---
title: "Business Overdraft — Westpac"
description: "Overdrafts from Westpac. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/westpac/products/BusinessOverdraft
source: "CDR Compare"
language: en-AU
last_updated: 2026-05-15T01:02:03Z
---

# Business Overdraft — Westpac

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

**Overdrafts**

Provides cash flow relief with funds to cover business expenses, such as invoices and wages until you?re paid.

## At a glance

- **From:** 8.11% (Variable)

## Interest rates

| Type | Rate | Comparison | Applies to |
| --- | --- | --- | --- |
| Variable | 8.11% | — | — |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Monthly Line Fee — Charged monthly · Monthly Line Fee: 1.20% p.a. (of total limit) charged at the beginning of the month. Other fees may apply. | Ongoing | 1.2% of balance |
| Lending Establishment Fee — Minimum charge of $600.00 · Discount −0.6% of balance — This fee is waived for new customers (eligibility: Other: Terms and Conditions for the $0 Establishment Fee Waiver Offer on Business Overdrafts. We will waive the establishment fee for eligible new Business Overdrafts of up to $1 million. T&Cs Apply) | Upfront | 0.6% of balance |

## Features

- **Special offer: $0 establishment fee for a limited time, you?ll pay $0 establishment fee when you add a Business Overdraft to a business transaction account or top-up your existing Business Overdraft. This could save you up to $1,500 on a new overdraft limit of $250,000, or $750 on an overdraft top-up of $250,000. Offer is available for applications received and approved between 7 April 2026 and 30 Sep 2026. New limit or Top-up of up to $1m.**
- **Keep your cash flowing - Access extra funds anytime.**
- **Only pay interest on what you use: Interest is charged only when your spending exceeds your transaction account balance.**
- **Digital banking** (Easily manage and access your business overdraft via Online, Telephone, Mobile or Tablet Banking and via our ATM network.)
- **Repay at any time:  No regular amount or time frame to make repayments.**
- **Extra repayments** (Subject to terms and conditions, this product includes extra repayment features.)
- **Digital banking** (With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account.)
- **Relationship management** (Relationship management is available for eligible customers.)
- **Overdraft available** (Temporary Overdraft is available for customers. Temporary Overdraft is a one-off short term working capital facility for existing business customers, with or without an existing overdraft agreement. Requests for new customers may be approved by a Credit Officer on an exception basis)

## Eligibility

- **Minimum age** — 18 years (An individual 18 years and above)
- **Business customers** (Be a business entity or an individual 18 years and above, domiciled in Australia; and require the funding wholly or predominantly for business purposes)
- **Have a valid Westpac Business Transaction account.**
- **Meets the credit criteria and credit policy requirements under an applicable offer for this product.**

## More information from Westpac

- [Overview](https://www.westpac.com.au/business-banking/business-loans/small-business-loans/business-overdraft/)
- [Terms & conditions](https://www.westpac.com.au/business-banking/business-loans/small-business-loans/business-overdraft/)
- [Eligibility](https://www.westpac.com.au/business-banking/business-loans/small-business-loans/business-overdraft/)
- [Fees & pricing](https://www.westpac.com.au/business-banking/business-loans/small-business-loans/business-overdraft/)

## Data provenance

- Published by Westpac under the Consumer Data Right
- Product ID: `BusinessOverdraft`
- Last updated by the provider: 15 May 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/westpac/BusinessOverdraft
- Provider page: https://www.cdrcompare.au/brands/westpac
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000002

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/westpac/products/BusinessOverdraft) — 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.

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