Business Overdraft

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

Interest Rates

Type	Rate	Comparison	Applies To
Variable	8.11%	—	—

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 −0.6% of balance — This fee is waived for new customers	Upfront	0.6% of balance

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

Upfront

0.6% of balance

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.

Minimum age — 18 yearsAn individual 18 years and above
Business customersBe 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.

Published by Westpac under the Consumer Data Right · Last updated 15 May 2026 · Product ID BusinessOverdraft · View on CDR.gov.au