The Finance Algorithm
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BUDGET OVERDRAFT

Our Budget Overdraft provides easy access to extra funds when you need it.

OverdraftsBank updated 1 July 2026
Apply at Horizon Bank ↗Product page ↗Fees and pricing ↗Terms ↗

At a glance

Variable
0.01%

Rates

Every rate Horizon Bank publishes for this overdraft, 2 in all.

TypeApplies toTermBandRateComparisonConditions
Variable---11.00%--
Variable---0.01%-paid every 1 mo

Fees

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

While you hold it1

  • 50_ANNUAL_FEE
    $50 a year

When you make a transaction5

  • BULK_COIN_COUNTAGE

    Up to 2% for bulk coin counting above $300. Fee excludes money boxes & community

    2.00% of transaction
  • FOREIGN_CHEQUE_DEPOSIT
    $11
  • VISA_CARD_INTERNATIONAL_TRANSACTION_FEE
    3.00% of transaction
  • FOREIGN_CASH_WITHDRAWAL_FROM_VISA_DEBIT_CARD
    $3
  • TOTAL_CASH_WITHDRAWAL_ABOVE_4000_PER_DAY

    A fee of 0.25% of total cash withdrawals is charged for total cash withdrawals over $4000 in a day.

    0.25% of transaction

When particular things happen4

  • DIRECT_DEBIT_DISHONOUR
    $9
  • OVERDRAWN_SAVINGS_ACCOUNT

    per occurence

    $20
  • STATEMENT_COPY
    $2.50
  • VISA_CARD_REPLACEMENT

    Australia only

    $9

Features

Instant paymentsPayIDDigital bankingOverdraftApple Pay, Samsung Pay and Google Pay
  • Manage payments from your bank account using PayTo.

Eligibility and limits

  • Available to individuals
  • Minimum balance $500

Published by Horizon Bank under the Consumer Data Right, last changed by them on 1 July 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.