Business Overdraft
Benefits for your business
Keep your cash flowing
Access extra funds1 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.
At a glance
| Borrow the amount you need1 | |
| Variable rates from |
7.86% p.a.2 |
| Monthly line fee | 1.20% p.a. of total limit3 |
| Establishment and other fees may apply. |
What you could use a business overdraft for
- Pay suppliers
- Payroll
- Stock purchase
- Unexpected expenses
What you need to apply
Discover your borrowing power in 10 minutes
- Want to borrow between $10k and $5m?
- Looking for a business loan, business overdraft or vehicle and equipment finance?
We can help. Just have these documents handy:
- Latest annual financial statements or business tax return
- 12 months' business activity statements from the ATO
- Signed copy of your lease agreement (only required for property investments)
Enquire now to book in your 10 min borrowing power chat or if you just need to talk through your business needs.
Set up your business with 12 months of free subscriptions
Get 12 months free on a Lawpath Essentials plan + free ABN registration (valued at $518^) and a MYOB plan (valued at up to $696^ after you pay the first month) with a $0 monthly fee Westpac Business One transaction account.
T&Cs apply. Learn more about the free subscription deal
Award-winning customer satisfaction
We’ve won Canstar’s 2024 award for Most Satisfied Customers – Business Bank.
What customers have said about their borrowing experience
"We were over the moon and very appreciative of the speed with which we were able to get an approval" (Lawn Mowing business, VIC)
"I was extremely satisfied with how quick we were able to apply and receive our funds. It took away a lot of stress out of our expansion" (Film Producer, QLD)
"Applying was really easy and meant we were able to purchase the property knowing we had the funds" (Bedding retailer, VIC)
Source: Westpac business lending applicants 2023.
