When and How Should I Repay the CoverMe Overdraft?

The repayment period for the CoverMe overdraft is set at 31 days, commencing from the day you first utilise the service.

On the 32nd day, an automatic repayment will be initiated to cover all expenditures made under CoverMe during the preceding 31-day period. The funds will be deducted from the first account with a sufficient balance in your 'Preferred Account' list within the Bano app.

Upon successful repayment, your CoverMe overdraft limit will be fully restored, and a new 31-day repayment period will begin the next time you access the feature.

Note: Manual repayment options are currently under development and will be introduced in the near future.