• Manage your cashflow with confidence.
  • Know extra money is available if you need it.
  • Repay money when it best suits you.

Business overdraft features.

Access to funds

You can access your overdraft funds like other money in your account - using online banking, ATMs, phone banking or at any Westpac branch. 

Flexible repayments

No fixed monthly repayments - you have total flexibility. 

Agreed limits

Your limit will be reviewed regularly to ensure it’s working for your business. Your minimum limit is $500 and the maximum is subject to bank's credit lending criteria1.

Temporary extensions

Apply for a temporary extension if you need it.

Reduce your overdraft

You can arrange for your overdraft to be reduced at any time. 

Call 0800 288 101

How an overdraft works.

An overdraft is a loan with an agreed limit that you can access at any time. It allows you to get hold of extra money to help when you need it. It does accrue interest. 

Interest and fees.


Interest is calculated daily on any overdraft funds used and charged on the last business day of the month and rates are subject to change.

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 and are subject to change.

An establishment fee and some other services fees may apply, including overdrawn or line of credit charges, may apply from time to time. See the Business transaction and service fees brochure for more details.

Apply for an overdraft.

To apply, talk to us today.

Things you should know.

1Depending on the amount of your overdraft, you might need to provide some security, such as residential property, commercial property or business assets.

Terms, conditions, fees and charges apply to Westpac products and services. See the Business transaction and service fees brochure for more details.

Lending criteria applies to all applications for finance.