Stay in control
CommBank AdvancePay is best suited when unexpected costs hit and you need a one-off solution to avoid more expensive loans and fees. It’s a short term facility that isn’t available every pay cycle. To help you stay in control, 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, so you still have funds left over on pay day.
Get access to money before your next pay day when you need it, between $300 and $750. There’s no need to contact or involve your employer.
If eligible, you can apply through NetBank or the CommBank app in just a few minutes and we’ll let you know whether or not you’re successful within 1 business day.
You’ll be charged a fee depending on the amount you ask for. There are no extra charges if you pay back on time.
A fee will be charged when your CommBank AdvancePay limit is applied to your account. This is charged regardless of whether the temporary limit is accessed or not.
Your temporary limit will be made up of the amount approved and the fee3.
How to repay your limit
Access to CommBank AdvancePay will expire on your nominated pay date. Any money paid into your account is automatically used to repay your CommBank AdvancePay.
As you can access money paid into your account during your pay cycle, you’ll need to make sure there’s enough money in the account on your nominated pay date to repay your CommBank AdvancePay limit.
If you don’t repay on time
If your CommBank AdvancePay limit is not fully repaid once your nominated 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 may apply if you make additional transactions on your account while overdrawn. See CommBank Transaction, Savings and Investment Account Terms and Conditions (PDF).
CommBank AdvancePay is currently available to a limited number of customers through an offer in NetBank or the CommBank app. You may be eligible to receive an offer if you:
Applying for CommBank AdvancePay is easy:
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 or accessing available redraw on your home loan). 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.
1To 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.
2A temporary credit limit gives you access to additional funds when your account balance reaches zero, up to an approved limit.
3Your 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 (as requested).
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.
