Overdrafts
Revolving credit that’s attached to your transaction account.
- Helps you through the leaner months
- Only pay interest on the debit balance
- Make lump sum repayments anytime without penalty
- No fixed term – it’s there when you need it
More detail
Convenient, cost-effective credit when you need it
Attached to your transaction or cheque account, an overdraft1 is a revolving credit facility that can help out when cash flow is slow. It can be cost-effective because you only pay interest on the debit amount.
Flexible repayment
You can pay back some or all of your overdraft whenever you like. There’s no fixed term – the facility stays in place even when you’re not using it. A monthly overdraft facility fee applies.
24-hour access
An overdraft can be accessed in the same way you usually access your transaction or cheque account - through internet banking, PC Banking, telephone banking, cheques, direct debits, automatic payments, EFTPOS or ATMs.
