OVERDRAFT FACILTY

What is a revolving overdraft?
An overdraft facility is repayable monthly and revolving monthly over 12 months period
Mon, 15 Feb, 2021 at 8:11 AM
Who are those qualified to access revolving overdraft?
This facility is available for salaried individuals only 
Mon, 15 Feb, 2021 at 8:11 AM
I have a salary savings account; can I access revolving overdraft?
Yes, you can
Mon, 15 Feb, 2021 at 8:11 AM
I am a new customer; can I have access to this facility?
Yes, this facility is available to customers with salary accounts in Wema Bank. 
Mon, 15 Feb, 2021 at 8:11 AM
What are the minimum and maximum limits I can have access to?
This facility allows 100% of the customer's net monthly salary as overdraft subject to a maximum of N250,000
Mon, 15 Feb, 2021 at 8:11 AM
Do I need to provide any document to access revolving overdraft?
Yes. The documents required are;  Letter of Introduction signed by authorized signatories of employer  Irrevocable Letter of Salary Domiciliation (dul...
Mon, 15 Feb, 2021 at 8:12 AM
What collateral do I need for this loan?
 You do not need to provide a collateral to access this facility          
Mon, 15 Feb, 2021 at 8:12 AM