Temporary Overdrafts
Essentials
- 14.59% p.a. variable interest rate1
- Convenient when you need cash quickly for up to 45 days for personal purposes 2
- Apply for an overdraft limit starting from $250
- Available on Westpac Choice 3
- No other service fee when you spend within the agreed overdraft limits and repay on time 4
- Pay interest only on the money you use, when fees and charges are paid on time.
How you can access your money
- ATM
- EFTPOS
- Telephone Banking
- Online Banking
- BPAY ®
- Branch
- Cheque
- Automatic payments.
Things you should know
-
1. Variable rate as at 23 January 2012. Rate subject to change without notice.
-
2. Overdrafts are not to be used for refinancing of debt, funding any difference between the customer's borrowing requirements and what Westpac is prepared to lend under its secured lending policies or any type of business purpose. Applications are subject to the Bank’s normal lending criteria.
-
3. Unsecured and Temporary Personal Overdrafts are only available on Westpac Choice and Westpac Choice eAccounts and are subject to the Bank's normal lending criteria.
-
4. Subject to full repayment being made at agreed term, and overdraft being maintained within agreed limit.
-
5. Fees and charges apply including any monthly service fee and transaction fees that apply to your day to day transaction account. See Deposit Accounts for Personal and Self Managed Superannuation Fund Customers - Terms and Conditions.
- BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.
Fees
| Loan amount | Establishment fee |
Service fee |
|---|---|---|
| $250-$499 | $12 | Nil 1, 2 |
| $500-$999 |
$25 |
Nil 1,2 |
| $1,000-$9,999 | $50 | Nil 1, 2 |
| $10,000-$49,999 | $100 | Nil 1, 2 |
| $50,000 and over | $150 | Nil 1,2 |
Things you should know
-
1. Variable rate as at 23 January 2012. Rate subject to change without notice.
-
2. Overdrafts are not to be used for refinancing of debt, funding any difference between the customer's borrowing requirements and what Westpac is prepared to lend under its secured lending policies or any type of business purpose. Applications are subject to the Bank’s normal lending criteria.
-
3. Unsecured and Temporary Personal Overdrafts are only available on Westpac Choice and Westpac Choice eAccounts and are subject to the Bank's normal lending criteria.
-
4. Subject to full repayment being made at agreed term, and overdraft being maintained within agreed limit.
-
5. Fees and charges apply including any monthly service fee and transaction fees that apply to your day to day transaction account. See Deposit Accounts for Personal and Self Managed Superannuation Fund Customers - Terms and Conditions.
- BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.
Rates
| Overdraft amount | Rates |
|---|---|
| $250 - $50,000+ |
14.59% p.a. (variable interest rate) |
Things you should know
-
1. Variable rate as at 23 January 2012. Rate subject to change without notice.
-
2. Overdrafts are not to be used for refinancing of debt, funding any difference between the customer's borrowing requirements and what Westpac is prepared to lend under its secured lending policies or any type of business purpose. Applications are subject to the Bank’s normal lending criteria.
-
3. Unsecured and Temporary Personal Overdrafts are only available on Westpac Choice and Westpac Choice eAccounts and are subject to the Bank's normal lending criteria.
-
4. Subject to full repayment being made at agreed term, and overdraft being maintained within agreed limit.
-
5. Fees and charges apply including any monthly service fee and transaction fees that apply to your day to day transaction account. See Deposit Accounts for Personal and Self Managed Superannuation Fund Customers - Terms and Conditions.
- BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.
