[Date]
 
[Title, Name/s & Surname]
[Postal Address Line 1]
[Postal Address Line 2]
[Postal Address Line 3]
[Postal Code]
[Email address]
 
Dear [Title Surname]
 
Re: Notice in terms of the National Credit Act 34 of 2005 (NCA)
 
Account number: [DDA ACCOUNT NUMBER]
Credit agreement: FNB Overdraft Facility
 
In terms of Section 118(3) of the NCA, we notify you that your credit facility limit will be reduced on delivery of this notice. The reduction to your credit limit will have the following effect on your credit agreement:
 
Existing credit limit   R[insert amount]
New credit limit   R0
 
This means that you will unfortunately not have access and use of the facility.

Please note: We herewith terminate or cancel the credit agreement in terms of Section 123 of the NCA. The credit agreement can no longer be re-instated. The credit facility will be closed within 10 (ten) business days from date of this notice.
 
Yours faithfully

FNB
 
Terms, conditions and product rules apply.
 
First National Bank  A division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).

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