Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 606 Fri. February 10, 2006  
   
Business


Eastern Bank offers debit card with credit facility


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The card will be accepted at all VISA accepting shops having electronic machine and 100 percent cash can be withdrawn through all VISA accepting ATM booths.