IMB BankUnsecured 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
At a glance
- Variable
- 0.01%
- Loan size
- $2,000 to $20,000
- Monthly fee
- $1.60
Rates
Every rate IMB Bank publishes for this overdraft, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | - | 11.09% | - | - |
| Variable | - | - | - | 0.01% | - | paid every 1 mo |
Rate changes
One change logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 23 Oct 2026 | Variable | 10.84% | 11.09% | up 0.25 |
Each change is logged the night it appears in the rates IMB Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
67 fees published, grouped by when they're charged.
- When you take it out0.50% of balanceApplication fee
- While you hold itUp to $64 fees, each listed below
- When you close it or pay it offNo fee published
When you take it out1
- Application fee
Percentage of the facility limit
0.50% of balance
While you hold it4
- Monthly Account Keeping Fee
Nil Monthly Account Keeping Fee
Varies a month - Monthly Account Keeping Fee
Nil Monthly Account Keeping Fee
$6 a month - Overdraft Line Fee
Percentage of the facility limit
0.25% of balance - Visa Cardholder Facility Fee
Fee will be charged on the first day of each month for each Visa Card on issue.
$1.60 a month
When you make a transaction34
- Visa Debit Card - Cash advances (domestic & international)
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…
2.50% of transaction - Bulk coin count
Maximum charge
$5 - Foreign cheque conversion (value AU$10,000 and greater)
Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties
$50 - Foreign cheque conversion (value less than AU$10,000)
Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties
$25 - IMB ATM - Cheque deposit
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.
$0.75 - Manual deposit other institution$10
- Other facilities - Cheque deposit
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.
$0.75 - Over the counter - cash deposit$0.50
- Over the counter - Cheque deposit
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.
$0.75 - Visa Debit Card - International purchase
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…
2.50% of transaction - Australia Post - Bank@Post deposit, enquiry & failed transactions
Service availablility is at the discretion of the Australia post outlet
$4.50 - Cashcard - EFTPOS transaction, cash-out & decline$0.50
- IMB ATM - balance enquiry or failed transaction$0.25
- IMB ATM - Transfer to an IMB Account$0.25
- Other ATM - International ATM
Direct charge as determined by ATM Operator may also apply
$5 - Phone Banking - Operator Assisted - All other financial transactions
Excludes phone enquiry, Cheque withdrawal/cheque bill payment.
$0.50 - Visa Debit Card - EFTPOS transaction, cash-out & decline
Fee payable if the transaction is processed via EFTPOS at the merchant’s election, including contactless Visa debit card transactions.
$0.50 - Australia Post - Bank@Post withdrawal transaction
Service availablility is at the discretion of the Australia post outlet
$4.50 - IMB ATM - ATM withdrawal (including Visa Debit Card)$0.50
- Other facilities - Direct debit by another institution or entity$0.50
- Other facilities - Personal cheque withdrawal
Per cheque
$1 - Other facilities - Scheduled cheque withdrawal
Per cheque
$6 - Other facilities - Scheduled electronic withdrawal$0.50
- Over the counter - BPAY$0.50
- Over the counter - Branch cash withdrawal$1
- Over the counter - Cheque bill payments
Per cheque
$6 - Over the counter - Purchase Financial Institution Cheque
Per cheque
$6 - Over the counter - Scheduled direct credit to another financial institution$0.50
- Over the counter - Single direct credit to another financial institution$0.50
- Over the counter - Transfer to an IMB account$0.50
- Phone Banking - Operator Assisted – Cheque bill payments
Per cheque
$6 - Phone Banking - Operator Assisted – Purchase Financial Institution Cheque
Per cheque
$6 - Purchase of foreign currency
$10 or 1% of the value of the total order (whichever is greater).
1.00% of transaction - Total cash withdrawal over $2,000 in a day
A fee of 0.2% of total cash withdrawals is charged for total cash withdrawals over $2000 in a day.
0.20% of transaction
When particular things happen28
- Audit Certificate
Per certificate
$30 - BPAY payment return$5
- Card replacement (in excess of 1 p.a.)$10
- Copy of Financial Institution cheque
Maximum charge. Charges either wholly or partly imposed by third parties.
$16 - Copy of personal cheque$15
- Copy of withdrawal or deposit form$15
- Default fee
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…
$25 - Default Notice fee
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…
$30 - Interest statement - Electronic
Per page
$2.50 - Pin replacement (in excess of 1 p.a.)$5
- Recalculation of interest
Per page
$30 - Rejected post-dated BPAY$5
- Research fee
Per page
$30 - Retrieval of archived documents
Per page
$20 - SMS Alerts
Per alert
$0.25 - Special clearance on cheques
Maximum charge. Charges either wholly or partly imposed by third parties.
$16 - Stop payment fee (IMB cheques)
Maximum charge. Charges either wholly or partly imposed by third parties.
$12.50 - Stop payment personal cheque$15
- Trace on Electronic Debit/Credit$20
- Trace on Financial Institution cheque
Charges either wholly or partly imposed by third parties.
$50 - Trace on personal cheque
Charges either wholly or partly imposed by third parties.
$50 - Transaction Listing - Electronic - 10 pages and over
Per page
$0.50 - Transaction Listing - Electronic - up to 10 pages$5
- Transfers between accounts to cover overdrawn balance$15
- Unclaimed monies/dormant account
Maximum charge per account
$40 - Urgent Visa card mailing$20
- Visa voucher request
Per request. Charges either wholly or partly imposed by third parties, such as Visa.
$15 - Overseas Visa card replacement
Charges either wholly or partly imposed by third parties.
$150
Features
- 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.
Eligibility and limits
- Available to businesses
- Amount $2,000 to $20,000
- Lending criteria, terms and conditions apply
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Published by IMB Bank under the Consumer Data Right, last changed by them on 23 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.