CommBankBusiness Overdraft
Access additional funds directly from your business transaction account, to manage your business cash flow or unexpected expenses.
At a glance
- Variable
- 0.10%
- Loan size
- $2,000 to no maximum
Rates
Every rate CommBank publishes for this overdraft, 11 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| PenaltyDefault Interest Rate. Interest charged if you fail to pay an amount on the due date. Advertised interest rates may vary depending on individual application circumstances. Rates and fees are subject… | - | - | - | 16.50% | - | Interest charged if you fail to pay an amount on the due date. |
| VariableNon-standard Interest Premium: Fee charged when the interest charging frequency deviates from the standard monthly cycle (e.g. quarterly, semi-annually or annually) | - | - | - | 0.10% | - | - |
| VariableNon-standard Interest Premium: Fee charged when the interest charging frequency deviates from the standard monthly cycle (e.g. quarterly, semi-annually or annually) | - | - | - | 0.20% | - | - |
| VariableNon-standard Interest Premium: Fee charged when the interest charging frequency deviates from the standard monthly cycle (e.g. quarterly, semi-annually or annually) | - | - | - | 0.45% | - | - |
| VariableResidential Equity Rate - variable rate, residential security. Interest charged on the drawn portion of the facility limit. Based on a variable base rate, plus or minus a customer-specific margin. Ad… | - | - | - | 8.60% | - | - |
| VariableSecured Business Overdraft Variable Rates from 9.00%. Advertised interest rates may vary depending on individual application circumstances. Rates and fees are subject to change. Fees, charges, T&Cs a… | - | - | - | 9.00% | - | - |
| VariableCorporate Overdraft Reference Rate (CORR). Interest charged on the drawn portion of the facility limit. Based on a variable base rate, plus or minus a customer-specific margin. Advertised interest ra… | - | - | - | 11.58% | - | - |
| VariableCommercial Overdraft Index Rates (OIR). Interest charged on the drawn portion of the facility limit. Based on a variable base rate, plus or minus a customer-specific margin. Advertised interest rates… | - | - | - | 12.18% | - | - |
| VariableOverdraft Index Rate (OIR). Interest charged on the drawn portion of the facility limit. Based on a variable base rate, plus or minus a customer-specific margin. Advertised interest rates may vary de… | - | - | - | 12.18% | - | - |
| VariableDebit Interest Rate. Interest charged on the drawn portion of the facility limit. Based on a variable base rate, plus or minus a customer-specific margin. Business Overdraft Online Unsecured Variable… | - | - | - | 15.05% | - | - |
| VariableExcess Drawing/Debit Interest Rate. Interest charged on any amount exceeding the facility limit. Advertised interest rates may vary depending on individual application circumstances. Rates and fees a… | - | - | - | 17.68% | - | - |
Fees
5 fees published, grouped by when they're charged.
- When you take it outVariesEstablishment Fee
- While you hold itVaries2 fees, each listed below
- When you close it or pay it offNo fee published
When you take it out1
- Establishment Fee
Fee charged to establish or refinance a facility. This may be a dollar amount or a percentage of the facility limit.
Varies
While you hold it2
- Line Fee
Fee charged for making the facility available. Calculated as a percentage based on the facility limit or outstanding balance — whichever is higher during the charging period.
1.70% of balance a month - Line Fee
Fee charged for making the facility available. Calculated as a percentage based on the facility limit or outstanding balance — whichever is higher during the charging period.
1.70% of balance every 3 months
If a payment is late or fails1
- Dishonour Fee
Fee charged every time a transaction is declined due to insufficient funds within the account
$5
When particular things happen1
- Overdrawing Approval Fee
Fee charged when a transaction causes the account to exceed the facility limit.
$15
Features
Eligibility and limits
- Available to businesses
- Amount from $2,000, no maximum
- You haven't been declared bankrupt in the last 5 years.
- You haven't been overdrawn or had your account in arrears anytime in the past 3 months.
- You haven't had any accounts in collections in the past 6 months.
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Published by CommBank under the Consumer Data Right, last changed by them on 9 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.