
A little extra when you need it
Unsecured Personal Overdraft
A personal overdraft is a credit facility that can be a feature of an Everyday account.
It gives you the convenience of extra funds to pay for unexpected expenses, whether it’s a new home appliance or unexpected expenses.
Only pay interest on what you use
Linked to your transaction account
It’s easy to access




How do personal overdrafts work?
You have $500 in your account and you need to pay for $1,000 of expenses. You pay your expenses – using your funds of $500 and $500 of your overdraft. Once you receive $1,000 salary payment, you’ll have $500 of your own funds left after paying off your $500 overdraft.
How to pay it off
Any money you put into your transaction account is automatically used to repay your overdraft balance – such as your salary, transfers and other deposits. Your overdraft is ongoing, so you can access it whenever you need it. However, keep in mind that paying it back quickly will minimise your fees and interest charges.
Rates and Fees
Interest Rate 10.95% p.a.
Calculated daily on the money you use and charged monthly
Application fee $100