Overdraft

An overdraft can help you manage your cash flow with greater ease.

This flexible line of credit is designed to provide you with extra cash to cover seasonal or unexpected expenses. As you only pay interest on the money you use, you can save on interest costs relative to a standard business loan.

Features
Our overdraft facility provides:

• Flexible credit
• Electronic access
• The choice of  establishing the facility on a  Business Transaction Account or a Premium Business Cheque Account attached to the facility
• No fee on daily merchant summaries
• Interest based on a variable rate, which is calculated daily and charged monthly on the amount used

How can it help your business?
With the help of an overdraft, you can:

• Better manage seasonal cash flow demands
• Save interest costs by only paying for the funds that you use

• Important information about advice
  As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb).
• View Terms and Conditions for Business Cheque and Savings Accounts (PDF382kb) and consider them before making any decision about these products.
• Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions will be included in our Letter of Offer. Fees and charges are payable.
• Limits are determined by an assessment of your business needs with no preferred minimum or maximum amount.