Business Overdraft Facility
The Business Overdraft Facility is a line of credit attached to a Business Cheque Account to help manage cash flow or any unexpected business expenses. The account should fluctuate between credit and debit balance.
- From
- 8.26%
- Variable
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Base rate only, an additional margin is applied for security type (cash, residential and commercial) and the applicants credit risk. | 8.26% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Replacement Document Fee Capped at $0.00 · Fee is payable for replacement of documents due to the original documentation being lost or amendments to the original documents being required. | Replacement | $100.00 |
| Upfront Legal & Document Fees Capped at $0.00 · Minimum Fee is $250. The costs for reviewing documents and preparing security documents and facility agreements differ based on the type of security and other factors. The estimated fees will be provided in your Letter of Offer. | Upfront | Variable |
| Limit Excess Fee A limit excess fee of $17.50 each time the facility limit is exceeded. If the balance owing exceeds the facility limit with or without our approval, we charge interest on that excess at the default rate. | Event | $17.50 |
| Interest Rate Conversion Fee Capped at $0.00 · Fee is payable for interest rate maintenance/conversion with a Letter of Variation or Letter of Advice. | Variation | $250.00 |
| Application Fee Also known as establishment fee and payable when you accept the commercial letter of offer. (Does not apply to Residentially Secured Business Loan). | Upfront | 0.25% of balance |
Features
- Card access — VISA
- Full transactional access with a Visa Debit card.
- No ongoing account keeping fees where overdraft limit is $20,000 or greater.
- Digital banking
- Internet Banking and Mobile Banking.
- Relationship management
- Eligible customers enjoy dedicated and personalised service from the Business Solutions team.
- Digital wallet — Apple Pay
- Available for Visa cards only.
- Digital wallet — Google Pay
- Available for Visa cards only.
Eligibility
- Minimum age — 18 yearsMinimum cardholder age 16 years.
- Business customersAvailable for business purposes for individual and non-individual borrowers, including sole traders, and companies.
- Residency status — Available to permanent Australian Residents.
- The Business Overdraft is required to be attached to a Business Cheque Account or Club Account.
More Information
Published by Newcastle Permanent Building Society under the Consumer Data Right · Last updated 24 June 2026 · Product ID BL_busoverdraft · View on CDR.gov.au · View Source Data (JSON)