---
title: "Business Plus Overdraft — Summerland Bank"
description: "Overdrafts from Summerland Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/summerland-bank/products/63
source: "CDR Compare"
language: en-AU
last_updated: 2026-06-27T16:00:40.3243706Z
---

# Business Plus Overdraft — Summerland Bank

> Overdrafts from Summerland Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Overdrafts**

A line of credit linked to your business account, giving you easy access to funds, up to an agreed amount, to cover your cash flow needs.

## At a glance

- **From:** 10.29% (Variable)

## Apply

Applications are handled by the provider: [Apply at Summerland Bank](https://application.summerland.com.au/nPortal__SelfRegistration?product=a0uOm000005EqqdIAC&core=es5)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable (Secured by residential security.) | 10.29% | — | — |
| Variable (Secured by Non-Residential Security.) | 11.29% | — | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Loan Establishment Fee — Mortgage establishment, Mortgage extension and Guarantee establishment fees are also payable, valuations and legal service work such as mortgage preparation charged at cost. | Upfront | $800.00 |
| Overdraft Facility Fee — Charged monthly | Ongoing | $8.00 |
| Contract Variation/Consent Fee | Event | $300.00 |
| Mortgage Discharge Fee | Transaction | $250.00 |
| QuickDebit Dishonour Fee | Event | $15.00 |

## Features

- **Digital banking** (Open accounts, check balances, view transactions, transfer funds, schedule payments, BPAY, eStatements, SMS alerts, activate cards, change card PIN, mark card lost or stolen, loan redraw, loan status update, accept loan contracts and send secure messages.
)
- **Guarantor supported**
- **Notifications** — Event based notifications.
- **Real-time payments (NPP)**
- **PayID** (Set up a pay ID to receive lightning fast payments.
)
- **Save on paper, receive and view your statements online with eStatements.**

## Eligibility

- **Business customers** (Only a business may apply for the account.)
- **Minimum age** — 18 years (Minimum age applies to Sole Traders.)
- **Lending criteria apply.**
- **Residency status** — A Permanent Australian Resident including those working overseas. Borrowing entities must be a Permanent Resident of Australia

## Constraints

- **Minimum limit** — $1,000.00

## More information from Summerland Bank

- [Terms & conditions](https://www.summerland.com.au/account-access-facility-conditions-of-use)
- [Fees & pricing](https://www.summerland.com.au/loans-fees-charges)

## Data provenance

- Published by Summerland Bank under the Consumer Data Right
- Product ID: `63`
- Last updated by the provider: 27 June 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/summerland-bank/63
- Provider page: https://www.cdrcompare.au/brands/summerland-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000119

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/summerland-bank/products/63) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

Site map: [all providers](https://www.cdrcompare.au/) · [how this works](https://www.cdrcompare.au/about) · [agent guide](https://www.cdrcompare.au/agents.md) · [llms.txt](https://www.cdrcompare.au/llms.txt) · [sitemap.xml](https://www.cdrcompare.au/sitemap.xml)