Overdraft
Get an Overdraft or increase your existing limit online.
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
Increase limit online
Pay as you go
No fuss
- 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.
-
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%.
The best way to stay on top of your debt is to keep it simple. Try these four tips for better debt management.
Credit empowers you to buy what you want when you need it, but it requires careful management to keep your credit record in good standing
Missing the payments on your bond can quickly result in losing your home. We can relieve your financial stress by helping you settle your bond through an early sale.
Instead of recommending generic solutions that may or may not be right for you, we prefer to understand your unique situation. Some of the solutions offered through our Debt Care Centre include: