FNB Overdraft – There is nothing as embarrassing as having a transaction declined because of lack of funds. To avoid this make use of the FNB overdraft.
The FNB Overdraft is a short-term credit facility available to existing FNB clients with an active FNB cheque account to cover unforeseen expenses. You can also have it as a safety net in case of emergencies as you will be able to have access to funds. The amount of overdraft you will get will depend on your individual credit profile.
When you apply for an FNB Overdraft, the facility becomes immediately available after approval. The beauty of the facility is that you only pay for it when you use it. In circumstances where you don’t make use of it you are not charged anything. A monthly fee is only charged if more than R200 of the FNB overdraft is used.
Even though you might not use it for some months the facility is good to keep as you will never know when an emergency will come. When you do use the facility there is no stipulated monthly repayments as long you are within agreed limits and you have regular deposits getting into your account.
When you are given a limit you are not allowed to spend above that limit. Any attempts to do so will result in transactions being declined.
The FNB Overdraft is available to both individual and businesses. For businesses it can assist with cash flow challenges which affects most businesses. For individuals it gives them financial flexibility and peace of mind knowing that you have this facility to meet unforeseen expenses.
If you are an existing FNB customer with a cheque account make use of this facility and start enjoying the benefits. For those that are not FNB customers why not open a FNB cheque account and start enjoying these benefits too.
Application can be done online in simple process. You could also complete the call me back form online, call FNB on 087 575 9404 or visit your nearest branch.
Documents Required To apply For A FNB Overdraft
- South African ID book
- Proof of residence
- Consent from the spouse if you are married in community of property
- Proof of income 3 months payslip
For more information on the FNB Overdraft visit www.fnb.co.za or call 087 575 9404