Commercial Overdraft

 General Lending Rates

 Product Features

• Other Additional Information: Make deposits and withdrawals through a Bank@Post facility at Australia Post outlets. For full details refer to our Conditions of Use. Fees and charges may apply.

• Other Additional Information: No regular scheduled repayments

• Card Access Additional Information: Visa Debit Card available to Australian Residents and members aged > 12 years

• Digital Banking Additional Information: Bank 24/7 wherever you are and whenever you want with RAB mobile and internet banking.

• Npp Payid Additional Information: This account can be used as the target of an NPP PayID.

• Npp Enabled Additional Information: This account can be used to send an NPP payment.

• Unlimited Txns Additional Information: ATM, Internet, Mobile & Phone Banking transactions. No withdrawal fees at Regional Australia Bank ATMs. Transactions at other financial institutions’ ATMs may incur a fee.

• Bill Payment Additional Information: Automatic payments can be scheduled to pay your bills and/or split your pay into designated savings accounts.

• Digital Wallet Additional Information: Samsung Pay can be attached to the product on request.

• Digital Wallet Additional Information: Apple Pay can be attached to the product on request.

• Digital Wallet Additional Information: Google Pay can be attached to the product on request.

• Additional Cards Additional Information: Additional secondary cardholders are available where more than one card is required. An initial card on each account, replacements for defective cards and automatic card renewals are free. A fee applies for each additional card ordered at your request.

 Product Eligibility

• Business Additional Information: This product is not available to non-business customers.

• Other Additional Information: As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.

• Other Additional Information: Unsecured commercial overdraft also available.

• Other Additional Information: Minimum Deposit of 40% is required for mortgages secured by rural property.

• Other Additional Information: Minimum Deposit of 35% is required for mortgages secured by commercial property.

• Other Additional Information: Minimum Deposit of 20% is required for mortgages secured by residential property.

• Other Additional Information: Product is available to approved borrowers only. Terms, conditions, fees, charges and normal lending criteria apply.

 Bank Fees and Charges

• Cheque Copy Or Trace Fee (Event), Amount: 15.00. Additional Information: Applies where you request a copy of: a personal cheque you have written or deposited; a Regional Australia Bank cheque; or an ANZ deposit slip. Also applies where you wish to determine if a cheque you have written has been deposited or reached its intended destination.

• Outward Telegraphic Transfer Aud Fee (to Foreign Account) (Withdrawal), Amount: 50.00. Additional Information: Applies to Real Time Gross Settlement (RTGS)/ Telegraphic Transfers to an account in a foreign country in Australian dollars.

• Emergency Visa Card Fee (Event), Amount: 300.00. Additional Information: Applies if you request us to issue you with an emergency replacement card whilst overseas.

• Mortgage Documentation Preparation (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to prepare mortgage documentation relating to a property offered as security for your loan.

• Overseas Draft Cancellation Fee (Event), Amount: 25.00. Additional Information: Applies when you ask us to cancel an overseas draft.

• Over The Counter Fee (Transaction), Amount: 0.00. Additional Information: Applies per counter withdrawal or debit transfer once the monthly limit of 6 included withdrawals is exceeded.

• Direct Debit Dishonour Fee (Event), Amount: 5.00. Additional Information: Applies where a direct debit request is rejected by us due to insufficient funds in your account.

• Loan Top Up Fee (Event), Amount: 195.00. Additional Information: Applies on approval of an additional borrowing against a property that we hold an existing mortgage over.

• Electronic Transfer Recall Fees (Event), Amount: 25.00. Additional Information: Applies where you erroneously request a funds transfer to an external account and subsequently ask us to attempt to recall the transaction

• Cheque Deposit Fee (Deposit), Amount: 0.50. Additional Information: Your first 10 cheque deposits to your membership each month are free, each subsequent deposit will be charged per cheque.

• Financial Institution Cheque Fee (Event), Amount: 11.00. Additional Information: Applies for each bank cheque you order from us.

• Outward Telegraphic Transfer Foreign Currency Fee (Withdrawal), Amount: 30.00. Additional Information: Applies to Real Time Gross Settlement (RTGS)/ Telegraphic Transfers to an account in a foreign country in the destination currency.

• Title Search (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to perform a title search relating to a property offered, or held, as security for your loan.

• Replacement Card Fee (Event), Amount: 5.00. Additional Information: The initial card on each account, replacements for defective cards and automatic card renewals are free, however a fee applies for each replacement card ordered at your request.

• Cheque Deposit Dishonour Fee (Event), Amount: 12.50. Additional Information: Applies to each cheque deposited to your account that is dishonoured by the drawer’s bank.

• Declined Visa Dispute Fee (Event), Amount: 20.00. Additional Information: Applies where you opt to dispute or request further information from the merchant about a Visa transaction. The fee will only apply to each dispute where evidence suggests you participated in or authorised the transaction, or failed to sufficiently protect your card details.

• Late Payment Notice Fee (Event), Amount: 20.00. Additional Information: Applies when you fail to make your contracted repayments by the repayment due date.

• Discharge Of Mortgage Preparation (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to prepare discharge of mortgage documentation relating to a property held as security for your loan.

