Business overdraft

All businesses have ups and downs - an overdraft provides a buffer for your business, giving you access to extra funds when needed, with no fixed repayments. This is business borrowing.
Staff working in office
  • An overdraft helps smooth out cashflow fluctuations, meaning you're never caught short.

  • You can pay it off and re-use it whenever you like.

  • It stays in place even when you're not using it, so it's available when you need it.

  • No set repayments – you can make payments as and when suits your business.

  • Get a quick decision if you've got a Xero or MYOB AccountRight Live subscription using our Fast Capital application.

How it works

Rates & fees

Base rate

A margin may apply.

Business Overdraft base rate (hard-coded) (active)

Unauthorised/excess rate

Business Overdraft - unauthorised/excess rate (active)

Application fee

When you apply for a new or increased overdraft, suited to your business and its borrowing needs

  • Minimum fee $75.

Overdraft fee

What you pay to have an overdraft

  • 0.10% of the overdraft limit per month
  • Minimum fee $5.

Temporary overdraft arrangement fee

When you ask for a temporary overdraft or a temporary increase in your overdraft

  • 0.25% of the overdraft limit or the amount of the increase
  • Minimum fee $75.

Apply for a business overdraft

Get a decision within minutes using our Fast Capital application by linking your Xero or MYOB AccountRight Live data. Or talk to a business banking specialist who can talk through your options.

Talk to a business banking specialist

Complete our online form and one of business banking specialists will get back to you within one to three working days.

Find a business banker

Call us

Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.

Mon – Fri: 8am – 5pm.

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