OREANDA-NEWS. September 02, 2008. JSCIB “UkrSibbank” offers its customers an innovation product - “Multicurrency direct debit”, reported the press-centre of UkrSibbank.

“Multicurrency direct debit stands for a customer’s order to the Bank for automatic and regular debiting of term and overdue debt to the current account in national or foreign currency including performance of transactions at Ukrainian Interbank Currency Market/Interbank Currency Market, if needed, told Vladlen Dyedkov, Head of SME Department of JSCIB “UkrSibbank”. This option enables the provision of automatic timely payment of term and overdue arrears on the loan agreement at the expense of account balances in the currency different from the currency of the loan.”

The advantages of Multicurrency direct debit are as follows: Positive credit history:

timely payment of outstanding debt on the agreement prevents the origination of overdue arrears.
Multicurrency: the option of automatic repayment of a loan debt from current accounts the currency of which differs from the currency of the loan.

Decrease of operational risks: Payment details are specified and checked by the customer in advance at signing of loan agreement / supplementary agreements.

Saving time and money:

The number of payment orders made by the client (in hard and soft copies) gets down;
Opportunity to choose convenient time for visiting the Bank in order to pay in the current account.