Business Overdraft Facility

General Lending Rates

Product Features

• Card Access Additional Information: Full transactional access with a Visa Debit card.

• Other Additional Information: No ongoing account keeping fees where overdraft limit is $20,000 or greater.

• Digital Banking Additional Information: Internet Banking and Mobile Banking.

• Relationship Management Additional Information: Eligible customers enjoy dedicated and personalised service from the Business Solutions team.

• Digital Wallet Additional Information: Available for Visa cards only.

• Digital Wallet Additional Information: Available for Visa cards only.

Product Eligibility

• Residency Status - Available To Permanent Australian Residents..

• Other Additional Information: The Business Overdraft is required to be attached to a Business Cheque Account or Club Account.

• Min Age - 18. Additional Information: Minimum cardholder age 16 years.

• Business Additional Information: Available for business purposes for individual and non-individual borrowers, including sole traders, and companies.

Bank Fees and Charges

• Application Fee (Upfront), Amount: Not Listed.. Additional Information: Also known as establishment fee and payable when you accept the commercial letter of offer. (Does not apply to Residentially Secured Business Loan).

• Upfront Legal & Document Fees (Variable), Amount: Not Listed.. Additional Information: Minimum Fee is $250. The costs for reviewing documents and preparing security documents and facility agreements differ based on the type of security and other factors. The estimated fees will be provided in your Letter of Offer.

• Interest Rate Conversion Fee (Event), Amount: 250.00. Additional Information: Fee is payable for interest rate maintenance/conversion with a Letter of Variation or Letter of Advice.

• Limit Excess Fee (Event), Amount: 17.50. Additional Information: A limit excess fee of $17.50 each time the facility limit is exceeded. If the balance owing exceeds the facility limit with or without our approval, we charge interest on that excess at the default rate.

• Replacement Document Fee (Event), Amount: 100.00. Additional Information: Fee is payable for replacement of documents due to the original documentation being lost or amendments to the original documents being required.

• Valuation Fee (Variable), Amount: Not Listed.. Additional Information: The cost of each valuation report required to be issued.

• Consent And Execution Of Leases, Plans Of Subdivision Etc. (Event), Amount: 150.00. Additional Information: Consent and Execution of Leases, Plans of Subdivision etc.

• Settlement Fee (Variable), Amount: Not Listed.. Additional Information: Settlement fee is estimated at $300 per settlement.

• Upfront Fees Residential Security (Upfront), Amount: 600.00. Additional Information: For new facilities secured by residential property, this single fee replaces Application Fee, Valuation Fee, Legal and Documentation Fee.

• Partial Release And Discharge Of Security Fee (Exit), Amount: 250.00. Additional Information: Payable whenever we arrange for a Partial Release or Discharge of Security.

• Registration Fee (Variable), Amount: Not Listed.. Additional Information: Payable to us when there are additional costs associated with registration (for example, this may include a discharge of mortgage fee, transfer fee or any other dealing fee).