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JobKeeper assistance

A temporary overdraft to help cover employee wages while you await the monthly JobKeeper Payment.

JobKeeper payments are paid monthly in arrears, so you may wish to consider applying for an overdraft (or an increase to an existing overdraft) to help with your cash flow. This specific overdraft is a temporary facility that’s only available to existing Bank of Melbourne customers, and only while your business remains eligible for the JobKeeper Payment scheme. This offer can only be obtained until 3 January 2021, and Bank of Melbourne reserves the right to reprice, amend, extend or withdraw the offer at any time. Withdrawal means you will be required to repay the overdraft.

If you require funding for a different purpose, please refer to our other lending solutions.

Check your eligibility:

Are you an existing Bank of Melbourne Customer?

Have you enrolled in the JobKeeper Payment scheme with the Australian Taxation Office (ATO) and can you provide evidence of eligibility?

Have you nominated a Bank of Melbourne bank account to receive the payments from the ATO?

Do you make your payroll payments from a Bank of Melbourne bank account?

Do you confirm that you will be using the funds solely to pay your employees salaries or wages while awaiting monthly (in arrears) JobKeeper payments?

Are you authorised to answer these questions and apply for credit on behalf of each borrower and have you advised all parties (including guarantors)?

Based on your response you have not met the eligibility criteria. This means we are unable to accept your application - but please visit our Business COVID-19 Hub to see if you qualify for any other relief measures.


Please visit the ATO website to enrol and be sure to nominate a Bank of Melbourne bank account to receive your JobKeeper payment.

Borrower details:

Please ensure details are accurate - they must match the details of your ATO Monthly Declaration.
Your application may be delayed or declined if your information cannot be verified with the ATO.

This must be the same name that is attached to the account linked to your JobKeeper payments.

Please visit the ATO website to enrol

Please refer to the ATO website for the definition of an eligible employee.

Please refer to the ATO website for the definition of an eligible employee.

Enter your 8 Digit Compass logon ID or 8 alpha-numeric BBO ID or 16 digit Card number.

DD/MM/YYYY (e.g. 01/10/1977)

Please provide details of your Bank of Melbourne Business Transaction Account that JobKeeper payments will be made into:

Please enter numbers only, no hyphens or spaces

Overdraft information:

Amount entered in this section is the requested overdraft amount, it is not the final confirmed or approved overdraft amount.
Request is subject to approval and will be reviewed based on eligibility criteria.


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Thank you for your enquiry.

We are committed to supporting your business as the COVID-19 situation evolves, and we’re here to help you and your business through this challenging time.

What happens next?

We've received a high volume of enquiries and appreciate your patience. We will be in touch with you regarding your enquiry.


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