Instant credit. Tailored interest rates.


An overdraft offers you instant credit that is added to your bank account. Take care of emergencies or top up your monthly budget during those tight moments between paydays with up to R250,000, available whenever you need it.


See terms and conditions.

No need to open a separate account or get an extra card.

The extra money stays available in your bank account.

You’ll be charged interest on only the portion you use.

You can take out credit life insurance on your overdraft.



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How it works

If you already have a Nedbank account, you can apply for an overdraft on the Money app or Online Banking. You can also choose one when you open your account for the first time. Once your overdraft has been set up, you can increase or decrease its limit anytime on our digital banking channels.

Qualifying accounts


MiGoals Plus

For best-value banking with the option to add more benefits when you need them, open a MiGoals Plus Account.

R99 p/m



A super-affordable pay-as-you-use account.

R5 p/m


MiGoals Premium

Bank smarter with this full-package deal that offers you daily convenience, credit flexibility and top-tier lifestyle benefits.

R240 p/m

Get started and apply online

Get started

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Download the Nedbank Money app

A secure and convenient way to manage your money, apply for accounts and loans, and even buy gift and prepaid vouchers.

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