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Business Account While Under Debt Review

Questions & AnswersCategory: Debt ReviewBusiness Account While Under Debt Review
Lefa Letsoalo asked 12 months ago

Hi,
I would like to know if it would be possible for me to open a business banking account (Cheque Account) if I’m under debt review?

1 Answers
Matthys Potgieter Staff answered 12 months ago

Hi there,

Thank you for your question.

It is possible yes. A normal transactional business account has no restrictions with relevance to debt review. If you apply for an overdraft facility on the account your application will be rejected.

Kind regards