Features & benefits

Manage cash flow

Get access to extra money when you need it so you can pay for bills, salaries and supplier invoices.

Link to a transaction account

Connect to a CommBank Business Transaction Account. If you haven't got one, we'll open it with your overdraft.

No monthly account fee 

We'll waive the $10 account fee on your linked Business Transaction Account

No set term or security1

Up to $50,000 with no minimum or fixed term.

Flexible repayments

A minimum monthly repayment of interest, fees and charges.

Easy to access

24/7 access to the extra funds using an ATM, NetBank and the CommBank app.

Rates & fees


  • 14.55% p.a. calculated daily on the amount used from your overdraft
  • Charged monthly

Overdraft limit fee

  • 1.75% p.a. charged on the total overdraft limit or the highest loan balance, whichever is greater
  • Charged quarterly

It's simple to apply

To apply, you'll need to be a:

  • Business trading for more than 12 months
  • Sole trader or company with one director (if you have two directors, visit your nearest branch to apply)

Have these details ready when you apply:

  • Australian Business Number (ABN) or Australian Company Number (ACN)
  • Most recent tax return
  • Most recent business activity statement (BAS)2
  • Payslip (if you've got personal income)
  • Any business and personal credit card or loan held with another financial institution

We'll call you within 48 hours of your application.

Apply online

Things you should know

1 Directors guarantees are required for companies.

BAS is required if tax return is older than 12 months or if no tax return is provided. If your tax return is older than 12 months, then most recent BAS is required. If your tax return is older than 21 months, then your two most recent BAS are required.

As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. Applications are subject to the Bank’s normal credit approval. Fees and charges are payable.

View Terms and Conditions for Simple Business Overdrafts and our Financial Services Guide and consider them before making any decision about these products.