The solution that stretches your salary for unexpected expenses.

It is a credit solution that gives you immediate access to extra money in your current account, based on your salary being paid into that account, so you can deal with unexpected expenses.

Salary Overdraft Solution allows you to withdraw money, make payments and purchases for an amount above the available balance in your current account.

For example, if you have not yet received your salary and your available balance is €0, with this solution you can pay an unexpected health expense, pay for supermarket shopping and withdraw cash, up to the limit of Salary Overdraft Solution.

The limit is only assigned if there has been at least one salary payment into the current account in the last 2 months.

The limit results from the calculation of an average of salary payments into the account, rounded up in multiples of €50. The limit is only assigned if that average is equal to or above €300. Internal guidance states that the limit is assigned according to salary payments and rounded up, with a minimum of €300 and a maximum of €10,000.

The only way to change the assigned limit is through a change in the values of the salary payments into the account.

The available limit always considers the value of your latest salary, but it does not depend exclusively on that amount. This helps reduce the impact of fluctuations in salary value.

Yes. The credit limit is reviewed monthly according to the value of the salary paid into the account and the following rules apply.

• The review is based on the average salary paid into the account over the last 6 months 
• This average is rounded up and the assigned limit is always in multiples of €50 
• In months where the salary paid into the account is above 125% of the current credit limit, the value considered for the review will be 125% of the current credit limit 
• The limit is updated if the calculated credit limit is 20% higher or lower than the previously calculated credit limit 
• At the third month without salary domiciliation, the credit limit is removed. Internal material states that the limit is reviewed monthly based on salary payments and that loss of salary domiciliation leads to removal of the limit. 

No, bank transfers classified as social integration income, family allowance for children and young people, unemployment benefit, or sickness benefit are not considered salary domiciliation.

It is an add-on product to Salary Overdraft Solution that gives access to an emergency cash advance abroad, in case of loss or theft of your debit or credit card, up to the value of the credit limit. By subscribing to Serviço Protection Service you also get free credit protection insurance with the following covers.

• Involuntary unemployment for employees 
• Total temporary incapacity for work due to accident or illness 
• Hospitalisation for self-employed workers. Internal product documents explicitly describe Protection Service and these included covers. 

Compensation

• Monthly payment corresponding to 10% of the outstanding balance on Salary Overdraft Solution at the time of the claim, for each month of the claim situation 
• Maximum monthly limit of €750 for a maximum of 10 months, in case of Total Temporary Incapacity due to Accident and or Illness, Involuntary Unemployment or Hospitalisation of the Insured Person during the period of cover and lasting more than 30 consecutive days for Total Temporary Incapacity or Involuntary Unemployment, and 7 days in the case of Hospitalisation. Internal customer leaflet describes this monthly 10% payment and the €750 monthly maximum for up to 10 months. 

Price list 
Monthly payment of 0.95% of the Salary Overdraft Solution limit plus stamp duty, with a minimum of €3.95 and a maximum of €59.

Nothing. You only pay interest on the amount of the Salary Overdraft Solution limit that you actually use. Internal offer summaries and customer leaflets state that there is no cost unless the overdraft is used.

The accounts with Salary Overdraft Solution available are 18.25 Account, 26.31 Account, 100% Account , +351 Account, Dual Advantage Account, 100% Dual Advantage Account,  360º Account, Golden Key Account and 360º Dual Advantage Account.