Mastering spend management: Avoid gaps in cash flow with Pleo Overdraft

There’s nothing worse than needing to make a payment and finding out you don’t have enough cash to cover it, causing delays to essential business operations. 

You asked, we listened: Pleo Overdraft is here to give you financial flexibility when you need it most. 

In this blog, we’ll delve into what Pleo Overdraft is, how it differs from other options on the market, and how it can benefit your business. 

What is Pleo Overdraft?

Quite simply, a way to keep your cash flow flowing. Think of it as the safety net that helps you cover essential business spending, even if you don’t have the funds to hand. 

Pleo Overdraft can help you navigate gaps in cash flow and keep your business moving without worrying about missing crucial payments due to temporary cash shortages. You won’t need to stress about finding the money for unexpected spend, either. Whether it’s for advertising, unplanned travel or other unforeseen costs, get immediate access to extra funds with Pleo. 

Plus, you’ll be free to snap up growth opportunities when they arise, as Pleo Overdraft enables you to react quickly and seize new opportunities without waiting for free cash to become available.

Why choose a Pleo Overdraft?

• Spend without the stress: With access to extra credit, you can continue your daily operations without the risk of declined transactions due to insufficient funds.

• Interest-free: As long as you repay the balance by the end of the month, you won’t have to pay a penny in interest.

• Fully flexible: Pleo Overdraft can be used for all types of spending, like card payments and invoice payments.

• Easy to activate: Eligible customers can activate it from their Pleo Wallet page, with no lengthy approval waiting periods.

• Accessible at all times: Your overdraft is easy to track in the Pleo app, on web or mobile.

• Terms that work for you: The terms and conditions offered by banks are often complex and hidden. We’ve designed our terms and conditions to be completely transparent for our customers, to help you get the most out of your money.

Get started in just a few clicks

First, find out if you’re eligible by checking your Pleo Wallet page or getting in touch with your Customer Success Manager.

Repayment and costs

Repayments can be made in two ways. Either set up an automatic repayment via direct debit, or choose a manual repayment by loading your Pleo Wallet. 

If you repay the full amount borrowed by the end of each month, it’s completely interest-free. If you need more time to repay, you can opt for an extended repayment plan. This plan spreads the repayment over a longer period (up to 12 months) and applies an interest rate from 6% to the outstanding balance.

A modern credit solution for all of your business spend, designed with you in mind, Pleo Overdraft is a no-brainer for businesses who want the flexibility of being able to tap into cash when they need it most.

To experience the full benefits of Pleo Overdraft, activate it in just a few clicks in the Pleo app.