Westpac
Business Overdraft
Provides cash flow relief with funds to cover business expenses, such as invoices and wages until you?re paid.
OverdraftsBank updated 8 Sept 2026
At a glance
- Variable
- 8.11%
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 8.11% | — | — |
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Monthly Line Fee | Periodic | 1.20% of balance | Every 1 mo | Monthly Line Fee: 1.20% p.a. (of total limit) charged at the beginning of the month. Other fees may apply. |
| Lending Establishment Fee | Upfront | 0.60% of balance | — | Minimum charge of $600.00 This fee is waived for new customers |
§ 03 — Features
Extra repaymentsDigital bankingRelationship managerOverdraft
- · $0 Establishment Fee Waiver Offer on Business Overdrafts. We will waive the establishment fee for eligible new Business Overdrafts of up to $1 million, or for a limit increase of up to $1 million on…
- · Keep your cash flowing - Access extra funds anytime.
- · Only pay interest on what you use: Interest is charged only when your spending exceeds your transaction account balance.
- · Repay at any time: No regular amount or time frame to make repayments.
§ 04 — Eligibility & limits
- · Minimum age 18
- · Available to businesses
- · Have a valid Westpac Business Transaction account.
- · Meets the credit criteria and credit policy requirements under an applicable offer for this product.
§ 06 — Run the numbers
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Published by Westpac under the Consumer Data Right, last changed by them on 8 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.