Question 1

What is an ING Overdraft?

Accepted Answer

The ING Overdraft is a credit facility of minimum of 250,000 euros linked to your ING current account. To make sure you always have available funds to bridge temporary shortages in your liquidity.

Question 2

Period, repayment and interest

Accepted Answer

This credit facility is of unlimited duration. Your funds are always available immediately via your current account.

You can repay the amount at your own pace by transferring funds into your ING current account. You only pay interest on the total actually drawn. ING will calculate this interest on a quarterly basis and debit it automatically from your current account. The interest is tax-deductible as a business expense.

Question 3

Costs

Accepted Answer

You pay

a one-off study fee
a quarterly arrangement fee
a quarterly commission calculated on the credit granted
interest on the part credit used

Question 4

Interested in an ING Overdraft?

Accepted Answer

<ul><li><a href="https://assets.ing.com/m/7f43b54baec578c0/ING_KAS_EN.pdf">View the information sheet (PDF)</a>.</li><li><a href="https://promo.ing.be/ContactStrategyBusiness/?lang=en">Contact us</a>.</li></ul>