Northern Inland Credit Union Ltd.Commercial Overdraft
Provides an overdraft account facility for commercial Members, with on call access to savings and a full range of payment services
At a glance
- Variable
- 0.01%
- Loan size
- $2,000 to no maximum
- Monthly fee
- $8
Rates
Every rate Northern Inland Credit Union Ltd. publishes for this overdraft, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | - | 10.24% | - | - |
| VariableCalculated on minimum monthly balance of savings portion when not using overdraft component, paid annually. | - | - | - | 0.01% | - | paid every 1 yr |
Fees
6 fees published, grouped by when they're charged.
While you hold it1
- LOAN_MONTHLY_FEE$8 a month
When you make a transaction3
- BANK@POST_TRANS
First 5 free transactions per month for Members residing outside postcodes 2340, 2380 & 2390.
$4 - IN_BRANCH_TRANSACTION
This Fee is Rebateable and is added to other Rebateable Fees before the fee is applied.
$2.50 - VISA_ATM_WITHDRAWAL_OVERSEAS$2
When particular things happen2
- ALERTS
First 8 free
$0.25 - ATM_DECLINED_TRANSACTION
This Fee is Rebateable and is added to other Rebateable Fees before the fee is applied.
$2.50
Features
- Access your personal account wherever you see an Australia Post retail outlet displaying the Bank@Post sign, if you have a card linked to the account on which you want to transact.
- Account available for commercial businesses only
- Secured or Unsecured loan type available
- No minimum repayment is required until the limit of the overdraft is exceeded. At this time, sufficient funds are to be deposited to the account to bring the balance below the agreed limit
- Give your accountant access to your financial statements via online accounting software such as Banklink and Xero
Eligibility and limits
- Residency: AU
- Available to businesses
- Amount from $2,000, no maximum
- Credit criteria and eligibility applies to all applicants. Terms and Conditions are available on application.
- You can only have one Commercial Overdraft account in your name.
Compare it with others
Put this product through a calculator
Published by Northern Inland Credit Union Limited under the Consumer Data Right, last changed by them on 1 Oct 2025. 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.