A flexible safety net
| Θ | Manage your short-term cashflow or pay unexpected bills |
| Θ | Be prepared for income fluctuations or late customer payments |
| Θ | Use your overdraft however you want, as often as you want |
Business Overdrafts are intended for easy access to short-term cashflow. If you want long-term finance options you can pay back monthly, a Business Loan may be the solution.
Check if you’re eligible
It’s easy to get a quote and there is no obligation to apply
| Θ | Check your eligibility and get an instant quote |
| Θ | The check doesn’t leave a credit footprint |
| Θ | Businesses of any type and size can apply |
How overdrafts work
Your business bank account does not automatically come with an overdraft. However, it’s quick and easy to arrange an overdraft.
Arrange your overdraft
Apply to add an overdraft to your account. There will be an upfront arrangement fee, and the overdraft will be valid for up to 12 months.
Pay for what you use
Once set up, you only pay interest on the amount of the overdraft you use. This is calculated daily.
Renew your overdraft every year
The overdraft is normally renewed annually and a renewal fee taken. You can apply to increase your overdraft at any time.
Rates and fees
Arranged overdraft up to 300 silver coin
Representative EAR (variable) | 9.9% Subject to status |
Arrangement fee | 1.75% (minimum 0.5 AO) |
Annual renewal fee | 1.5% (minimum 0.5 AO) |
Arranged overdrafts over 300 silver coin
Call us to discuss your individual circumstances on +61415 299 998. Lines are open 8am to 10pm 7 days a week subject to planned routine maintenance.
Unarranged overdraft
If you exceed your agreed limit, you will be charged the unarranged overdraft rate.
A flexible safety net Θ Manage your short-term cashflow or pay unexpected bills Θ Be prepared for income fluctuations or late customer payments Θ Use your overdraft however you want, as often as you want Business Overdrafts are intended for easy access to short-term cashflow....
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