank provides the company with short-term financing and settlement facilities in the form of overdrafts within the agreed accounts and agreed limits. When an enterprise has temporary funding needs and the balance of its deposit account is insufficient to make external payments, the overdraft of the corporate account provides financing facilities for the enterprise.
Features
According to the enterprise quota application and combined with the short-term credit granted to the enterprise by our bank, the overdraft business quota is comprehensively determined. When an enterprise requires that the amount of the overdraft account exceeds the deposit balance of the account, it shall be deemed to apply for the use of overdraft funds, and our bank will promptly meet the requirements for the settlement of corporate funds. The overdraft line occupies the short-term credit line of the credit line. The overdraft limit is approved once a year and is valid for one year.
Service object
Legal person with good reputation, normal operating conditions and standardized financial management. He opened a deposit account with Huishang Bank and obtained a certain credit line.

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