Commercial Unsecured Overdraft

Obtain a flexible unsecured line of credit with a variable interest rate. If you're applying for an unsecured commercial overdraft, you must be an existing Bank of Melbourne business customer.

OverdraftsBank updated 28 Oct 2026

Product page ↗Fees and pricing ↗Terms ↗

At a glance

Variable: 10.06%
Upfront fee: $250

How it compares

This overdraft in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

Typical 10.06%

10%12%14%16%18%

This overdraft: 10.06%Every other institution's lowest, 11 in all

Lowest advertised rate; most are variable. One dot per institution, at its lowest business overdraft rate anyone can apply for; hover or tap a dot for its name.

Typical 10.06%

10%12%14%16%18%

This overdraft: 10.06%Every other institution's lowest, 11 in all

Lowest advertised rate; most are variable. One dot per institution, at its lowest business overdraft rate anyone can apply for; hover or tap a dot for its name.

Rate	This overdraft	Best anywhere	Typical institution	Where it sits
Business overdraftLowest advertised rate; most are variable	10.06%	8.24%IMB Bank's Commercial Credit line	10.06%of 12 institutions	6th lowest of 12, level with 2 others
Business overdraftLowest advertised rate; most are variable	10.06%	8.24%IMB Bank's Commercial Credit line	10.06%of 12 institutions	6th lowest of 12, level with 2 others

Rates

The one rate Bank of Melbourne publishes for this overdraft.

Type	Applies to	Term	Band	Rate	Comparison	Conditions
VariableCommercial Base Rate	-	-	-	10.06%	-	-

Rate changes

One change logged, newest first.

Date	Rate	Was	Now	Change
9 Oct 2026	Variable	9.81%	10.06%	up 0.25

Each change is logged the night it appears in the rates Bank of Melbourne publishes. See how every lender answered the RBA on the rate tracker.

Fees

2 fees published, grouped by when they're charged.

When you take it out$250Lending Establishment Fee
While you hold it1.20% of balance a monthLine Fee
When you close it or pay it offNo fee published

When you take it out1

Lending Establishment Fee
$250

While you hold it1

Line Fee
A Line fee is charged monthly on the overdraft limit. This Fee is subject to negotiation. It will be set out in your Facility Offer.
1.20% of balance a month

Features

RedrawExtra repaymentsRelationship manager

Approved amount of extra funds linked to your business transaction account
Access funds when spending exceeds your business account balance
Secured or unsecured option
Variable interest rates
24/7 access to available funds, up to the approved limit
Only pay interest on the overdraft amount used
Manage cash flow while you wait for customer payments
Helps with unexpected business expenses

Eligibility and limits

Minimum age 18
Available to businesses
Meets the credit criteria and credit policy requirements under an applicable offer for this product.
If you're applying for an unsecured commercial overdraft, you must be an existing�Bank of Melbourne business customer in addition to meeting the above criteria.

Compare it with others

All overdrafts Other Bank of Melbourne overdrafts Everything Bank of Melbourne publishes

Put this product through a calculator

Published by Bank of Melbourne under the Consumer Data Right, last changed by them on 28 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.