The Finance Algorithm
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Everyday Overdraft

Access extra cash when you need it through your everyday savings account.

OverdraftsBank updated 2 Oct 2026
Apply at Summerland Bank ↗Fees and pricing ↗Terms ↗

At a glance

Pricing
Rates on application
Loan size
$1,000 to no maximum
Upfront fee
$175
Monthly fee
$8

Fees

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

  1. When you take it outUp to $1752 fees, each listed below
  2. While you hold it$8 a monthOverdraft Facility Fee
  3. When you close it or pay it offNo fee published

When you take it out2

  • Loan Establishment Fee
    $175
  • Settlement Fee
    Varies

While you hold it1

  • Overdraft Facility Fee
    $8 a month

Features

Guarantor optionInstant paymentsPayIDDigital banking
  • Save on paper, receive and view your statements online with eStatements.

Eligibility and limits

  • Minimum age 18
  • Residency: A Permanent Australian Resident including those working overseas.
  • Available to individuals
  • Amount from $1,000, no maximum
  • Lending criteria apply.

Published by Summerland Bank under the Consumer Data Right, last changed by them on 2 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.