POS financing

You cover your working capital needs in relation to the volume of transactions you carry out through the use of your business's POS or e-commerce.

Boost the liquidity of your business

Purpose of funding:

Flexible financing program tailored to your business requirements since it operates with an overdraft limit linked to the company's current account, through which the limit is moved. 

Amount of funding:

From €6.000 to €35.000 and up to 50% of the business's transaction volume of the last rolling 12 months - at the assessment date - via POS.  

Method of repayment:

Based on the repayment plan that suits your needs, you can choose between:

  • POS financing via Overdraft Business Overdraft
  • POS financing through an Open Professional Plan (OPP)

 

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Testimonial Card 1

NBG's digital transformation always takes mature and stable steps. This way it becomes a catalyst for us, aiding our operations.
Gianna Ioannidou
Managing Director at All Web Solution SA

POS financing in 3 steps

Step 1: Apply at any NBG Branch.
The first step is to visit a branch to get information, provide the necessary documents and submit your application.
Step 2: We assess your application
After studying your documents, we will carry out a credit check on your business.
Step 3: We disburse your funding
If your application is approved, you will need to visit the branch to sign the financing contract. Immediately after signing the financing agreement, the approved amount is disbursed to your current account with NBG.

Detailed information

The product is available exclusively to businesses already in contract with the bank that accept as a means of payment the credit/debit/prepaid card of their customers from a POS device of the National Bank of Greece.

You choose the product that suits you according to the method of payment that suits you: 

  • POS financing through Business Overdraft: 
    The authorized limit is used through a current account, which acts as a service account and in which POS transactions are settled, creating a credit balance. If a credit balance is available, it is drawn down to reduce the debit balance of the limit daily. Any unused credit balance is at the disposal of the business. 
  • POS financing through an Open Professional Plan (OPP):
    The authorized limit is used through a current account, which acts as a service account. POS transactions are settled in a different (from the service account) current account, which acts as a feeder account. 
    At the end of each month (last working day), an installment is calculated, equal to the monthly interest plus 10% of the debit balance of the limit. On the last working day of the month following the installment calculation, there is an obligation to pay the total amount of the installment, which is systematically sought to be collected from the feeder account. If the balance is insufficient, the amount shall be sought from the service account. 
It is noted that the relevant administrative costs will have to be paid for both current accounts. 

Only contractual securities.

The costs you will need to pay are €300 per year.
Expenses will be debited for the first time to the account concerned in the month in which it has a debit balance and after that on each annual anniversary of the opening of the account, irrespective of the existence of a debit balance. 
 
Up to 1 year with the option to renew. 
When assessing the limit renewal, the volume of POS transactions of the business through the bank will be checked.
 
An informative monthly statement is issued for your company's account activity and is provided free of charge.

Discover more financing solutions

Get access to more financing solutions for your business, such as Leasing.

Learn more

Digital Banking is now simpler than ever

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Manage your accounts and cards easily, quickly and safely using our app.  Keep on top of your finances, take advantage of smart alerts and a host of online options such as getting accounts, cards, insurance products or an Express loan.
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