MyWORLD Overdraft

Giving you access to emergency funds when you need it most. And because it is linked to your MyWORLD account, you still get access to up to 6 linked accounts – with no monthly fees at SA’s best rates.

You have peace of mind, knowing you have access to funds in an emergency. The Overdraft can help with:

  • Mid-month emergency expenses.
  • Access to cash before pay day.
  • Cover for rainy days when you are running short on cash.
  • It helps you to manage your monthly cash flow and provides protection from unpaid debit orders when your salary gets used up.

  • The great news is that there are no initiation fees.
  • Customers will be charged a monthly fee of R69 which includes VAT.
  • The transaction fees are linked to the MyWORLD transaction fees. Please refer to our pricing guide here.

  • Customers must have an active MyWORLD bank account.
  • Customers must be between the age of 18 and 60.
  • Customers must earn more than R3 500 a month.
  • Customers must be a monthly salary or wage earner for a minimum of ONE month with the same employer.
  • To activate the Overdraft, customers must switch their monthly salary to African Bank.

  • Apply online 24/7 using our African Bank App or by registering for Online Banking on our website. You will not be charged any data when using our digital banking platforms.
  • You are welcome to visit any African Bank branch and apply in our branch.
  • You can contact our Call Centre on 0860 333 004


Get banking options that are seamless, simplified in a few easy steps. Anywhere, anytime 24/7

Download Now

1 Number to call

0861 123 456

| Website Terms and Conditions | Overdraft Terms and Conditions | MyWORLD Price Guide |