Via www.ing.beApply for an arranged overdraft
Manage your negative account balance with the ING Cash Reserve.
Unexpected expenses out of the blue? Relax. An arranged overdraft ING Cash Reserve gives you the flexibility of an overdraft on your current account of 1,250 euros or more. Just the ticket when you need temporary access to extra funds.
You can withdraw money from your current account, up to the maximum limit allowed by your arranged overdraft ING Cash reserve. It's simple and practical.
€1,250 or more
You decide the maximum limit on your arranged overdraft yourself, with a minimum amount of €1,250.
You decide how quickly you pay back your arranged overdraft*.
You only pay the interest on the negative balance. If you do not use your arranged overdraft, you do not pay a thing!
The arranged overdraft ING Cash reserve is linked to your ING current account. It enables you to go overdrawn on your current account up to a maximum approved amount.
Are you a private individual aged 18 or over? Do you hold a current account for your personal use? If so, you can apply for an arranged overdraft now, and manage your budget with greater flexibility, particularly when unforeseen expenses strike.
You only pay interest on any negative balance. You set up a arranged overdraft but you never overdraw your account? Your arranged overdraft will not cost you a thing!
And repayments? You decide when and how much to repay yourself. You can therefore manage the reserve at your own pace. The only restriction: your arranged overdraft ING Cash reserve is legally required to be paid off in full at least once a year, for amounts of 3,000 euros or less. Above this level, full repayment of the negative balance on your current account must be made once every 5 years.
When you open your arranged overdraft, you choose:
You are then free to withdraw money from your current account until you reach the maximum limit of your arranged overdraft ING Cash reserve.