What's CommBank AdvancePay?

CommBank AdvancePay gives you access to money you expect to be paid, before your next pay day.1 It's a short term facility applied to your everyday account as a temporary limit.2

Stay in control 

CommBank AdvancePay may help when unexpected costs hit and you need a short-term solution that helps avoid more costly options. It’s not intended to be used regularly and won’t be available every pay cycle.

To help you stay in control of your finances, we’ll limit the number of times you can use CommBank AdvancePay and only allow you to have one facility at a time. You’ll also only be able to access a portion of the money you expect to be paid. 

Features & benefits 

Access money at a time that suits you

Get access to a minimum amount of $300 before your next pay day.3 There’s no need to contact or involve your employer.

Apply online in minutes

You can apply online in just a few minutes, as long as you’re eligible. If approved, your limit should be available within seconds (but may take up to 1 business day).

A single upfront fee

You’ll be charged a fee depending on the amount you ask for. There are no extra charges if you pay back on time.

Fees & charges

There is a single, upfront fee of $5 for every $500 (or part of) you ask for. For example:

If you ask for
The fee amount is
Between $300 and $500
$5
Between $501 and $1,000
$10

This fee is charged when your CommBank AdvancePay limit is applied to your account, regardless of whether the temporary limit is accessed or not. Your final limit will be made up of the amount approved and the fee.4

How to repay your limit

Access to CommBank AdvancePay will expire on your chosen pay date. Any money paid into your account is automatically used to repay your CommBank AdvancePay.

Check if any direct debits or scheduled payments are due within your pay cycle. You’ll need to make sure there’s enough money in your account on your chosen pay date to repay your CommBank AdvancePay, otherwise your account will be considered overdrawn when your limit expires.

If you don’t repay on time

If your CommBank AdvancePay limit is not fully repaid once your chosen pay date arrives, your account will be considered overdrawn and you’ll be charged the debit excess interest rate. This interest rate is currently 14.90% p.a. and will apply on any overdrawn amounts. 

Other fees and charges related to your everyday account will continue to apply, for example an overdraw fee (currently $15.00) may apply if you make additional transactions on your account while overdrawn. See CommBank Transaction, Savings and Investment Account Terms and Conditions (PDF).

How to apply

It’s easy. Apply online by answering a few simple questions about your pay.

To be eligible to apply you must:

  • Have your income regularly paid into a CommBank Smart Access or Complete Access account
  • Be registered for NetBank
  • Have earned enough income to meet our $300 minimum limit
  • Be 2 days or more away from your next pay date
  • Be under the number of times CommBank AdvancePay can be accessed in a year
  • Meet our other lending criteria

If you’re not eligible today, you may be eligible in your next pay cycle, so you can try again.

Is CommBank AdvancePay right for you?

CommBank AdvancePay is a short term facility which we offer at our discretion and may not be available every pay cycle. If you need ongoing or longer term credit, other borrowing options may be more suitable (e.g. a personal overdraft, a credit card, accessing available redraw on your home loan or asking your phone or utility providers for help). Compare our other products.

If you’re facing financial difficulty, CommBank AdvancePay may not be suitable for you. Learn how our Financial Assistance Solutions team can help.

Things you should know

To do this, we rely on the information you tell us about your pay in your application as well as information we already have. We don’t contact your employer, so this is only an estimate.

A temporary credit limit gives you access to additional funds, up to an approved limit.

The maximum amount you may be able to apply for will be shown in your application form.

Your final limit is inclusive of a fee which is charged to your account at the same time your limit is established. For example, if you apply for $500, your CommBank AdvancePay limit will be $505 with a $5 fee charged, leaving you with available funds of $500.

Applications for finance are subject to the Bank’s normal credit approval. View the CommBank AdvancePay Terms and Conditions. Fees and charges may be payable.