Cover Cash Flow Gaps
Instantly.
A flexible short-term credit facility that gives you immediate access to funds beyond your account balance — so business never stops.
What is a Temporary Overdraft?
A Temporary Overdraft (TOD) is a pre-approved short-term credit facility that allows eligible Moneyfield account holders to spend or withdraw beyond their available account balance — up to an agreed limit — for a defined period.
It's the ideal solution when your business or personal finances face a brief funding gap: a delayed client payment, an urgent supplier invoice, or an unexpected expense that can't wait. Instead of turning down opportunities or defaulting on obligations, a TOD keeps you in motion.
Interest is only charged on the amount actually used and for the duration it is used — so you never pay for credit you don't need. The facility is renewable based on account performance and can be increased over time as your relationship with Moneyfield grows.
Why Choose This Product?
Everything you need, structured to fit your life.
Instant Access
Funds are available immediately upon approval — no need to reapply each time you need to draw down.
Pay Only for What You Use
Interest is calculated only on the outstanding drawn balance, not on the full approved limit.
Flexible Limit
Your overdraft limit is set based on your account activity, income, and credit history — and can grow over time.
Renewable Facility
The TOD is reviewed and renewable, giving you ongoing access to short-term liquidity when you need it.
Works With Your Account
Integrated directly into your Moneyfield current account — spend, transfer, or pay from your overdraft as needed.
Transparent Terms
Clear rate structure with no hidden charges — know exactly what your overdraft will cost before you draw down.
Who Can Apply?
Check the criteria below to confirm your eligibility before applying.
- Active Moneyfield current or savings account in good standing
- Minimum of 6 months account history with consistent activity
- No history of returned cheques or unpaid obligations
- Regular income or verifiable business cash flow
- Valid government-issued ID
- Completed overdraft application form
How to Apply
Simple steps to get your funds.
Request an Overdraft
Visit a Moneyfield branch or contact your relationship manager to request a Temporary Overdraft on your existing account.
Credit Review
We review your account activity, income, and credit profile to determine your approved overdraft limit.
Activate & Draw Down
Once approved, your overdraft limit is activated on your account. Use it as needed — interest is only charged when you do.
Financing Your Tomorrow,
Today
Join thousands who trust Moneyfield to support their goals. Build wealth, grow your business, and bank smarter.