Business Overdraft
Our Business Overdraft can help you to manage your business cash flow and to cover any unforeseen expenses that deplete your working capital. It has the flexibility to work the way you do.
Features and benefits
a Bank of Queensland Business Overdraft combines your Business Transaction Account with an overdraft facility, so can enjoy convenient access to your funds up to an agreed credit limit.
temporary overdraft facilities are also available to cover short-term cash flow shortages
- find out which of our online banking services suits your business needs
Accessing your Business Overdraft
- cheque book
- branch
- Bank of Queensland ATMs
- EFTPOS terminals throughout Australia
- other bank ATMs
- Internet Banking
security - can be secured by residential property and/or non-residential property. Residential property is accepted as security at up to a maximum loan/valuation ratio of 80%
minimum Line of Credit amount is $10,000. There is no maximum amount. Your eligibility will be assessed on available security and ability to repay
Business Visa Debit Card
Link your Business Overdraft to a Business Visa Debit Card and you have international access. Use your own money to purchase over the phone, via the Internet or anywhere that Visa is accepted.
Interest rates
The Business Overdraft base rates are available on the Today's rates page.
Fees and charges
| Fee type | Fee |
|---|
Application Fee | 0.75% of the approved limit applies (minimum $750). |
Agreed Credit Advance Fee | A quarterly Agreed Credit Advance Fee applies. |
Monthly Service Fee | Nil |
Drop into one of our convenient locations or call one of our friendly customer service consultants on 1300 55 72 72
Important information
Please view the terms and conditions listed below on the Terms and Conditions page:
- Business Lending Supplementary Terms and Conditions
- Business Banking Guide to fees and Charges
Information current as at 15th December 2008.
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Valuation fees are payable. Government fees and charges apply. Other fees and charges are payable. Normal credit assessment criteria apply. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch.