Create Overdraft

Overview

To create an overdraft, you first need to build the complete create overdraft endpoint by passing version in to the url path and authtoken in the query params.

Then pass AccountNumber, Limit, Tenure, CommencementDate, CollateralType and other required payload in the request body.

Request Payload

Name	Data Type	Description
AccountNumber	String	Customer's account number
Limit	String	This is the maximum amount the customer can overdraw in naira
Tenure	String	Duration in which the overdrawn amount is authorized
CommencementDate	String	Overdraft start date (if a future date is specified, overdraft will be inactive till said date)
CollateralType	String	The type of asset deposit as collateral (eg Automobile, Forestry, Agriculture)
SecurityPledged	String	The description of the asset pledged as collateral (eg 2yrs old Benz S500...)
InterestRate	Int	Interest rate in which the interest amount will be calculated (specify –1 to use the rate in the interest ID)
InterestId	Int	ID of the applicable interest configuration (see before for the endpoint to get this). Override the rate attached to this interest by specifying a value other than –1 in InterestRate.
FeeId	Int	ID of the applicable fee attached to this OD (see before for the endpoint to get list of all fees configured on bankone)

Expected Response

If the request is successful, it returns a status code of 200 with a response body.

{
    
 "IsSuccessful": true,
 "CustomerIDInString": null,
 "Message": "Overdraft created successfully",
 "TransactionTrackingRef": null,
 "Page": null

}

You can check out API reference to Create Overdraft