Overdraft

Make sure your overdraft is paid should you pass away, be disabled or be retrenched.

Overdraft insurance

An overdraft is a useful tool to help manage your cashflow, but you want to make sure you’re always in control of it. If you were suddenly unable to earn a living, you’d want to make sure your overdraft was paid back so your family wouldn’t have to worry.

With our overdraft insurance we’ll pay off your overdraft balance should you pass away, be disabled or be retrenched. This gives your family and loved ones the security of knowing they won’t need to cover the repayments if you're unable to.

Benefits

If you pass away or are permanently disabled, we’ll pay 10% of your overdraft balance for 10 months up to R30 000.
If you’re temporarily disabled, we’ll pay up to six monthly instalments.
If you’re retrenched, we’ll pay up to R30 000 so you can recoup some costs

With Nedbank’s overdraft insurance, you'll have a financial safety net when you really need it most.

Is overdraft insurance right for me?

I am a Nedbank accountholder and have an overdraft facility.
I want to make sure that my overdraft would be paid back should something happen to me.
I want to protect my family’s financial stability.