• Monday - Friday: 8:30 - 17:00 Saturday- 09:00 to 12:00
  • Horizon Bank | Kokora Road, Nimra Talata Juba, South Sudan
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Temporary Overdrafts

Temporary Overdrafts


This is a short term credit facilities offered to bridge cash needs when the customer expects to receive funds at a point in the immediate future.
The available options are
a) Temporary ODs
b) Approvals against uncleared funds – payment against cheques that are not yet cleared
c) Daylight overdrafts – disbursements of funds during the day prior to a planned same day receipt of available funds
d) Overnight ODs – disbursement of funds against the funds expected to be credited the next day.
TOD must be limited to a maximum of 30 days and must be approved by officers with delegated authority. The amount of overdraft plus applicable charges/costs must be fully paid up within the stipulated time period.


  • Minimum overdraft limit of SSP 10,000 or USD equivalent.
  • Maximum limit of up to SSP 100,000 or USD equivalent for an unsecured facility. There is no maximum limit on a secured facility.
  • Minimum banking period for overdraft eligibility – 1 year
  • The overdraft facility is available in SSP and USD.
  • Interest rate – The Bank Base Rate advised from time to time plus a margin of up to 10%.
  • Customer Eligibility;
    • Customers with minimum net salary/income of SSP 10,000
    • Customer age – maximum 60 years old, subject to retirement age
    • Senior Civil Servants, senior management of private companies, Diplomats, Senior management of Embassies and NGOs that enjoy VIP status in the bank
  • Qualification criteria;
    • Customer salary must be channelled through the bank
    • If salary is not channelled through the Bank, the overdraft must be secured


  • The customer is only charged interest on the amount drawn/utilized
  • Immediate/emergency cash requirements are easily met

For any inquiries call us on +211 920 961 800; All your banking needs