Banks offer credit lines for flexible borrowing

Banks offer "apertura di credito in conto corrente," a line of credit allowing customers to borrow funds when their account balance is insufficient, providing financial flexibility. This credit line, or "fido," enables customers to temporarily access funds beyond their current balance, covering unexpected expenses or bridging payment gaps, with repayment plus interest required. Banks assess applicants' financial stability before granting credit, considering income, employment, and existing debts. Both individuals and businesses can apply for this credit, but it's crucial to understand the associated costs, including interest and potential fees, and the risks of exceeding the credit limit or having the line revoked.