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.

Key features and 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 subscription, and have at least two years of financial history, using our Fast Capital application.

How it works

Rates and 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.

Apply for a business overdraft

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.

Have a Xero or MYOB account?

If you're the director of a New Zealand registered company with two years of Xero or MYOB AccountRight data - applying will be quick.

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.

Talk to us

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 – 6pm

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