Commercial Overdraft
Special offer: $0 establishment fee for a limited time. Save $250 or more^
Pay no establishment fee when you add an overdraft to a business transaction account. Offer is available for applications received and approved between 1 October 2024 and 31 December 2024.
Limited time offer. Credit and eligibility criteria, T&Cs, fees and charges apply. BankSA Business transaction account required.
Apply by calling 1800 804 411
Features
- Flexible short–term finance
- Smooth out ‘dips’ in cash flow linked to your eligible BankSA transaction account
- Variable interest rate.
- $0 establishment fee for a limited time. Save $250 or more^
What you get
Approved limit
A transaction account with an approved limit and 24/7 access to available funds.
Flexible repayment options
No set repayments.
24/7 access*
You can access your commercial overdraft using a Business Visa Debit Card, Internet and Phone banking or in branch.
Security
Cash, property or business assets may be offered as security
Eligibility
- A business entity or an individual 18 years and above, domiciled in Australia; and
- Requires the funding for business or investment purposes other than investment in residential property; and
- Meets the credit criteria and credit policy requirements under an applicable offer for this product.
Interest rates
- Variable interest rate applies
- Interest is calculated daily on the balance owing, and charged monthly
- A margin may apply depending on the type of security provided
- Fixed rates are not available on a Commercial Overdraft.
Talk to your banker today for more information on applicable interest rate.
How to apply
Important information
Conditions, fees and credit criteria apply.
*Subject to systems availability.
^ Commercial Overdraft Establishment Fee Waiver:
Offer comprises waiving of the relevant establishment fee for any new Commercial Overdraft, or increase to an existing Commercial Overdraft, where the application is received and approved between 1 October 2024 and 31 December 2024.
- You must have an eligible BankSA Business Transaction account.
- This offer cannot be used in conjunction with any other offer and may be varied or withdrawn at any time.
- Excludes Temporary Overdrafts.
- Applications that include other products may incur separate Establishment Fees.
- If you think that there has been an error in your charging of an establishment fee please contact us.
- Terms, conditions, fees, charges, credit criteria apply.
Find out what information you need to provide to become a customer.
Before making a decision, it's best to read the terms and conditions which are available on application. The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it's right for you.