A multifunction charge transfer device that limits and controls a current and voltage to a circuit or load, comprising at least one input and at least one output electrode as the charging electrode (10a) and the discharging electrode (10b) respectively, both in the form of closed continuous electrical loops. The charging electrode (10a) and discharging electrode (10b) in the form of closed continuous electrical loops are arranged side by side so that the edges of the electrical conducting material and the dielectric material (11a, lib) forming each closed continuous electrical loop are in alignment. The two closed continuous electrical loops are separated by a gap (12) to prevent any electrical contact between them and so that the charging electrode (10a) and discharging electrode (10b) can only be coupled by the electrostatic field concentrated at the side of the closed continuous electrical loop forming the charging electrode (10a). The charging and discharging electrodes (10a, 10b) are each provided with connectors (13a, 13b) respectively as a means for connection to an electric circuit in series.