Be prepared for the unexpected
Be prepared for anything life throws at you with our personal overdraft facility, giving you access to short term funds when you need it. Whether you need to manage your cashflow, cover unexpected expenses, or you just want some peace of mind, a personal overdraft will help you navigate life’s up and downs.
Your personal overdraft is linked to your BOQ transactions account, so you can easily draw up to your approved overdraft account limit whenever you need to.
How to apply
Features and Benefits
Draw funds up to your approved overdraft account limit anytime
Only pay interest on the overdraft amount you use
Flexible repayment options
No minimum repayment - pay any amount, as long as the balance stays within the credit limit.
Pay off your loan sooner with unlimited additional repayments
Prevent the cost of dishonour fees or declined transactions
Links to your Day2Day Plus AccountTM or Reverse Charges Account® for easy management
Secured and unsecured overdraft options available
Suitable for short term use
Full account access via ATM, EFTPOS, Internet Banking, and EasyPhone Banking
What is a secured and unsecured overdraft facility?
A secured overdraft is where residential security is provided against your overdraft account, to lock in lower interest rates on your overdraft.
An unsecured overdraft does not require security, but is subject to higher interest rates and stricter lending limits.
Chat to a BOQ loan specialist to discuss whether a secured or unsecured overdraft account better suits your needs.
Personal Overdraft Interest Rates
Interest rate % p.a.
Comparison rate % p.a.
To obtain the mortgage secured interest rate, residential security must be provided against your personal overdraft facility.
Need something longer term? Check out our Clear Path Line of Credit Facility.
Unsecured Personal Overdraft
Secured Personal Overdraft Residential Security
|Minimum Amount |
Fees and charges
- Secured overdrafts - $495
- Unsecured overdrafts - $150
Agreed Credit Advance Fee
- Charged quarterly on the last day of February, May, August and November
- 0.25% of approved overdraft limit
Account operating fees and charges
- A Personal Overdraft can be linked to either a Day2Day Plus AccountTM or a Reverse Charges Account®, both of which have their own fees and charges.
Apply for an overdraft
Please view the Terms and Conditions below:
This information is for general information purposes only. Interest rates are subject to change at any time. Details of our current rates may be obtained at any branch or contact us at our Customer Service Centre.