If you always would like to have available cash in your bank payroll account, you can now benefit from ALPHA BANK’s new ''Alpha Epipleon'' Overdraft programme and never worry again of whether you have enough cash in your account at the end of the month. This programme actually adds a revolving limit to your Alpha Premier or Alpha Payroll Scheme Privileges account, which is always available for you to use it when and if you ever need it.
Example: if you need an additional Euro 270 off your bank account for 10 days, you can now overdraw and your charge will be less than Euro 1*.
Overdraft limit: From Euro 600 to Euro 3000
Interest rate : Depending on your bank account type, as follows:
For ''Alpha Payroll Scheme Privileges'' accounts, nominal interest rate 0% for up to Euro 100 and nominal interest rate 11.25% for amounts over Euro 100, (plus the contribution of law 128/75, 0.60%)**
For ''Alpha Premier'' payroll accounts, nominal interest rate 11.75% (plus the contribution of law 128/75, 0.60%)***
If you want to calculate how much it will cost you Press here
Submission of an application form: You can apply through the 405 Branches of Alpha Bank or by calling 801 – 11 – 701 – 801, having with you:
For overdraft limit up to Euro 900, your identity card or any other identification certificate.
For overdraft limit over Euro 900, your identity card or any other identification certificate and your tax statement for the latest fiscal year.
Way of servicing: Interest is charged on a quarterly basis in the case of Alpha Payroll Scheme Privileges accounts or every semester in the case of "Alpha Premier" accounts, directly to the related bank account. The payment of the amount and/or interest can be effected by a simple deposit in your account through the Automated Cash Transaction Centres (ACTC), the ATM, through Alpha Web Banking or at the Alpha Bank Branches' counters.
Total Annual Cost: * The charge less than Euro 1 is calculated with a nominal interest rate of 12.75%, plus the contribution to law 128/75 (today 0,60%) the Total Annual Cost amounts to 13.35%. ** For nominal interest rate 12.75% the Total Annual Cost amounts to 13.35%.