At a glance
- Variable
- 11.74%
- Loan size
- $1,000 to $20,000
- Upfront fee
- $149
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.
Lowest advertised rate open to anyone, including lines of credit secured against a home. One dot per institution, at its lowest personal overdraft or line of credit rate anyone can apply for; hover or tap a dot for its name.
| Rate | This overdraft | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Personal overdraft or line of creditLowest advertised rate open to anyone, including lines of credit secured against a home | 11.74% | 7.49%Police Credit Union Limited's Allegro Line of Credit | 9.25%of 15 institutions | 10th lowest of 15 |
Rates
The one rate Gateway Bank publishes for this overdraft.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableEdge Overdraft | Owner occupied, P&I | - | - | 11.74% | - | - |
Fees
9 fees published, grouped by when they're charged.
When you take it out1
- Establishment Fee
Payable at settlement per loan
$149
When you make a transaction8
- BPAY Error Correction
BPAY Error Correction
$25 - BPAY Payment (Staff assisted)
BPAY Payment (Staff assisted)
$7.50 - BPAY Trace
BPAY Trace
$25 - Corporate (Bank) Cheque - Over the counter
Corporate (Bank) Cheque - Over the counter or mailed
$7.50 - Direct Entry/EFT Recall
Direct Entry/EFT Recall
$25 - Direct Entry/EFT Trace
Direct Entry/EFT Trace
$25 - Real Time Gross Settlement (RTGS)
Real Time Gross Settlement (RTGS) (same day EFT)
$30 - Withdrawl Transaction Fee for staff assisted
Withdrawl Transaction Fee for staff assisted transactions
$7.50
Features
Eligibility and limits
- Minimum age 18
- Amount $1,000 to $20,000
Compare it with others
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Published by Gateway Bank under the Consumer Data Right, last changed by them on 23 Jan 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.