Manage your cash flow with peace of mind.
A business overdraft is a fully fluctuating facility that allows you to continue drawing money up to the approved overdraft limit.
Benefits
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Helps you manage your cash flow
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Takes the stress out of covering wages and expenses
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Ultimate repayment flexibility
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Only pay interest on the funds used
Features
- Linked to Business Everyday Account
- At call funds
- Access via debit card, e-banking, or in branch
- Digital wallets and extra security
- Variable interest rate
How does it work?
An overdraft lets you access more than what you have in your transaction account.
You'll be charged interest on the amount you borrow. And you only need to make repayments to keep your balance below your overdraft limit.
Here's an example:
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1You have a $20,000 overdraft limit.
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2You use your overdraft to pay $15,000 in expenses.
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3You're charged interest only on the balance, not the limit.
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4Pay back the balance and you won't be charged any further interest.
Fees
Fees for this product may vary. Contact us for more information.
Can we help you?
Phone
Have a business lending need?
At a branch
Use our branch locator to search for a branch near you.
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Things you should know
Rates and fees differ based on the type of security, the loan amount and other factors.
* The Overlimit Rate applies in addition to your overdraft rate if you exceed an approved overdraft limit.
Subject to terms and conditions. Fees and charges apply. Full details available on application. All credit subject to Bendigo Bank's normal lending criteria.
