Tips to create a backup plan

There may be times in life when you need access to extra funds to pay for emergencies or unexpected bills. That’s where a Personal Overdraft can help. It’s a smart and convenient way of ensuring you have access to money when you need it.

Linked for easy access

A Personal Overdraft is linked directly to your Everyday Account with Smart Access or Complete Access, so you access it anytime you want via ATMs, EFTPOS, cheque, NetBank and even over the phone.

Money at hand

One of the advantages of a Personal Overdraft is that it helps you avoid the inconvenience of declined transactions. It also gives you that added peace of mind knowing that if money gets tight or an unplanned expense crop ups, you’re covered.

Only pay for what you use

Best of all, there’s no establishment fee and there are no charges if you don’t use your overdraft. Also, a quarterly loan service fee is only charged when you overdraw more than $100.

Download and complete a Personal Overdraft application form (PDF 121KB)

• Important information:
  General Information and Terms and Conditions issued by Commonwealth Bank of Australia ABN 48 123 123 124 for Everyday Account with Smart Access and Complete Access accounts are available on this website or from any branch of the Bank and should be considered before making any decision about these products. Applications for Personal Overdraft are subject to credit approval. Full terms and conditions will be included in the loan offer. Other fees and charges are payable.