Business Overdraft

Provides cash flow relief with funds to cover business expenses, such as invoices and wages until you?re paid.
Category: Overdrafts  Last Updated May 15, 2026  Effective June 3, 2026

 General Lending Rates

Rates listed below are for a VARIABLE product. Additional Information
Interest Rate
8.11% PA
Comparison Rate
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.

 Product Features

  • Other Additional Information: Special offer: $0 establishment fee for a limited time, you?ll pay $0 establishment fee when you add a Business Overdraft to a business transaction account or top-up your existing Business Overdraft. This could save you up to $1,500 on a new overdraft limit of $250,000, or $750 on an overdraft top-up of $250,000. Offer is available for applications received and approved between 7 April 2026 and 30 Sep 2026. New limit or Top-up of up to $1m.
  • Other Additional Information: Keep your cash flowing - Access extra funds anytime.
  • Other Additional Information: Only pay interest on what you use: Interest is charged only when your spending exceeds your transaction account balance.
  • Digital Banking Additional Information: Easily manage and access your business overdraft via Online, Telephone, Mobile or Tablet Banking and via our ATM network.
  • Other Additional Information: Repay at any time: No regular amount or time frame to make repayments.
  • Extra Repayments Additional Information: Subject to terms and conditions, this product includes extra repayment features.
  • Digital Banking Additional Information: With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account.
  • Relationship Management Additional Information: Relationship management is available for eligible customers.
  • Overdraft Additional Information: Temporary Overdraft is available for customers. Temporary Overdraft is a one-off short term working capital facility for existing business customers, with or without an existing overdraft agreement. Requests for new customers may be approved by a Credit Officer on an exception basis

 Product Eligibility

  • Min Age - 18. Additional Information: An individual 18 years and above
  • Business Additional Information: Be a business entity or an individual 18 years and above, domiciled in Australia; and require the funding wholly or predominantly for business purposes
  • Other Additional Information: Have a valid Westpac Business Transaction account.
  • Other Additional Information: Meets the credit criteria and credit policy requirements under an applicable offer for this product.

 Bank Fees and Charges

  • Monthly Line Fee (Periodic), Amount: Not Listed.. Additional Information: 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), Amount: Not Listed.. Additional Information: Minimum charge of $600.00