An overdraft is flexible & convenient, helps to manage your cash-flow, and takes care of emergencies.

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Benefits

What you get
  • An overdraft is a short-term facility extended to a customer’s bank account as a borrowing limit to provide access to funds beyond the customer’s own credit balance, up to 50% of the customer's net income. 
  • An overdraft is flexible & convenient, helps to manage your cash-flow, and takes care of emergencies. Interest is only paid on the amount utilised.
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What you need to know
  • Minimum term  is 3 months and maximum term  is 12 months 
  • The overdraft is extended up to a maximum of 12 months and is renewable subject to approval
  • On renewal, the customer may opt to either increase or reduce their limit
  • Interest is calculated on the outstanding daily balance
Charges
  • Premier Banking interest rate   : Prime +10%
  • Prestige Banking interest rate   : Prime +15%
  • Personal Banking interest rate  : Prime +20% 
  • Arrangement fee   : 1.12% min P671.51 max P5920.39
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What to bring when you apply
  • Employment confirmation
  • Recent payslip
  • 3 months bank statement for New to Bank customers
  • ID (Omang) for citizens
  • Passport for non citizens
  • Residence and work permit for non citizens
  • Spouse consent if married in community of property
  • Form A if married out of community of property
  • Contract letter of employment if hired on contract
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Need more help?

Call:

Tel: +267 315 9575
Fax: +267 395 9780
BTC Toll free: 080 060 0444
Mascom Toll free: 150

Email:

BotswanaCustomerExperience@barclayscorp.com

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