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Business Overdraft

BB Overdraft product detail banner

As a short-term credit facility on your Business Current Account, your overdraft is a quick and convenient way to free up your cash flow.

 

 

Some of the benefits

Working capital

Spend money when you need to with quick access to funds

Affordable credit

Only pay interest on the amount you used

Easy access

Draw directly from your account, without transferring funds

Convenience

Retain access to your overdraft even when you’re not using it
What you get
  • A cash-flow management tool for your business
  • Access to additional funds in between payments and collections
  • Fast access to funds for unforeseen circumstances
  • A short-term lending solution that’s available whenever you need it

See  T&Cs  for Business Lending Juristic in NCA
See  T&Cs  for Business Lending Juristic outside NCA
See  T&Cs  for Business Lending Natural In NCA

How it works
  • You need a Business Current Account to qualify
  • Overdraft limits are based on needs and affordability
  • You withdraw funds straight from your account
  • Interest is only charged on the balance used
  • The overdraft is repaid as money enters your account
  • Your overdraft is payable on demand and reviewed every year
What it costs
  • 1.26% once-off (fee of approved limit)
  • R 69.00 monthly fee

 Pricing guide

How to get it

If you already have a Business Current Account

  • What you get
  • How it works
  • What it costs
  • How to get it
  • A cash-flow management tool for your business
  • Access to additional funds in between payments and collections
  • Fast access to funds for unforeseen circumstances
  • A short-term lending solution that’s available whenever you need it

See  T&Cs  for Business Lending Juristic in NCA
See  T&Cs  for Business Lending Juristic outside NCA
See  T&Cs  for Business Lending Natural In NCA

  • You need a Business Current Account to qualify
  • Overdraft limits are based on needs and affordability
  • You withdraw funds straight from your account
  • Interest is only charged on the balance used
  • The overdraft is repaid as money enters your account
  • Your overdraft is payable on demand and reviewed every year
  • 1.26% once-off (fee of approved limit)
  • R 69.00 monthly fee

 Pricing guide

If you already have a Business Current Account

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Need help?

Understanding your risk profile
Environmental
Environmental

Risk that mostly refers to the industry in which you plan to set up your business and your customers.

Financial
Financial

Risk that’s determined by the financial state of your business, and the security that you’re able to offer.

Management
Management

Risk that takes into account the skills, commitment and abilities of the owners and management of your business.

What you need to apply
What you need to apply

Knowing up-front the information we need from you will help your application process run as smoothly as possible.

Environmental

Risk that mostly refers to the industry in which you plan to set up your business and your customers.

Financial

Risk that’s determined by the financial state of your business, and the security that you’re able to offer.

Management

Risk that takes into account the skills, commitment and abilities of the owners and management of your business.

What you need to apply

Knowing up-front the information we need from you will help your application process run as smoothly as possible.