Secured Business Overdraft
OverdraftsData Sharing Status
A Secured Business Overdraft works in conjunction with your IMB Business Transaction Account to assist you with the day-to-day working capital requirements of your business
- From
- 7.84%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 7.84% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | Up to $4,999.99$5,000 to $19,999.99$20,000 to $49,999.99$50,000 to $99,999.99$100,000 and over | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Monthly Account Keeping Fee Charged monthly
| Ongoing | $6.00 |
| Special clearance on cheques Maximum charge. Charges either wholly or partly imposed by third parties. | Event | $16.00 |
| Application fee Percentage of the facility limit | Upfront | 0.5% of balance |
| Overdraft Line Fee Percentage of the facility limit | Ongoing | 0.25% of balance (monthly) |
| Phone Banking - Operator Assisted – Purchase Financial Institution Cheque Per cheque | Withdrawal | $6.00 |
| Phone Banking - Operator Assisted – Cheque bill payments Per cheque | Withdrawal | $6.00 |
| Visa Debit Card - International purchase |
Features
- Card access — IMB Visa Debit Card and Cashcard available
- Visa Debit Card is not available to individuals under 15
- Additional cards
- Account holders may hold both a Visa Debit and Cashcard per eligible account
- Free transaction allowance
- IMB's Member Transaction Allowance applies to offset transaction fees on this account.
- Overdraft available
- Redraw facility
- Digital banking
- Internet Banking and Mobile Banking App.
- PayID
- Create a PayID through IMB’s Internet Banking or Mobile Banking App to receive Osko payments.
Eligibility
- Business customers
- Lending criteria, terms and conditions apply
Constraints
- Minimum limit — $2,000.00
- Maximum limit — $500,000.00Higher amounts may be considered on individual basis
More Information
Published by IMB Bank under the Consumer Data Right · Last updated 28 May 2026 · Product ID OD-25-1 · View on CDR.gov.au · View Source Data (JSON)