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Overdraft

Get an Overdraft or increase your existing limit online.

Per Overdraft facility product detail banner
Increase your Overdraft limit

Already have an Overdraft with us and want to access more funds?
Simply click on the link below to increase your limit.

Our Overdraft facility gives you instant access to additional funds when you need them the most; putting financial freedom in your hands.

What our Overdraft can do for you

24/7 access

Access money whenever you need it from an Overdraft that’s always available and linked to your bank account

Increase limit online

Enjoy the flexibility of your credit facility as you have the option to change your limit via Internet Banking or the Banking App

Pay as you go

Only pay interest on the amount that you’ve used from your facility during the month

No fuss

Avoid minimum monthly repayments, with full settlement the instant your salary is paid and the ability to access money again
How it works
  • You can apply for an Overdraft on our Banking App or via  Internet Banking 
  • Once approved, it will be linked to the bank account your income is paid into
  • You can increase or decrease your Overdraft limit on the Banking App or Internet Banking, depending on your needs
  • Your Overdraft can be insured for disability, retrenchment, dread disease or death
What it costs
  • 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
Increase your limit

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
How to get it

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.

  • How it works
  • What it costs
  • Increase your limit
  • How to get it
  • You can apply for an Overdraft on our Banking App or via  Internet Banking 
  • Once approved, it will be linked to the bank account your income is paid into
  • You can increase or decrease your Overdraft limit on the Banking App or Internet Banking, depending on your needs
  • Your Overdraft can be insured for disability, retrenchment, dread disease or death
  • 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.

The maximum loan amount is R200 000. No minimum monthly repayments apply. The facility is topped up when your income is deposited into your account. The monthly service fee is R69 and the once-off initiation fee depends on the loan amount, ranging from a minimum of R86.25 to a maximum of R1207.50 (VAT inclusive). Our interest rates are personalised and range from a minimum of prime plus 1.5% to a maximum of prime plus 10.5% as per the NCA regulation. The Annual Percentage Rate (APR) for your personal loan is a maximum of prime plus 10.5%.

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