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Commercial Overdraft

Commercial Overdraft

Easy access to approved finance to manage everyday business expenses

Everyday benefits

  • Flexible short –term finance
  • Smooth out ‘dips’ in cash flow
  • Variable interest rate

What you get


  • A transaction account with an approved limit and 24/7 access to available funds.
  • Reduces impact of timing differences between payment of creditors and receipt of money from your debtors.

Flexible repayment options

  • No set repayments.
  • Variable interest rate applies.

Fees and interest

Establishment and overdraft facility fees are based on how much you borrow and the type of security provided.


  • A Commercial Overdraft has a variable rate, currently % p.a.
  • Interest is calculated daily on the balance owing, and charged monthly.
  • A margin may apply depending on the type of security provided.
  • Fixed rates are not available on a Commercial Overdraft.

Read more about interest rates

Are you eligible?

  • Your business must be registered in Australia.
  • You must also hold an eligible Bank of Melbourne transaction account in the same business name.

How to apply

The Detail

Conditions, fees and credit criteria apply.

Find out what information you need to provide to become a customer.

Before making a decision, it's best to read the terms and conditions which are available on application. The information on our website is prepared without knowing your personal financial circumstances. Before you act on this, please consider if it's right for you.