With the purpose of making it easier for customers to repay their debts to the Bank, Credo Bank has introduced the process of automatic charge-off of funds from current accounts, therefore no additional action is required from you. Debts are automatically charged off only from customers’  current accounts, including overdraft accounts, within the limits of the sum exceeding the amount of the said overdraft. Automatic charge-off of debts is not carried out from a client’s unified current account and any kind of deposit account; in this case, you yourself must ensure that the amount is deposited onto the current account.

We kindly ask you to take into consideration the following: if the client’s debts and the amount on the current account are in different currencies, from 04/10/2022 conversion will be carried out at the rate of the automatic operations of CREDO Bank.

In case of any further information, feel free to call us at: *4242 or visit the service center at your convenience.