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Overdraft

Per Overdraft facility product detail banner

Sometimes you simply can’t avoid going over budget, and that’s when it helps to have an overdraft. It’s always there when you need it

Some of the benefits

Anytime access

Draw money whenever you need it from an overdraft that’s always available

Convenience

Change your limit via online banking, or at AutoPlus ATMs

Pay as you go

Pay interest only on the amount that you’ve used during the month

No fuss

Avoid minimum monthly repayments, with full settlement the instant your salary is paid
How it works
  • Your overdraft is a credit facility on the bank account your income is paid into
  • 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
  • Your overdraft can be insured, so whatever’s owed can be settled in the event of disability, dread disease or death
What it costs
  • Monthly service fees apply only to overdrafts over R 500
  • Fees are regulated by the National Credit Act and will never exceed the limits set by the Act
Changing your limit
  • Login to online banking, select ‘Overdraft’ and enter the amount you want
  • Send us a Call me back
  • Go to any AutoPlus ATM,  select ‘Other transactions’, go to ‘Loans/Overdraft’ and select ‘Overdraft’
  • Or speak to us at your nearest branch
What you need
  • A bank account with us*
  • R 8 000 minimum monthly income

*The overdraft facility isn’t available on AccessAccounts. 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
  • Changing your limit
  • What you need
  • Your overdraft is a credit facility on the bank account your income is paid into
  • 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
  • Your overdraft can be insured, so whatever’s owed can be settled in the event of disability, dread disease or death
  • Monthly service fees apply only to overdrafts over R 500
  • Fees are regulated by the National Credit Act and will never exceed the limits set by the Act
  • Login to online banking, select ‘Overdraft’ and enter the amount you want
  • Send us a Call me back
  • Go to any AutoPlus ATM,  select ‘Other transactions’, go to ‘Loans/Overdraft’ and select ‘Overdraft’
  • Or speak to us at your nearest branch
  • A bank account with us*
  • R 8 000 minimum monthly income

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

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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:

Managing your loans

The best way to stay on top of your debt is to keep it simple. Try these four tips for better debt management.

Managing your credit

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

Managing your bond arrears

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.

What we can do for you

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:

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