Overdrawal Facility

An Overdrawal is a temporary facility that gives a customer the right to withdraw a specified amount of funds over and above the Overdraft Facility limit in order to meet the unexpected seasonal working capital shortage. Overdrawal may be allowed for a maximum period of Thirty days and may be approved only twice in a twelve-month period.

Single Overdrawal amount should not exceed 20% of the existing Overdraft Facility limit or Birr ten million whichever is lower. The overdrawal is availed based on credit risk grade.