Business Overdraft

Summary: 

An Overdraft can be attached to your Business Everyday or Business Premium account. This allows you to be able to utilise your account without worrying about overdrawing it or having payments dishonoured.

  • Easy access because it's attached to your business transaction account
  • Interest calculated daily and only on the outstanding balance
  • No set monthly repayment
CTA: 
Business Overdraft
Call us on
13 11 75
Find a branch
  Enquire Online

Features

Amount
  • Minimum amount: $10,000
Interest Rate
  • Interest is calculated using Suncorp’s Small Business Overdraft Reference Rate or Suncorp's Base Variable Rate or Suncorp's 30 Day Bank Bill Rate or Suncorp's Premier Business Overdraft Rate; plus a customer margin. Interest is charged to the account monthly.
Repayment Options
  • No set principal repayment amount.
Terms
  • No fixed term. However, Suncorp can withdraw or reduce the overdraft limit or ask for repayment in full at any time.
Security
  • Many forms of security may be accepted including residential, commercial or rural property, business assets or a combination of these.
Access
  • Access available in branch or via Cheque, Card and Internet Banking

Fees

Establishment Fees
  • Fee varies with each application
Quarterly Maintenance Fee
  • Fee varies depending on approved limit.
Other Fees Other fees and charges apply. Please click on the relevant link below for lending fees and charges  applicable to your circumstance:

 

 

You can also contact your Business Banking Manager on 13 11 75 for more information.