Agribusiness overdraft

A Business Overdraft on your business account can provide cash flow to cover seasonal fluctuations, and business expenses, such as invoices and wages until you’re paid.

Extra money to help cash flow management

  • access your overdraft funds through Phone Banking, Business Online banking, at your local branch, or by any usual payment method
  • there are no minimum or fixed monthly repayments so can manage your overdraft as it suits you
  • and you can apply for a temporary overdraft extension if you need it
  • we can set up your overdraft limit to reduce over time by a set amount on an agreed regular cycle

How it works

You can apply for an overdraft facility for your primary business transaction account. We’ll review your overdraft periodically to check it’s giving you what you need.

Overdraft details

  • minimum overdraft limit – $500
  • maximum overdraft limit – depends on your ability to meet credit and debt-servicing criteria
  • we may need some security, such as residential property, commercial property or business assets

Interest charges

We calculate the interest daily on any overdraft funds used and charge on the last business day of the month.

If you become overdrawn without an arranged limit, the interest rate charged is currently a reduced rate of 19.95% p.a. This rate is available until 31 March 2021. On and from 1 April 2021, the interest rate for overdrawn amounts without an arranged limit will revert to the existing rate of 26.95% p.a.


  • normal transaction fees will apply for your account
  • an establishment fee applies and some other services fees, including overdrawn or line of credit charges, may apply from time to time