Business Overdraft

General Lending Rates

Product Variations

Product Features

• Overdraft Additional Information: An overdraft is a revolving credit facility so you can continue to access funds as and when you need.

• Overdraft Additional Information: There are no regular fixed repayments. Repay when you put money in your linked Business Transaction Account.

• Overdraft Additional Information: Manage unexpected expenses, or cover the cash flow gap between receiving payments from customers and paying your suppliers.

• Overdraft Additional Information: Access your overdraft just like you would funds in your business account, using an ATM, Netbank, CommBiz, EFTPOS, cheque, over the phone, in branch and the CommBank app.

• Overdraft Additional Information: Interest is charged on the used amount of your approved limit

Product Eligibility

• Business - You Can Apply If Your Business Is: . Additional Information: A registered Australian business that includes sole traders, partnerships, trusts, limited or proprietary limited companies and if you are seeking a loan for business purposes only

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't been overdrawn or had your account in arrears anytime in the past 3 months.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't been declared bankrupt in the last 5 years.

• Other - You're More Likely To Be Approved If:. Additional Information: You haven't had any accounts in collections in the past 6 months.

Bank Fees and Charges

• Establishment Fee (Upfront), Amount: 0.00. Additional Information: Fee charged to establish or refinance a facility. This may be a dollar amount or a percentage of the facility limit.

• Line Fee (Periodic), Amount: Not Listed.. Additional Information: Fee charged for making the facility available. Calculated as a percentage based on the facility limit or outstanding balance — whichever is higher during the charging period.

• Line Fee (Periodic), Amount: Not Listed.. Additional Information: Fee charged for making the facility available. Calculated as a percentage based on the facility limit or outstanding balance — whichever is higher during the charging period.

• Overdrawing Approval Fee (Event), Amount: 15.00. Additional Information: Fee charged when a transaction causes the account to exceed the facility limit.

 Limitations & Restrictions (Constraints)

• Min Limit of 2000.00 Additional Information: The minimum overdraft amount is $2,000