Standard Bank Overdraft
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 is 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 limits
- 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