Overdraft

• No minimum monthly repayments are necessary, as the facility is topped up when your income is deposited into your account
• You only pay interest on the amount you’ve used during the month
• Monthly service fee: R69
• Monthly service fees only apply to Overdrafts over R500
• Once-off initiation fee: Up to R1 207.50 (VAT included), depending on your Overdraft amount
• Personalised interest rate

On Internet Banking:

• Sign into your Internet Banking profile
• Navigate to Transact and select Manage to increase your limit

On the Banking App:

• Sign into your Banking App
• Tap on your transactional account widget
• Scroll down until you see the Overdraft tile
• Click “Increase limit” and follow the steps

If you’re a Standard Bank customer:

• You can apply on this page, by clicking ‘Apply Now’
• You can apply for an Overdraft on our Banking App:
  • Sign in and tap on your transactional account widget
  • Scroll down until you see the Overdraft tile (Only visible to customers who qualify)
  • Click “Apply” and follow the steps
  • Accept your offer
• You can apply for an Overdraft via Internet Banking:
  • Sign into Internet Banking
  • Click on the “Borrow” tab
  • Complete the affordability assessment and follow the simple steps
  • If your Overdraft has been approved, you will receive a final offer
  • Accept the offer
    
    Or
  • Select “Manage” on your transactional account on your dashboard
  • Select “Overdraft Limit”, then click “Continue” and follow the prompts
    
    Or
  • Click “Transact” on your Internet Banking home screen
  • Select “Manage” then click on “Overdraft Limit”
  • Follow the prompts to unlock your overdraft facility
    
    Or
  • Click "Profile & Settings", select 'Overdraft Limit'
  • Click "Continue" and follow the prompts
•  Call us on  0860 123 000 , or
• Visit your nearest branch

If you’re a non-Standard Bank customer:

•  Open a transactional account* to access our credit facility
• You’ll need a minimum monthly income of R8 000
• You can:
  • Apply for a bank account online, or
  • Call us on   0860 123 000, or
  • Visit your nearest branch

^{*The overdraft facility isn’t available on Access Account. You must be over 18 to apply.
*Approval is subject to credit checks and Financial Intelligence Centre Act (FICA) requirements.}