There is no minimum monthly repayment required, as long as you remain within your agreed limit and make regular deposits (such as your salary) into your Cheque Account every month.
An overdraft is a fluctuating facility which reduces with your monthly deposits, and is immediately available again, up to the approved limit.
This is a short-term, convenient facility that is tailor-made to help you gain more financial flexibility.
Ideal for emergencies and unforeseen circumstances
If the Overdraft is not used, then no monthly fee is charged.