IMB Bank
Unsecured Business Overdraft
An Unsecured Business Overdraft works in conjunction with your IMB Business Transaction Account to assist you with the day-to-day working capital requirements of your business
OverdraftsBank updated 22 Sept 2026
At a glance
- Variable
- 0.01%
- Loan size
- $2,000 to $20,000
- Monthly fee
- $7.60
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 10.84% | — | — |
| Variable | — | — | $100,000+ | 0.01% | — | paid every 1 mo |
§ 02 — Fees · 67
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Visa Debit Card - Cash advances (domestic & international) | Cash advance | 2.50% of transaction | — | A transaction fee of the higher of $5 or 2.5% is charged for any cash advance made using a Visa Debit Card in: a) a currency other than $AUD (after conversion to $AUD); or b) $AUD (or any other curre… |
| Bulk coin count | Deposit | $5 | — | Maximum charge |
| Foreign cheque conversion (value AU$10,000 and greater) | Deposit | $50 | — | Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties |
| Foreign cheque conversion (value less than AU$10,000) | Deposit | $25 | — | Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties |
| IMB ATM - Cheque deposit | Deposit | $0.75 | — | Fee applies to each account that a cheque is deposited into. If a cheque deposit is split across multiple accounts, the fee is applied to each account separately. |
| Manual deposit other institution | Deposit | $10 | — | — |
| Other facilities - Cheque deposit | Deposit | $0.75 | — | Fee applies to each account that a cheque is deposited into. If a cheque deposit is split across multiple accounts, the fee is applied to each account separately. |
| Over the counter - cash deposit | Deposit | $0.50 | — | — |
| Over the counter - Cheque deposit | Deposit | $0.75 | — | Fee applies to each account that a cheque is deposited into. If a cheque deposit is split across multiple accounts, the fee is applied to each account separately. |
| Audit Certificate | Event | $30 | — | Per certificate |
| BPAY payment return | Event | $5 | — | — |
| Card replacement (in excess of 1 p.a.) | Event | $10 | — | — |
| Copy of Financial Institution cheque | Event | $16 | — | Maximum charge. Charges either wholly or partly imposed by third parties. |
| Copy of personal cheque | Event | $15 | — | — |
| Copy of withdrawal or deposit form | Event | $15 | — | — |
| Default fee | Event | $25 | — | When your savings account is overdrawn for 20 days, a Default fee will be debited from your account on the 20th day and a further Default fee debited each month thereafter while your account remains… |
| Default Notice fee | Event | $30 | — | A Default Notice fee of $30 will be debited from your deposit account or Personal Credit Line facility, where you are in breach of the PDS and/or the schedule and IMB issues a notice to you demanding… |
| Interest statement - Electronic | Event | $2.50 | — | Per page |
| Pin replacement (in excess of 1 p.a.) | Event | $5 | — | — |
| Recalculation of interest | Event | $30 | — | Per page |
| Rejected post-dated BPAY | Event | $5 | — | — |
| Research fee | Event | $30 | — | Per page |
| Retrieval of archived documents | Event | $20 | — | Per page |
| SMS Alerts | Event | $0.25 | — | Per alert |
| Special clearance on cheques | Event | $16 | — | Maximum charge. Charges either wholly or partly imposed by third parties. |
| Stop payment fee (IMB cheques) | Event | $12.50 | — | Maximum charge. Charges either wholly or partly imposed by third parties. |
| Stop payment personal cheque | Event | $15 | — | — |
| Trace on Electronic Debit/Credit | Event | $20 | — | — |
| Trace on Financial Institution cheque | Event | $50 | — | Charges either wholly or partly imposed by third parties. |
| Trace on personal cheque | Event | $50 | — | Charges either wholly or partly imposed by third parties. |
| Transaction Listing - Electronic - 10 pages and over | Event | $0.50 | — | Per page |
| Transaction Listing - Electronic - up to 10 pages | Event | $5 | — | — |
| Transfers between accounts to cover overdrawn balance | Event | $15 | — | — |
| Unclaimed monies/dormant account | Event | $40 | — | Maximum charge per account |
| Urgent Visa card mailing | Event | $20 | — | — |
| Visa voucher request | Event | $15 | — | Per request. Charges either wholly or partly imposed by third parties, such as Visa. |
| Monthly Account Keeping Fee | Periodic | Varies | Every 1 mo | Nil Monthly Account Keeping Fee |
| Monthly Account Keeping Fee | Periodic | $6 | Every 1 mo | Nil Monthly Account Keeping Fee |
| Overdraft Line Fee | Periodic | 0.25% of balance | — | Percentage of the facility limit |
