Who is eligible to request the Overdraft facility from Standard Bank?
Eligibility for the Standard Bank Overdraft facility is straightforward: all you need is an active Standard Bank current account, be at least 21 years old, and earn a minimum gross income of R3,000 per month.
With an Overdraft facility, you gain access to additional funds when you need them most, providing financial flexibility and peace of mind. And in this case, you can do so fully online, which is even better!
Whether it’s covering unexpected expenses or bridging gaps in your budget, an Overdraft ensures you’re prepared for life’s uncertainties. Plus, with pay-as-you-go interest and the ability to adjust your limit online, managing your finances has never been more convenient.
Required documentation
✔️ID book
✔️ Proof of residence
A tip for you!
It’s important for you to truly understand how overdraft works. An overdraft functions by being directly linked to your current account, enabling you to borrow money seamlessly through your everyday banking transactions. This eliminates the need to juggle multiple accounts or transfer funds between them.
Acting as a revolving facility, your credit automatically replenishes as you repay it, making it an ideal solution for addressing temporary cash flow issues, unexpected expenses, or emergencies.With an overdraft, you have the flexibility to set your “borrow limit,” dictating the additional amount you can spend beyond your available funds.
This gives you complete control over your borrowing, allowing you to manage your finances effectively and stay within a manageable limit. Say goodbye to worrying about overspending – an overdraft ensures you have financial freedom and security!
How to request the Overdraft from Standard Bank?
If you are a Standard Bank customer, all you have to do is apply through the Standard Bank website or via app! If you aren’t a Standard Bank customer you will firstly need to Open a transactional account to access our credit facility. For both cases, click on the button below to be redirected to the official Standard Bank website and start your process!
