Ready to apply?

To apply for an unsecured overdraft online, please check that your:

  • Contact details are up-to-date in NetBank
  • Business details are up-to-date with The Australian Business Register (ABR) and the Australian Securities and Investments Commission (ASIC)
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How to apply

Eligibility criteria

  • You are an existing CommBank customer with a NetBank client number - we use information on your income and expenses so it is important you are actively using your Business Transaction Account
  • You are a sole trader or single director of a domestic proprietary company
  • You have an ABN or ACN
  • Your business does not have a tax debt or tax arrears with the Australian Taxation Office (ATO)
  • Your business is not in the following industries:
  • mining
  • property development
  • non-government school
  • Your business is not a franchise or not-for-profit organisation

If you’re not eligible to apply online, visit your nearest branch. We’ll help you there.

How to apply online

  1. We will ask you to answer several questions and ask for your consent to run a quick credit check.

    This will help us to decide if a business overdraft is a suitable option for you.
  2. If approved, we will confirm your business overdraft interest rate and ask you to consider and accept our Terms and Conditions.
  3. You will need to review, consider and accept your Letter of Offer online.
  4. We will set up your business overdraft and link it to your preferred business transaction account.

    You can access your business overdraft immediately in NetBank.

Get started