Eastern Bank offers debit card with credit facility
Star Business Report
Eastern Bank Ltd yesterday launched a new debit card, 'EBL DebitLine', with a collateral free credit facility up to Tk 1 lakh.K Mahmood Sattar, managing director of the bank, launched the product at a press briefing in Dhaka. He said customers will be able to draw money much beyond their account balance through the low-interest debit card. Sattar said this facility can be availed by salaried executives with minimum one-year experience and self-employed professionals with one-year practice. The minimum monthly income of salaried executives should be Tk 15,000 per month and for self-employed persons Tk 20,000. Customers will not need to pay any monthly installment for the card, but only a very minimum five percent of their month-end outstanding balance. The card will be accepted at all VISA accepting shops having electronic machine and 100 percent cash can be withdrawn through all VISA accepting ATM booths.
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