Manage unexpected expenses with a business overdraft

23 February 2018

How you can use an overdraft

When suppliers are chasing payment, staff wages are due and you’re waiting to be paid yourself, what are your options?

A business overdraft from Bankwest acts like a safety net for unexpected expenses, giving you peace of mind. It helps boost your cashflow, allowing you to pay suppliers and staff wages while you wait to collect payment or income from your business activities.

In addition to managing expenses, you could also use a business overdraft to tender for larger jobs, or to act quickly on investment opportunities to grow your business.

A business overdraft is a flexible line of credit that allows your linked business transaction account to go below a zero balance, to an approved limit. There’s no set repayments when you stay within your agreed limit, and you can access these funds as and when you need them. You only pay interest on the amount you use.

We offer two types of business overdrafts – secured or unsecured.

  • A secured overdraft uses an asset (such as property) to secure against the loan, allowing you to obtain a lower interest rate.
  • An unsecured overdraft allows you to obtain the facility without the need for security, like property which can take more time to set-up.


As business overdrafts are linked to eligible Bankwest business transaction accounts, you can access the funds 24/7 via ATMs and Online Banking.

Lending criteria, fees, charges terms and conditions apply. Consider the PDS and whether the product is right for you. Bankwest is a division of the product issuer, Commonwealth Bank of Australia ABN 48 123 123 124 AFSL/Australian credit licence 234945. Minimum loan amount $5,000.

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