Can I have debit interest taken from a different account?

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Last updated 16 November 2016

To choose the account debit interest is taken from, log on to NetBank and go to Settings.

You may be charged debit interest on your savings or transaction account if you have an Overdraft limit, or if you authorise a payment from your account and there are insufficient funds. For example, if you set up a direct debit but there aren’t enough funds in your account on the due date.

To avoid dishonouring your payment, we may still process the transaction and send the funds but this may mean your account’s overdrawn or exceeds its agreed overdraft limit.