Personal Overdraft

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

Yes Draw funds up to your approved overdraft account limit anytime

Yes Only pay interest on the overdraft amount you use

Yes Flexible repayment options 

Yes No minimum repayment - pay any amount, as long as the balance stays within the credit limit.

Yes Pay off your loan sooner with unlimited additional repayments 

Yes Prevent the cost of dishonour fees or declined transactions

Yes Links to your Day2Day Plus AccountTM or Reverse Charges Account® for easy management

Yes Secured and unsecured overdraft options available

Yes Suitable for short term use

Yes 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. 

Mortgage secured6.86n/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. 


Borrowing Amounts

Unsecured Personal Overdraft

Secured Personal Overdraft Residential Security

Minimum Amount



Maximum Amount



Fees and charges

Application fee

  • 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

Important Information

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. 


Fees and charges are payable. Normal credit assessment criteria apply. Full terms and conditions are available at any Bank of Queensland branch. 


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