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Why choose a personal overdraft?

Be better prepared to manage unexpected expenses when they come up.

It’s $0 to set up and $0 if you don’t use your overdraft. If you do use your overdraft, you’ll pay interest on the money you use plus a fee of up to $10 a month.

There are no set minimum repayments, however you should aim to repay your overdraft as soon as possible to minimise any fees and interest.

14.90% p.a. is calculated daily on the money you use and charged monthly.

How does a personal overdraft work?

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.

You can access funds by using your CommBank Keycard or Debit MasterCard®, or online through NetBank and the CommBank app.

Avoid the inconvenience of overdrawing your account and any dishonour fees by making sure the cash you need is there when you need it.

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Things you should know

Applications for 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.