Business overdraft

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. This is business borrowing.
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Have a Xero or MYOB account?

If you're a director of a New Zealand registered company with Xero or MYOB AccountRight Live financial data you can apply online.

Apply now

Talk to a business banking specialist

Talk to one of our business banking specialists. They’ll let you know what you need to do and what your options are.

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Find a business banking specialist

Find a business banking specialist in your area. Request a call back, or call them directly.

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.

Key features & benefits

  • 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

  • Flexibility

    You'll be able to spend up to an agreed limit and repay or redraw funds at any time within this limit.

  • Interest

    Interest is calculated daily and charged monthly on the amount you’ve been overdrawn during the month.

  • Quick decision with accounting integration

    By linking your Xero or MYOB AccountRight Live data when you apply through our Fast Capital application, you'll get a quick decision.

  • Limits

    We’ll agree a limit for your overdraft and you'll be able to spend anywhere within this limit.

  • Access

    To get a Business Overdraft, you need a Business Edge account to access it from.

Rates & fees

Base rate

A margin may apply.

Unauthorised/excess rate

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.

Overdraft over limit fee

When you exceed your overdraft limit by more than $20 at any time during the month

  • $10 per month - this will show on the account statement you access the overdraft from as an account out of order fee.

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.
See all rates & fees

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.

Other borrowing options you may be interested in

Kiwibank's lending criteria, terms and conditions, and fees apply.