We understand that farming can be as unpredictable as the weather. That's why you can apply for a business overdraft to help smooth out seasonal fluctuations, cashflow shortages, unexpected expenses and manage payment cycles.
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.
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
We calculate the interest daily on any overdraft funds used and charge on the last business day of the month.
Should you become overdrawn without an arranged limit, the interest rate charged is currently 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