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What happens when you overdraw your account?

Last updated 03 May 2018

When you don’t have enough money in your CommBank transaction account (Smart Access, Everyday Offset, Streamline or Complete Access), our Overdraw feature may make extra funds available temporarily so that any direct debits or cheques you may have written can go through.

Examples of direct debits include automated payments for gym memberships, loan repayments, and bill payments.

Our Overdraw feature is currently available for direct debit and cheque payments.

Are there Overdraw fees?

If your CommBank transaction account (Smart Access, Everyday Offset, Streamline or Complete Access) is overdrawn by midnight (Sydney/Melbourne time), an Overdrawing Approval fee and interest charges may apply. Check our current rates and fees.

How to switch off account overdraw feature?

Call us 24/7 on 13 2221 to turn off our Overdraw feature, or visit your nearest branch. If you choose to switch off our Overdraw feature, any payments that exceed the money available in your account will be dishonoured. A dishonour fee may apply. Check our current fees.

You can also avoid going into overdraw by bringing your account back into credit by midnight (Sydney/Melbourne time) on the same day.

Helping you manage your money

As a one-off, our overdraw feature can help you avoid late bill payment fees. But there are ways we can help you manage your money so you don’t overdraw your account.

  • Check your account balance at any time in the CommBank app or NetBank
  • Know what’s happening with your money, by turning on Transaction Notifications in the CommBank app. We’ll tell you instantly when you pay or are charged for something on your CommBank debit or credit card
  • See what you spend with Spend Tracker in the CommBank app. It automatically categorises your spending, so you can see all the different areas where you spend your money


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