1 Waived if you have an unsecured overdraft of less than$250,000.
2 Line fee: An overdraft line fee is charged for making your business overdraft available to you 24/7. It is charged on your highest limit or balance. It is calculated daily but charged on the 1st of every quarter (March, June, September, December). If you exceed your business overdraft limit, your line fee rate will stay the same (and other fees and interest charges may apply, such as an Overdrawing Approval Fee and Excess Drawing Rate). Your line fee will be charged on the total balance, meaning it will apply to your approved overdraft limit plus the amount you exceed the limit by.
Refer to the overdraft reference rates and fees within our business banking rates and fees, as these are subject to change. Interest rate margins will apply.
This information is current as at 24 July 2020 and is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should consider the appropriateness of this information to your circumstances before acting on it.
Credit provided by the Commonwealth Bank of Australia. These products are only available to approved business customers and for business purposes only. This offer cannot be used to refinance existing debt or purchase an asset. Applications for finance are subject to the Bank's eligibility and suitability criteria and normal credit approval processes. View our Current Terms and Conditions for Business Finance, Financial Services Guide and business transaction account terms and conditions and consider them before making any decision about these products. For current interest rates, visit business banking rates and fees. Rates are subject to change. Fees, charges and Terms & Conditions apply.
Terms and conditions issued for CommBiz and NetBank are available on our website at commbank.com.au, from any of our branches or by phoning us on 13 2221, and should be considered before making any decision about these products. For current interest rates, visit commbank.com.au/business/rates-fees.