Benefits

Flexibility, superior management and safety!

Idea::overnight is a deposit that puts your money to work during the night, earning you additional cash for your business:

  • Flexibility
  • Superior cash management
  • Safety: the deposit is guaranteed by the Bank Deposit Guarantee Fund within the limits communicated by the Fund

Features

Capitalize on your account at the end of the day

Idea::overnight will help you capitalize on the cash in your Idea::Bank at the end of each calendar day.

  • Can be established every time you have cash available by using standard deposit contracts or based on a one-time convention valid for one year, further to which Idea::Bank establishes overnight deposits if you have the minimum amount available in your account.
  • If you choose to activate the Idea::alerts additional service, you will always stay up to date by SMS and/or e-mail on the current status of your accounts after transfers are made, or in other words you are notified when your money were put to work and when they returned to your account.

 

Costs and Interest

Fees charged upon setting up the deposit, during the deposit validity and upon maturity.

Interest:

  • the interest is variable, depending on your account balance

 

Fees:

  • There are 3 types of costs to be considered:
Deposit set-up fees:
  • Cash deposit fee: 0 lei
  • RON current account opening fee: 0 lei
  • EUR/USD current account opening fee: 0 lei
Fees during the deposit validity:
  • Deposit account management fee: 0 lei
  • Monthly current account management fee for a RON deposit: 15 lei/month
  • Monthly current account management fee for a foreign currency deposit: 2 monetary units/month
Fees upon deposit maturity:
  • Cash withdrawal (liquidation) fee upon maturity: 0.5 %
  • Deposit renewal fee: 0 lei

Useful information

See below useful information for depositors

Starting from 21.03.2016, standard interest rates for term deposits are valid for amounts up to 1 million euro or equivalent/client.

Idea Bank S.A. is a credit institution participating in the Bank Deposit Guarantee Fund in Romania, up to the maximum threshold notified by the latter (EUR 100,000). More details here: www.fgdb.ro

Please find below the information for depositors according to the provisions of Law no. 311/2015 on deposit guarantee schemes and the Bank Deposit Guarantee Fund.

 

How to apply

Open an Idea::overnight deposit in our branches or online

To set up an Idea::overnight deposit, you can either:

Apply for Overnight deposit

We will get back to you in no time!