What is a business overdraft?
Free up valuable business capital through an unsecured overdraft or secure the facility against an asset to obtain a lower interest rate.
6.14%
p.a.
Indicative secured variable rate
11.02%
p.a.
Indicative unsecured variable rate
Peace of mind
Have funds available to pay suppliers, bills and wages when cash flow fluctuates. Minimum overdraft limit $5,000. 1
Easy access to funds
24/7 access through online banking and ATMs.
Combine with your everyday business account
Add to your Business Zero Transaction Account.
Secured and unsecured options
Free up capital with an unsecured overdraft, or use property as security to get a lower rate.
Added security
An agreed limit in place for additional money when you need it most.
Free up valuable business capital through an unsecured overdraft or secure the facility against an asset to obtain a lower interest rate.
Business Zero Transaction Account Overdraft | |
---|---|
Name | Rate/Fee |
Indicative secured variable rate | 6.14% p.a. |
Indicative unsecured variable rate | 11.02% p.a. |
Variable overdraft reference rate
4
|
7.02% p.a. |
Limit establishment fee | Available on application |
Line of credit fee ? | Available on application |
Other Overdraft Reference Rates |
|
---|---|
Name |
Variable rate/fee |
Business overdraft reference rate
5
|
8.38% p.a. |
Small business overdraft reference rate
6
|
7.93% p.a. |
Variable overdraft reference rate 7 | 6.07% p.a. |
Limit establishment fee | Available on application |
Line of credit fee ? | Available on application |
Our agribusiness finance solution that includes an AgriOne transaction account with overdraft facilities.
Our Business Zero Transaction Account was judged Money magazine’s Best of the Best award for 2019 Cheapest Business Transaction Account - Bank Category.
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Business Banking Specialists
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