Business Overdraft - Residential Security

General Lending Rates

Product Variations

Product Features

• Overdraft

• Other Additional Information: Interest is charged only on the funds you use

• Card Access

• Digital Banking

• Other Additional Information: Secured by mortgage

Product Eligibility

• Business

Bank Fees and Charges

• Paper Based Statement Fee (Variable), Amount: 3.00. Additional Information: Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge.

• Application Fee (Upfront), Amount: 400.00.

• Monthly Administration Fee (Periodic), Amount: 30.00.

• Loan Finalisation Fee (Exit), Amount: 300.00. Additional Information: per security document when you pay out the facility

• Default Fee (Event), Amount: 30.00. Additional Information: At the end of each calendar month during which you are in default for any time, in respect of each breach of the agreement or other event as a result of which you are in default

• Approval Fee (Event), Amount: 100.00. Additional Information: when you ask Heritage for its approval under the agreement

• Redraw Administration Fee (Event), Amount: 20.00. Additional Information: Once your facility is fully drawn and approval to redraw is given. Not applicable to online redraw

• Consent Fee (Event), Amount: 200.00. Additional Information: Per Consent if required to Consent to the registration of a Land Titles document over the security property to a third party

• Production Fee (Event), Amount: 100.00. Additional Information: If Heritage is required to produce a security document to the State's Land Titles Authority or agency

• Partial Release Fee (Event), Amount: 200.00. Additional Information: $200.00 per security

• Capital Reduction Fee (Event), Amount: 75.00.

• Redocumentation Fee (Event), Amount: 450.00. Additional Information: If you apply to change the specific details of your facility or substitute securities

• Audit Certificate Fee (Event), Amount: 15.00. Additional Information: Per certificate

• Heritage Online Business Internet Banking Security Token Fee (Event), Amount: 50.00.

• Heritage Online Business Internet Banking Account Reconciliation (Event), Amount: 0.05. Additional Information: $0.05 plus GST per entry.

• Heritage Online Business Internet Banking Payroll And Creditor Batch Payments (Event), Amount: 0.05. Additional Information: $0.05 plus GST per payment in a batch

• Document/record Search Fee (Event), Amount: 12.00. Additional Information: For record searches, traces, supplying copy of details of transactions (including Visa card transaction slips) on your facility account (refunded if fee was charged for transaction-specific information and the transaction was incorrectly debited).

• Heritage Cheque Fee (Event), Amount: 10.00. Additional Information: For each cheque drawn by Heritage on itself which is issued from your facility account. $10.00 per cheque (including replacement cheques).

• Telegraphic Transfer Fee (Event), Amount: 30.00. Additional Information: If a telegraphic transfer is made from your facility account via RTGS within Australia

• Rtgs Deposit Fee (Event), Amount: 10.00. Additional Information: If a payment/transfer to your facility account via RTGS occurs

• Transaction Listing Fee (Event), Amount: 5.00. Additional Information: When a transaction listing between two given dates is issued on your facility account. $5.00 per page.

• Additional Statement Fee (Event), Amount: 1.00. Additional Information: For the second and each subsequent statement issued during a month, or when a statement is issued on your facility account at your request at any time before the next statement issuing date: $1.00 per statement

• Direct Debit Dishonour Fee (Event), Amount: 10.00. Additional Information: If a direct debit authorised to be made from or to your account is dishonoured.

• Sms Alerts (Event), Amount: 0.25. Additional Information: $0.25 for each SMS Alert delivered by SMS to your mobile phone.

• Non-heritage Counter Transaction Fee (Event), Amount: 2.50. Additional Information: For each withdrawal transaction on your facility account at a financial institution (other than Heritage) in Australia.

• Overseas Transaction Fee (Transaction), Amount: 5.00. Additional Information: For each overseas transaction on your facility account at an ATM or financial institution outside Australia. $5.00 (plus Overseas Currency Conversion Fee).

• Overseas Currency Conversion Fee (Variable), Amount: Not Listed.. Additional Information: If a Visa purchase or withdrawal transaction on your facility account is made in a foreign currency. 3% of the Australian dollar amount of the transaction.

• Overdraft Reference Fee (Event), Amount: 10.00. Additional Information: Charged per day on the date of any debit, other than for fees and charges or interest, to your facility account which causes an overdrawing or further overdrawing.

• Card Replacement Fee (Event), Amount: 10.00. Additional Information: For the second and each subsequent replacement card in a year.

• Emergency Card Replacement Fee (australia) (Event), Amount: 25.00. Additional Information: If an emergency replacement card is requested for delivery within Australian within 5 days.

• Emergency Card Replacement Fee (overseas) (Event), Amount: 200.00. Additional Information: If an emergency replacement card is requested for delivery outside Australian within 5 days

• Cheque Dishonour Fee (Event), Amount: 10.00. Additional Information: If a cheque drawn on your facility account is dishonoured

• Cheque Stop Payment Request Fee (Event), Amount: 12.50. Additional Information: If you request Heritage to stop payment on a cheque drawn on your facility account.

• Direct Debit Dishonour Fee (Event), Amount: 10.00. Additional Information: If a direct debit due to be made from your facility account is dishonoured.

• Periodical Payment (Payment), Amount: 3.00. Additional Information: To another financial institution or BPAY - Set up by Heritage staff member

• Periodical Payment (Payment), Amount: 0.00. Additional Information: To another Heritage account

• Sweep Fee (Event), Amount: 2.00. Additional Information: Whenever you place a sweep on your facility account to allow funds to be drawn from it and transferred to another Heritage account to meet drawings on that other account. $2.00 per sweep.

• Manual Transfer Fee (Variable), Amount: Not Listed.. Additional Information: Whenever Heritage manually transfers funds from your facility account. $2.50 (transfer to Heritage account); $4.00 (transfer to external payee).

 Limitations & Restrictions (Constraints)

• Min Limit of 20000.00 Additional Information: Preferred minimum amount $20,000. For lesser amounts our Business Visa credit card may be a suitable.