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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

16.60% p.a.* Interest rate

*subject to change  

Fee type



Establishment fee

Upfront cost payable when accepting a personal overdraft


Loan service fee

Monthly charge to cover costs of keeping account active

See table below

Peak Debt During a Month

Monthly Charge



$1 to $1000


$1001 to $5000


More than $5000


Other fees and charges are payable. Full terms and conditions will be included in our loan offer.

How to apply

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

  • Check the offers tab in your CommBank app to see if you have an invitation for a Personal Overdraft.  If you do, you can accept the offer in the app and get access to funds immediately.
  • Call us on 13 2221
  • Visit your local branch

More information

  • Applications for finance are subject to our standard credit approval
  • Existing customers may receive conditionally approved offers for personal overdrafts.  These offers are made based on our records of a customer’s financial situation and are subject to final approval at the time of applying.
  • 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 14 31, 8.00am to 8.00pm, seven days a week

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Important information

MasterCard is a registered trademark of MasterCard International Incorporated.