Overdraft: Your backup for unexpected costs

To apply for an overdraft, select the three dots on the right under your account balance. There you can apply for an overdraft under 'Overdraft'. The app will guide you through the application process.

Please read the information displayed in the app carefully and then tap on "Start request". Select your employment status and enter your monthly net salary. This will be used to calculate the overdraft facility. For the last step, confirm that you agree to an analysis by selecting 'Submit Request'. By agreeing to the analysis, you allow Solaris to query your current score with SCHUFA, as well as send SCHUFA notifications. In addition, your account transactions of the last 90 will be viewed. You can find more details directly in the app or here.

As soon as you have sent your request, it will be checked. The app will then show your available limit, interest rate, and other details. Read through all the legal documents in the app. After this, you can activate the overdraft.

The advantage of the overdraft is that, once it’s activated, you can use it flexibly and easily at any time. The application is free and you only need to pay interest in case that you actually go into the red.

If you need to pay or withdraw money but you don’t have enough money in your account, you automatically use the overdraft credit.

Depending on how much and for how long you need to overdraw your account, interest fees can get expensive very quickly. An overdraft has no repayment plan.

You should always check whether using the overdraft is the best solution to you.

The variable debit interest rate is 15% p.a.. As soon as your account slips into the negative, this interest rate is calculated on the overdrawn amount. The interest is collected quarterly, the term is unlimited.

Representative example according to § 17 PAngV: Net loan amount (credit line) 500 EUR, variable debit interest rate 15% p.a., interest charged quarterly, term unlimited, total amount to be paid, e.g. when using the entire credit line over a period of 1 month 6.25 EUR. The lender is Solaris SE, Cuvrystraße 53, 10997 Berlin, the credit broker is Tomorrow GmbH, Neuer Pferdemarkt 23, 20359 Hamburg.

If you would like to keep your account and only cancel the overdraft, please send an e-mail to support@tomorrow.one. If you want to cancel your overdraft and account, you can do this in the app under ‘Manage account’ → ‘Terminate account’.

In both cases, make sure that the overdraft is balanced.

No, activation and use of the overdraft for the shared account is not possible at this time.