Help & support
With CommBank AdvancePay, you can access money you expect to be paid, before your next pay day.1 If you’re eligible, the way it works is simple. For a short time, we’ll add a temporary limit to your everyday account. Your access to the limit will expire on your next pay day.2
With CommBank AdvancePay, you can access money you expect to be paid, before your next pay day.1 If you’re eligible, the way it works is simple. For a short time, we’ll add a temporary limit to your everyday account. Your access to the limit will expire on your next pay day.2
Get access to a minimum amount of $300 before your next pay day.3 There’s no need to contact or involve your employer.
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).
You’ll be charged a fee depending on the amount you ask for. There are no extra charges if you pay back on time.
There is a single, upfront fee of $5 for every $500 (or part of) you ask for. For example:
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).
It’s easy. Apply online by answering a few simple questions about your pay. CommBank AdvancePay can only be applied for online.
If you’re not eligible today, you may be eligible later in your pay cycle or in your next pay cycle, so you can try again at a later date.
CommBank AdvancePay may help when unexpected personal costs hit and you need a short-term solution that helps avoid more costly options. To help you stay in control of your finances, we limit how often you can use CommBank AdvancePay. We only allow you to have one facility at a time, and it won’t be available every pay cycle.
For ongoing or longer-term credit, other borrowing options may be more suitable (e.g. 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.
1 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.
2 A temporary credit limit gives you access to additional funds, up to an approved limit. CommBank AdvancePay is for personal use only.
3 The maximum amount you may be able to apply for will be shown in your application form.
4 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.