Personal Overdraft Facility of CAYMAN ISLANDS Bank


  • 5,000 $ in overdraft facilities assigned typically
  • Overdraft facilities are based on net monthly salary of the customer and must be paid once a month
  • There is an annual fee for Bank Account
  • If an account is found in any month, the customer pays interest at the normal rate, days of overdraft charges that were actually used, or at least every month, whichever is greater of money found
  • All deposits to the customer’s account is automatically added to the outstanding overdraft. If customers use Instant Teller with insufficient credit funds, these funds are automatically included in the withdrawal limit mechanism discovered until Account
  • If the customer exceeds found that will pay interest


Check is OK, up to the agreed limit, even if the customer has forgotten to check account balance

To avoid this check are given for “NSF” (insufficient funds)

To avoid the customer’s credit record by check “NSF”

To avoid this, the transfer of money from a savings account to cover temporary liquidity shortage