Alert

We are updating our Terms and Conditions for Mortgage Offset Accounts, effective 4 January 2022. Find out more

Close button
2021-11-30 2:45 pm
Close button

Commercial Overdraft

Bank Australia overdraft options to help smooth cash flow and cover business expenses.

Our rates

Residential security
from
4.99
%
p.a.
Variable interest rate
Effective 7 December 2021
Unsecured Loan                                      General Commercial Security
                                                                   from
12.58
%
p.a.
Variable interest rate
Effective 7 December 2021

5.49
%
p.a.
Variable interest rate
Effective 7 December 2021

Who it's for

  • Sole traders
  • Partnerships
  • Pty Ltd and public companies

What it’s for

If you’re waiting for customers to pay you, a commercial overdraft can help with cash flow to cover business expenses, equipment purchases, and more. 

What you get

"It was so simple to set up my business accounts with Bank Australia. Great customer service and product knowledge"
Erin, Bank Australia business customer

Purpose

You can use the overdraft for any business or commercial purpose.

Easy access options

Link the overdraft to our Commercial Access transaction account for an easier way to manage your money.

Flexible repayment options

Rather than fixed payment terms, eligible customers can repay when there's money available.

One-off establishment fee

Minimum of $100, the fee is calculated at 0.50% of the overdraft amount.



The clean money movement


Together with our customers, we are reinventing capitalism and writing a new narrative. Money beyond self-interest. Money that makes the world better and regenerates ecosystems that protect people and the planet. We call it clean money.

By doing your business banking with us, you’re stepping up to join the clean money movement, too.

Read more

Fees and charges

Here’s what to expect with our Commercial Overdraft:
What it's for
Amount
Establishment fee (% of loan amount)
0.5% (min. $100)
Overdraft admin fee
$24 annually

It pays to know. Please read the Product Disclosure Document and see all fees and charges before deciding if this account is right for you. See all rates and fees.

Money, People & Planet

See more at the Bank Australia blog

The fine print

General advice warning: In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents before making a decision to apply for products with Bank Australia.

Bank Australia is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.

® Registered to BPAY Pty Ltd ABN 69 079 137 518
® Terms, conditions, fees and charges may be applicable. Bank@Post and its device mark are registered trademarks of the Australian Postal Corporation. All rights reserved.