Business Overdraft
Access additional funds directly from your business transaction account, to manage your business cash flow or unexpected expenses.
- From
- 0.1%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Non-standard Interest Premium: Fee charged when the interest charging frequency deviates from the standard monthly cycle (e.g. quarterly, semi-annually or annually) | 0.1% | — | — |
| Variable Non-standard Interest Premium: Fee charged when the interest charging frequency deviates from the standard monthly cycle (e.g. quarterly, semi-annually or annually) | 0.2% | — | — |
| Variable Non-standard Interest Premium: Fee charged when the interest charging frequency deviates from the standard monthly cycle (e.g. quarterly, semi-annually or annually) | 0.45% | — | — |
| Variable Residential Equity Rate - variable rate, residential security. Interest charged on the drawn portion of the facility limit. Based on a variable base rate, plus or minus a customer-specific margin. Advertised interest rates may vary depending on individual application circumstances. Rates and fees are subject to change. Fees, charges, T&Cs and eligibility criteria apply. | 8.35% | — | — |
| Variable Secured Business Overdraft Variable Rates from 8.75%. Advertised interest rates may vary depending on individual application circumstances. Rates and fees are subject to change. Fees, charges, T&Cs and eligibility criteria apply. |
Fees
| Fee | Type | Amount |
|---|---|---|
| Establishment Fee Fee charged to establish or refinance a facility. This may be a dollar amount or a percentage of the facility limit. | Upfront | Variable |
| Line Fee Charged monthly · Fee charged for making the facility available. Calculated as a percentage based on the facility limit or outstanding balance — whichever is higher during the charging period. | Ongoing | 1.7% of balance |
| Line Fee Charged every 3 months · Fee charged for making the facility available. Calculated as a percentage based on the facility limit or outstanding balance — whichever is higher during the charging period. | Ongoing | 1.7% of balance |
| Overdrawing Approval Fee Fee charged when a transaction causes the account to exceed the facility limit. | Event | $15.00 |
| Dishonour Fee Fee charged every time a transaction is declined due to insufficient funds within the account | Dishonour | $5.00 |
Features
- Overdraft available
- An overdraft is a revolving credit facility so you can continue to access funds as and when you need.
- Overdraft available
- There are no regular fixed repayments. Repay when you put money in your linked Business Transaction Account.
- Overdraft available
- Manage unexpected expenses, or cover the cash flow gap between receiving payments from customers and paying your suppliers.
- Overdraft available
- Access your overdraft just like you would funds in your business account, using an ATM, Netbank, CommBiz, EFTPOS, cheque, over the phone, in branch and the CommBank app.
- Overdraft available
- Interest is charged on the used amount of your approved limit
Eligibility
- Business customersA registered Australian business that includes sole traders, partnerships, trusts, limited or proprietary limited companies and if you are seeking a loan for business purposes only
- You haven't been declared bankrupt in the last 5 years.
- You haven't been overdrawn or had your account in arrears anytime in the past 3 months.
- You haven't had any accounts in collections in the past 6 months.
Constraints
- Minimum limit — $2,000.00The minimum overdraft amount is $2,000
More Information
Published by CommBank under the Consumer Data Right · Last updated 15 July 2026 · Product ID d7c55e295f504692a54360f0d2092c25 · View on CDR.gov.au