Business Overdraft
Provides cash flow relief with funds to cover business expenses, such as invoices and wages until you?re paid.
Category: Overdrafts Last Updated October 1, 2024 Effective November 1, 2024
General Lending Rates
Rates listed below are for a VARIABLE product. Additional Information
Interest Rate
8.11% PA
8.11% PA
Comparison Rate
0.00%PA*
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Features
- Other Additional Information: No minimum or maximum amount (credit criteria apply)
- Other Additional Information: Variable interest rate (fixed rate not available)
- Digital Banking Additional Information: Easily manage and access your business overdraft via Online, Telephone, Mobile or Tablet Banking and via our ATM network.
- Extra Repayments Additional Information: Subject to terms and conditions, this product includes extra repayment features.
- Digital Banking Additional Information: With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account.
- Relationship Management Additional Information: Relationship management is available for eligible customers.
- Overdraft Additional Information: Temporary Overdraft is available for customers. Temporary Overdraft is a one-off short term working capital facility for existing business customers, with or without an existing overdraft agreement. Requests for new customers may be approved by a Credit Officer on an exception basis
Product Eligibility
- Business Additional Information: A business entity or an individual 18 years and above, domiciled in Australia
- Business Additional Information: Requires the funding for business or investment purposes other than investment in residential property
- Other Additional Information: Meets the credit criteria and credit policy requirements under an applicable offer for this product.
Bank Fees and Charges
- Monthly Line Fee (Periodic), Amount: Not Listed.. Additional Information: Monthly Line Fee: 1.20% p.a. (of total limit) charged at the beginning of the month. Other fees may apply.
- Lending Establishment Fee (Upfront), Amount: 250.00.
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