BUSINESS ADVANTAGE-OVERDRAFT
An overdraft facility for businesses that provides both secured and unsecured options
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%
| 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). |
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
Published by Bank of us under the Consumer Data Right · Last updated 19 May 2026 · Product ID BusinessOverdraft · View on CDR.gov.au