Not familiar with overdrafts? Read our FAQs to help you get started.

An Overdraft is a line of credit that’s linked to your Everyday Savings Account. It gives you extra spending power at your fingertips by ensuring you have available funds for your direct debits or unexpected bills. Your overdraft is only ever activated once you run out of your own money, meaning you only pay interest on the funds that you use.

With an Overdraft you have the option to borrow up to $30,000. Remember, the amount you can borrow will be assessed and determined by your ability to meet your loan repayments. We pride ourselves on our transparent, honest lending and endeavour to help all members achieve their dreams without living above their means.

A comparison rate includes the interest rate and any fees payable over the life of the loan, giving you a true understanding of how much you’ll be paying on top of the principal. It’s always a good idea when comparing loans to consider not just the interest rate, but the comparison rate.

Overdrafts have an establishment fee of $250.

Overdrafts don’t have any ongoing or account keeping fees.