Overdraft facility
Financial flexibility when funds become temporarily limited.A credit arrangement for your Platinum Current Account, allowing you to have extra breathing room when funds become temporarily limited. An overdraft facility offers you protection from overdrawing your account when you use your debit card.
With your Platinum Current Account, you receive a pre-approved overdraft facility of ANG 3500. Contact your account executive to activate this overdraft.
Should you wish to increase your Overdraft Facility this is also possible through your account executive.
Benefits
- Financial breathing space
- Protects you from potential overdrawing
- No penalty charges
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Why choose an overdraft facility
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Required documents
- Cash for covering unexpected expenses
- The flexibility of additional resources in months where funds are limited
- No need to pay back the balance in full immediately
- No penalty charges when you pay the outstanding balance in full
- It costs you money, only if you use it
- Overdraft facility is available for all Platinum Current Account holders at Orco Bank
- No extra documents required for your overdraft of ANG 3,500
- For an increase of your overdraft amount you will need to contact your Account Executive and bring the following to your appointment:
- A valid ID
- Copies of your salary slip for the last two months