Personal Overdraft

Summary: 

Have access to money when you need it most.

A Suncorp Bank Personal Overdraft is a line of credit that lets you overdraw your account to a pre-approved limit. You can borrow money for your personal needs and only pay interest on the amount you have drawn.

Features

Money when you need it
  • You have access to money when you need it. For example, a direct debit or loan payment is due and you are temporarily short of funds.
Account flexibility
  • Personal Overdrafts are only available on our Everyday Options account.
Flexible loan terms
  • Borrow from $1,000 for personal use only.

 Fees 

Establishment Fee $150
If Secured: Security Administration Fee (new security)$250 or
Security Administration Fee (existing security)$100
Quarterly Service Fee $30
Stamp Duty Stamp Duty and other government charges may apply

 Personal Overdraft Interest Rates

Personal Overdraft

Loan Type Annual Interest Rate
Formal
16.75% p.a.
Informal
Casual Overdraft Reference Rate
19.75% p.a.