Business overdraft

Staff working in office

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.

Talk to us

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.

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.

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.

Have a Xero or MYOB account?

If you're a director of a New Zealand registered company with Xero or MYOB AccountRight Live 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.

We're available Monday to Friday: 8am – 5pm.

Other borrowing options you may be interested in

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