An overdraft is a credit facility loaded to your current account. This means that you have the convenience of borrowing on the same account that is used for your daily banking transactions.


  •  An overdraft provides you with cash for unplanned expenses.
  • An overdraft will provide you with the comfort of knowing that you have instant access to extra cash for emergencies.
  • You can use as much of your agreed overdraft limit as you need whenever you need it. The total limit is always available to you for use.
  • You only pay interest on the portion of your overdraft used in any given month.
  • The interest rate is linked to prime so that you receive the benefit when prime rates decrease.
  • No monthly repayment required. Only a deposit into your current account, preferably your salary.
  • You can take up a R500 overdraft limit with no Initiation fee and no monthly service fee, which can be used as a safety buffer on your current account.
  • Once you have an overdraft, you can conveniently increase or decrease your limit via any of Standard Bank's self-service channels.
  • You have the option of taking out insurance on your overdraft facility. This will give you peace of mind knowing that your loan will be settled in full in the event of disability, dreaded disease or death.

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