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About Personal Overdrafts


A Personal Overdraft is a feature of your Everyday Account that allows you to access additional funds, up to an approved limit.

With an overdraft on your Everyday Account, you can draw down past your own available funds to access additional funds.  You can access funds by withdrawing cash at an ATM, using your CommBank Keycard or Debit MasterCard®, or online through NetBank.

If you don’t use your overdraft, you won’t pay any fees and charges – it’s there when you need it and free when you don’t.  If you do use your overdraft, you will be charged interest on the amount used and a monthly fee. Learn more about how to manage your personal overdraft

  • Links directly to your Everyday Account
  • $0 establishment fee
  • No monthly interest charges or fees if you don't use your overdraft
  • Immediate access to funds through your CommBank Keycard or Debit MasterCard®
  • Avoid the inconvenience of declined transactions and associated dishonour fees

Rates and fees

14.90% p.a.* Interest rate

*subject to change  

Fee type



Establishment fee

Upfront cost payable when accepting a personal overdraft

No charge

Loan service fee

Monthly charge to cover costs of keeping account active

See table below

Highest Overdraft balance during the prior month

Monthly charge

$0 to $9.99

No charge

$10 or more


Other fees and charges may be payable. Full terms and conditions will be included in our Overdraft offer.

How to apply

Applying for a new overdraft or overdraft limit increase is quick and easy. You can either:

  • Call us on 13 1431
  • Visit your local branch

More information

  • Applications for finance are subject to our standard credit approval
  • Full terms and conditions will be included in our Personal Overdraft offer
  • Fees and charges are payable
  • A copy of our Standard Fees and Charges for Personal Loans and Personal Overdrafts can be picked up from any of our branches, or by calling 13 1431, 8.00am to 8.00pm, seven days a week

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Important information

MasterCard is a registered trademark of MasterCard International Incorporated.