An overdraft is a good safety net to have in place to cover those unforeseen expenses that might occur. The Overdraft Debt Protection Plan offers you financial security should something happen to you. The Overdraft Debt Protection Plan covers up to R150 000 in the event of death or permanent disability and your minimum instalments for 6 months in the event of retrenchment or temporary disability.
By ensuring there are suffcient funds for all your debit orders
If you do not use R200 or more of your overdraft facility, you will not have to pay the monthly fee, creating the perfect safety net
You only pay for the time and amount the overdraft is used, saving you money on interest
You will always have instant access to funds up to your agreed limit
So you do not have to track or manage a separate account
In case of your death, permanent or temporary disability, or retrenchment
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