Features & benefits

A little extra when you need it

Avoid the inconvenience of overdrawing your account and paying dishonour fees - helping you feel better prepared for unexpected expenses.

Only pay for what you use

It's free to set up your overdraft account. And it won’t cost you anything if you don't use it.

If you choose to use your overdraft, you’ll pay interest on the money you use plus a fee of up to $10 a month.

Linked to your transaction account

A personal overdraft is connected to your CommBank Everyday account, so you can enjoy easy access to extra funds once approved – from $100 up to $20,000.

Easy to access

You can access your overdraft using your CommBank Keycard or Debit Mastercard®, or online in NetBank and the CommBank app.

Rates, fees & repayments

Type
Personal overdraft
Interest 
14.90% p.a.
Calculated daily on the money you use and charged monthly.
Overdraft usage fee 
If the highest amount used from your overdraft the month before is:
• $10 or more - you'll be charged $10
• less than $10 - you won't be charged a fee
Repayments 
There are no set minimum repayments.
While there is no set amount to pay back each month, you should aim to repay your overdraft as soon as possible to minimise any fees and interest.

How to apply

Applying for a new overdraft or overdraft limit increase is easy.
Get in touch to get started.

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Things you should know

Applications are subject to credit approval. View the Personal Overdraft Terms and Conditions (PDF 438kb). Full terms and conditions will be included in our Personal Overdraft offer. Other fees and charges may be payable.