Under this service model, CMB allows an overdraft on the settlement account within the preset overdraft limit if the account lacks deposit funds for payment.
Service Model
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A revolving yearly credit limit with a maximum term of one year;
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Borrow and repay at any time;
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Overdraft term of up to six months.
Features
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Meets customers’ temporary funding requirements;
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Enables enterprises to strengthen financial management;
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Reduces the amount of idle funds for enterprises.
Note:
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.