| Visa Cardholder Facility Fee | Periodic | $1.60 | Every 1 mo | Fee will be charged on the first day of each month for each Visa Card on issue. |
| Visa Debit Card - International purchase | Purchase | 2.50% of transaction | — | A transaction fee of the higher of $5 or 2.5% is charged for any international purchase made using a Visa Debit Card in: a) a currency other than $AUD (after conversion to $AUD); or b) $AUD (or any o… |
| Overseas Visa card replacement | Replacement | $150 | — | Charges either wholly or partly imposed by third parties. |
| Australia Post - Bank@Post deposit, enquiry & failed transactions | Transaction | $4.50 | — | Service availablility is at the discretion of the Australia post outlet |
| Cashcard - EFTPOS transaction, cash-out & decline | Transaction | $0.50 | — | — |
| IMB ATM - balance enquiry or failed transaction | Transaction | $0.25 | — | — |
| IMB ATM - Transfer to an IMB Account | Transaction | $0.25 | — | — |
| Other ATM - International ATM | Transaction | $5 | — | Direct charge as determined by ATM Operator may also apply |
| Phone Banking - Operator Assisted - All other financial transactions | Transaction | $0.50 | — | Excludes phone enquiry, Cheque withdrawal/cheque bill payment. |
| Visa Debit Card - EFTPOS transaction, cash-out & decline | Transaction | $0.50 | — | Fee payable if the transaction is processed via EFTPOS at the merchant’s election, including contactless Visa debit card transactions. |
| Application fee | Upfront | 0.50% of balance | — | Percentage of the facility limit |
| Australia Post - Bank@Post withdrawal transaction | Withdrawal | $4.50 | — | Service availablility is at the discretion of the Australia post outlet |
| IMB ATM - ATM withdrawal (including Visa Debit Card) | Withdrawal | $0.50 | — | — |
| Other facilities - Direct debit by another institution or entity | Withdrawal | $0.50 | — | — |
| Other facilities - Personal cheque withdrawal | Withdrawal | $1 | — | Per cheque |
| Other facilities - Scheduled cheque withdrawal | Withdrawal | $6 | — | Per cheque |
| Other facilities - Scheduled electronic withdrawal | Withdrawal | $0.50 | — | — |
| Over the counter - BPAY | Withdrawal | $0.50 | — | — |
| Over the counter - Branch cash withdrawal | Withdrawal | $1 | — | — |
| Over the counter - Cheque bill payments | Withdrawal | $6 | — | Per cheque |
| Over the counter - Purchase Financial Institution Cheque | Withdrawal | $6 | — | Per cheque |
| Over the counter - Scheduled direct credit to another financial institution | Withdrawal | $0.50 | — | — |
| Over the counter - Single direct credit to another financial institution | Withdrawal | $0.50 | — | — |
| Over the counter - Transfer to an IMB account | Withdrawal | $0.50 | — | — |
| Phone Banking - Operator Assisted – Cheque bill payments | Withdrawal | $6 | — | Per cheque |
| Phone Banking - Operator Assisted – Purchase Financial Institution Cheque | Withdrawal | $6 | — | Per cheque |
| Purchase of foreign currency | Withdrawal | 1.00% of transaction | — | $10 or 1% of the value of the total order (whichever is greater). |
| Total cash withdrawal over $2,000 in a day | Withdrawal | 0.20% of transaction | — | A fee of 0.2% of total cash withdrawals is charged for total cash withdrawals over $2000 in a day. |
§ 03 — Features
RedrawExtra repaymentsInstant paymentsPayIDDigital bankingFraud protectionOverdraftApple Pay.Google Pay.Samsung Pay.Garmin Pay.
- · Direct debit is available on this account type.
- · Direct Credit is available on this account type.
- · Schedule Electronic Funds Transfers or Periodic Payments via internet banking, in branch or telephone banking
- · Make and receive Electronic Funds Transfers (EFT) from this account type.
- · Do your day to day banking with your IMB transaction account at Australia Post Offices where Bank@Post is available.
- · IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.
- · IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm
- · As of 1 June 2021, IMB will not offer a cheque facility to customers that become Members on or after that date, or to existing Members who have not been issued a cheque facility before that date
- · PayTo is available on this account type.
- · IMB's Phone Banking Service gives you 24 hour access to your accounts from any touchphone.
§ 04 — Eligibility & limits
- · Available to businesses
- · Amount $2,000 to $20,000
- · Lending criteria, terms and conditions apply
§ 06 — Run the numbers
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Published by IMB Bank under the Consumer Data Right, last changed by them on 22 Sept 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.