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Overdraft

Quiz by Rose

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9 questions
Show answers
  • Q1

    What kind of account must a customer have for you to offer an overdraft to a customer?

    Savings Account

    Cheque account

    Personal loan

    Investment account

    30s
  • Q2

    When will a new cheque account holder be able to access a newly approved OD limit?

    As soon as the salary is deposited

    New cheque account holder’s cannot have an overdraft facility

    Immediately

    30s
  • Q3

    When you open a new cheque account and load an Overdraft facility for the customer, how long does the customer have to deposit the salary before the limit falls off?

    30 days

    60 days

    90 days

    30s
  • Q4

    When can existing customers that have an approved overdraft access the limit?

    In 24 hrs

    In 90 days

    . immediately

    As soon as the next salary is deposited

    30s
  • Q5

    Can customers get credit protection for an overdraft facility?

    only in a year

    Yes

    no

    30s
  • Q6

    What is the minimum amount a customer has to earn to applyf or an overdraft?

    3000

    5200

    2000

    2500

    30s
  • Q7

     How old must a customer be to apply for an overdraft?

    18

    21

    16

    24

    30s
  • Q8

     How can customers apply for an overdraft?

    on AOL / App, in the branch, on the absa website, the contact centre, on the absa website

    contact centre, on the absa website

    in the branch

    AOL,app

    30s
  • Q9

    What is the monthly service fee?

    R1207.50

    R69

    R0.01

    R101

    30s

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