--- title: "BUSINESS ADVANTAGE-OVERDRAFT — Bank of us" description: "Overdrafts from Bank of us. Rates, fees, features and eligibility as published under Australia's Consumer Data Right." canonical: https://www.cdrcompare.au/brands/bank-of-us/products/BusinessOverdraft source: "CDR Compare" language: en-AU last_updated: 2026-05-20T07:37:32.000+10:00 --- # BUSINESS ADVANTAGE-OVERDRAFT — Bank of us > Overdrafts from Bank of us. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare. **Overdrafts** An overdraft facility for businesses that provides both secured and unsecured options ## Apply Applications are handled by the provider: [Apply at Bank of us](https://bankofus.com.au/online-application?refer=bank-accounts) ## Deposit rates | Type | Rate | Applies to | Interest paid | | --- | --- | --- | --- | | Variable | 0% | BUSINESS ADVANTAGE-OVERDRAFT_Tier_1 | monthly | | Variable | 0% | BUSINESS ADVANTAGE-OVERDRAFT_Tier_2 | monthly | | Variable | 0% | BUSINESS ADVANTAGE-OVERDRAFT_Tier_3 | monthly | | Variable | 0% | BUSINESS ADVANTAGE-OVERDRAFT_Tier_4 | monthly | | Variable | 0% | BUSINESS ADVANTAGE-OVERDRAFT_Tier_5 | monthly | ## Fees | Fee | Type | Amount | | --- | --- | --- | | APPLICATION_FEE | Upfront | $850.00 | | FACILITY_SERVICE_FEE — Charged monthly · Payable at the end of each month. | Ongoing | $15.00 | | SETTLEMENT_FEE | Upfront | $350.00 | | LOAN_DOCUMENTATION_COSTS — Additional costs may apply including, but limited to, situations where there is more than one residential security property in differing ownership or States, or where guarantees/trusts/companies entities are involved. Any additional costs will mirror those charged by our Solicitor. Fee may be waived on owner-occupied and residential investment lending where the loan-to-valuation ratio is below 80% · Discount −$325.00 — Loan Documentation Costs (eligibility: Other: Loans where the Loan-to-Valuation Ratio (LVR) eligibility is 90% or below are exempt from this fee.) | Upfront | $325.00 | | SPECIAL_ATTENDANCE_FEE — per attendance plus any amounts incurred by us in attending such requests, such as valuation fees, mortgage insurance premium, lender s risk and processing fee, legal costs, document custodian charges, titles office fees and electronic processing fees all of which are unascertainable at the disclosure date. | Event | $300.00 | | VARIATION_FEE — Payable when we agree to any request by you to vary the terms of your credit contract (including varying your interest rate or switching product types). | Event | $300.00 | | DISCHARGE_FEE — Payable when we agree to discharge any security. | Event | $395.00 | | TITLE_SEARCH_FEE — Payable when we require information from the Land Titles Office in connection with your credit contract. Charged at cost. | Upfront | $38.20 – $191.00 | | INSURANCE_COLLECTION_FEE — Payable in addition to the premium, when we pay the premium for insurance over any security property on your behalf. | Event | $40.00 | | SECURITY_REVIEW_FEE — Being the amount of costs and disbursements we have to pay a valuer for a valuation of any security. Fee may be waived for owner-occupied and residential investment lending where the loan-to-valuation ratio (LVR) is below 80%. · Discount −$275.00 — Security Review Fee (eligibility: Other: Loans where the Loan-to-Valuation Ratio (LVR) eligibility is 80% or below are exempt from this fee.) | Upfront | $275.00 | | EVIDENCE_RETRIEVAL_FEE — Applies where you request us to retrieve the paper item or evidence supporting a transaction. The fee is debited to your account when the required documentation is provided to you. Please note that the fee is not applicable where evidence shows that you did not initiate the transaction. | Event | $20.00 | | CHEQUE_DISHONOUR_(INWARD)_FEE — Applies where a cheque paid into your account with us is dishonoured. The fee is debited to your account on the date of dishonour. | Event | $12.00 | | DUPLICATE_STATEMENT_FEE — Payable for each duplicate paper copy of your monthly statement you request. Charged at the time of your request. | Event | $5.00 | | REVIEW_FEE — Payable if we conduct a review of your overdraft facility | Event | $150.00 | | TEMPORARY_EXCESS_FEE | Event | $50.00 | | OVERLIMIT_FEE — Payable on any day that your loan account balance exceeds your amount of credit (maximum credit limit) at the close of business. This fee will be debited to your loan account on that same business day. | Event | $20.00 | ## Features - **Overdraft available** - **Guarantor supported** - **Digital banking** - **Real-time payments (NPP)** - **PayID** ## Eligibility - **Business customers** ## Constraints - **Minimum limit** — $5,000.00 - **Maximum limit** — $500,000.00 ($500k for secured facilities) - **Maximum limit** — $50,000.00 ($50k for unsecured facilites) ## More information from Bank of us - [Overview](https://bankofus.com.au/bank-accounts) - [Terms & conditions](https://bankofus.com.au/source-assets/documents/compliance/Summary-of-Accounts-Availability-of-Access-Facilities-and-Transaction-Limits-15-July-2024.pdf) - [Eligibility](https://bankofus.com.au/source-assets/documents/compliance/Summary-of-Accounts-Availability-of-Access-Facilities-and-Transaction-Limits-15-July-2024.pdf) - [Fees & pricing](https://bankofus.com.au/source-assets/documents/compliance/Fees-and-Charges-Schedule-1-July-2021.pdf) ## Data provenance - Published by Bank of us under the Consumer Data Right - Product ID: `BusinessOverdraft` - Last updated by the provider: 19 May 2026 - Source payload (JSON): https://www.cdrcompare.au/api/raw/bank-of-us/BusinessOverdraft - Provider page: https://www.cdrcompare.au/brands/bank-of-us - CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000236 --- Source: [CDR Compare](https://www.cdrcompare.au/brands/bank-of-us/products/BusinessOverdraft) — product data published by Australian data holders under the Consumer Data Right. 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