Do you want to have a bit of extra money available in your account should you need it? An
Absa Overdraft on your cheque account could be the answer.
With an overdraft you can bank on the following
Choose how you pay off your overdraft
A fixed facility with a limit that revolves and is reviewed each year. You can keep using the funds, up to your agreed overdraft limit, as long as you make regular repayments. At the end of your contract year, your limit is renegotiated.
A reduced facility with a limit that decreases as you pay it off each month. This is a good option if you know you’ll only need to borrow for a short while and prefer not to have a revolving limit.
A limit that revolves for an unspecified period. You can keep using the funds, up to your agreed overdraft limit, as long as you make regular repayments.