Tag Archives: ABSA ATM loans

ATM loans

ATM loans (Recurring advance deposit): This is an electronic service allowing customers to apply for small loans and receive immediate payouts at an ATM. It is a South African first. Currently FNB and ABSA offer the service where a customer can check to whether he or she qualifies and withdraw the amount, all from the ATM.
It is more like an overdraft facility where the amount is offset against the next deposit.

FNB ATM Temporary loan

The FNB ATM loan is a temporaly loan which is offered with no application forms to complete, you can take it up at any FNB ATM, Online, through Cellphone Banking or any FNB branch.

The Temporary Loan is available immediately in your Personal Cheque Account or Smart Account, the money will be credited to your account instantly if you qualify, should you repay the total loan, or outstanding balance within 31 days, you don’t pay any interest.

FNB Contact details: 0861 40 40 40.

ATM loans

ATM loans (Recurring advance deposit): This is an electronic service allowing customers to apply for small loans and receive immediate payouts at an ATM. It is a South African first. Currently FNB and ABSA offer the service where a customer can check to whether he or she qualifies and withdraw the amount, all from the ATM.
It is more like an overdraft facility where the amount is offset against the next deposit.