BUDGET OVERDRAFT
Our Budget Overdraft provides easy access to extra funds when you need it.
- From
- 11%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 11% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| 50_ANNUAL_FEE Charged yearly | Ongoing | $50.00 |
| BULK_COIN_COUNTAGE Up to 2% for bulk coin counting above $300. Fee excludes money boxes & community | Deposit | 2% of transaction |
| DIRECT_DEBIT_DISHONOUR | Event | $9.00 |
| FOREIGN_CASH_WITHDRAWAL_FROM_VISA_DEBIT_CARD | Withdrawal | $3.00 |
| FOREIGN_CHEQUE_DEPOSIT | Transaction | $11.00 |
| OVERDRAWN_SAVINGS_ACCOUNT per occurence | Event | $20.00 |
| STATEMENT_COPY | Event | $2.50 |
| TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY A fee of 0.25% of total cash withdrawals is charged for total cash withdrawals over $4000 in a day. | Withdrawal |
Features
- Card access — Visa Debit
- Additional cards
- Overdraft available
- Digital banking
- Internet Banking and Mobile Banking App.
- PayID
- Create a PayID through Horizon Bank s Internet Banking or Mobile Banking App to receive Osko payments with a unique identifier, such as your mobile number or email address, enabling you to receive and send money securely without the need to remember complex banking details.
- Real-time payments (NPP)
- This account type is enabled for Osko payments, via the New Payments Platform (NPP). Osko is the faster way to pay or receive money from friends, family and businesses. No more waiting days for money to change hands. Now you can pay and be paid in a matter of seconds
- Bill payment (BPAY)
Eligibility
- Individuals only
Constraints
- Minimum balance — $500.00
- Maximum balance — $3,000.00
More Information
Published by Horizon Bank under the Consumer Data Right · Last updated 30 June 2026 · Product ID S9_S90001 · View on CDR.gov.au