• Document Search Fee (Event), Amount: 50.00. Additional Information: Charged per hour, or part thereof, when you request us to retrieve historical documents related to your account.

• Inward Telegraphic Transfer Aud Fee (Deposit), Amount: 15.00. Additional Information: Applies to incoming Real Time Gross Settlement (RTGS)/ Telegraphic Transfers received to your account.

• Online International Payment (Transaction), Amount: 20.00. Additional Information: Applies to each International Payment you perform through Internet Banking.

• Personal Cheque Dishonour Fee (Event), Amount: 12.50. Additional Information: Applies to each personal cheque drawn from your account where there are insufficient funds in the account to cover the value of the cheque.

• Over Limit Fee (Event), Amount: 3.50. Additional Information: Applicable if you exceed an approved overdraft limit linked to your account.

• Temporary Overdraft Approval Fee (Event), Amount: 90.00. Additional Information: Where we allow you to draw on a temporary overdraft to assist with mortgage related costs this fee will apply.

• Registration Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a mortgage relating to a property offered as security for your loan.

• Foreign Cheque Deposit Fee (Deposit), Amount: 10.00. Additional Information: Applies to each foreign cheque, whether in Australian dollars or another currency, deposited into your account.

• Interest On Over Limit Balances (Event), Amount: Not Listed.. Additional Information: 3% above standard overdraft rate or existing rate applicable to the account.

• Registration Of Transfer (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a transfer of land relating to a property held as security for your loan.

• Loan Restructure Fee (Upfront), Amount: 200.00. Additional Information: Applies when you switch your existing Regional Australia Bank home loan to a different loan type, other than a Partnership Advantage.

• Default Notice Fee (Event), Amount: 30.00. Additional Information: Applies when you fail to make your contracted repayments and we are required to issue a default notice to you.

• Foreign Cash Fee (Transaction), Amount: Not Listed.. Additional Information: Applies when you purchase foreign cash from us or wish to deposit foreign cash into your account. Minimum fee of $10.00 applies.

• Foreign Currency Cheque Dishonour Fee (Event), Amount: 30.00. Additional Information: Applies when a foreign currency cheque or draft that has been deposited into an account has been dishonoured.

• Replacement Certificate Of Title (Variable), Amount: Not Listed.. Additional Information: Applies when you request a replacement certificate of title relating to mortgaged property that is held as security for your loan.

• Stop Payment On Cheque Fee (Event), Amount: 12.50. Additional Information: Applies where you request us to cancel a personal or Regional Australia Bank cheque drawn on your account.

• Registration Of Discharge Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a discharge of mortgage relating to a property held as security for your loan.

• Overseas Draft Fee (Event), Amount: 12.50. Additional Information: Applies when you order a draft from us.

• Pexa Processing Fee (Variable), Amount: Not Listed.. Additional Information: Applies when we process a settlement relating to your loan through PEXA.

• Duplicate Copy Of Statement Fee (Event), Amount: 12.50. Additional Information: Applies if you request a duplicate copy of a formal account statement.

• Electronic Transfer Trace Fees (Event), Amount: 10.00. Additional Information: Applies where you erroneously request a funds transfer to an external account and subsequently request us to check the transaction.

• Currency Conversion Fee (Transaction), Amount: Not Listed.. Additional Information: Applies as a percentage of the transaction value to withdrawals and purchases made outside of Australia using your Regional Australia Bank Visa Debit or Access Card.

• Monthly Access Fee (Periodic), Amount: 0.00. Additional Information: The Access Fee is a flat monthly fee which entitles your membership to unlimited withdrawals via EFTPOS, ATMs, Internet, Phone and Mobile Banking.

• Bank@post Transaction Fee (Transaction), Amount: 0.00. Additional Information: Applies when you perform a deposit or withdrawal on your account through a Bank@Post outlet. This fee also applies if your transaction is declined.

• Secure Token Replacement Fee (Event), Amount: 20.00. Additional Information: Secure Tokens are used to authorise large transactions initiated by Internet and Mobile Banking. The initial token is free, but this fee is levied to replace each broken or lost token.

• Agency Settlement/handing Fee (Variable), Amount: Not Listed.. Additional Information: Applies in the event that we require an agent to attend a settlement or handle documentation, relating to your loan.

• Transaction Listing Print Fee (Event), Amount: 2.50. Additional Information: Applies where you ask us to print a listing of your transactions. A minimum fee of $2.50 applies plus $0.50 per additional 2 pages or part thereof to a maximum of $10.00.

• Property Valuation Costs (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to value each property offered or held as security at the commencement of your loan, and when required throughout the life of your loan.

• Cheque Book Fee (Event), Amount: 0.80. Additional Information: Charged per cheque when you order a cheque book for your account.

• Outward Telegraphic Transfer Aud Fee (to Australian Account) (Withdrawal), Amount: 35.00. Additional Information: Applies to Real Time Gross Settlement (RTGS)/ Telegraphic Transfers to an account within Australia.

• Cash Handling Fee - Members (Event), Amount: Not Listed.. Additional Information: Applies when you order bulk cash/coin from us. Minimum Fee Amount - $10.00

 Limitations & Restrictions (Constraints)

• Min Limit of 500.00 Additional Information: A minimum overdraft amount of $500 applies to this product.