All businesses have ups and downs — an overdraft provides a buffer for your business, giving you access to extra funds when you need them, with no fixed repayments.
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 subscription, and have at least two years of financial history, using our Fast Capital application.
You'll be able to spend up to an agreed limit and repay or redraw funds at any time within this limit.
Interest is calculated daily and charged monthly on the amount you’ve been overdrawn during the month.
By linking your Xero or MYOB AccountRight data when you apply through our Fast Capital application, you'll get a quick decision, without any paperwork.
We’ll agree a limit for your overdraft and you'll be able to spend anywhere within this limit.
To get a Business Overdraft, you need a Business Edge account to access it from.
Base rateA margin may apply. |
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Unauthorised/excess rate |
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Application fee |
When you apply for a new or increased overdraft, suited to your business and its borrowing needs
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Overdraft fee |
What you pay to have an overdraft
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Overdraft over limit fee |
When you exceed your overdraft limit by more than $20 at any time during the month
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Temporary overdraft arrangement fee |
When you ask for a temporary overdraft or a temporary increase in your overdraft
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Get a decision within minutes using our Fast Capital application by linking your Xero or MYOB AccountRight data. Or talk to a business banking specialist who can talk through your options.
Kiwibank's lending criteria, terms and conditions, and fees apply.