The Revolving Overdraft facility from UAB gives you easy access to additional funds, making your life simpler. You get instant access to funds for unexpected expenses. Under the Revolving Overdraft facility, you can withdraw your entire overdraft amount at any ATM, at any time. This facility can be approved for any specific period with maximum up to 12 months to ensemble your personal circumstances.
With the Revolving Overdraft Facility you can
- Issue a cheque for up to the whole amount of your overdraft at any time.
- Use your facility to make unexpected payments, or deal with an emergency, or simply to enjoy yourself.
- Pay a low interest rate per month, only on the amount that you have utilized.
The UAB Temporary Overdraft is a line of credit for up to 30 days that is attached to your transaction account to cover short-term financial needs.
Additional Features
- Application may be made directly with the branch or over the phone.
- No fixed repayment arrangement giving you flexibility and greater control over your day-to-day finances.
- Interest is only charged on the amount of credit used.
- A cost-effective option of avoiding fees associated with overdrawing accounts.
- Transactions will be honored up to your approved limit, across all banking channels- ATMs, UAB Online, UAB branches and cheques.
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