Temporary Overdraft

Extra cash for thte short term. A temporary overdraft lets you access extra funds through your bank account for up to 45 days.

    Give us a call

    1300 720 697 

    8am-8pm, 7 days a week


A temporary personal overdraft is an unsecured loan (up to an agreed limit) that forms part of your everyday Westpac Choice bank account balance to help cover short-term financial shortfalls for up to 45 days.

  • Temporary overdrafts – from $250 to $50,000
  • Only pay interest on funds used (when fees and charges are paid on time)
  • Being linked to your Westpac Choice bank account means you have multiple ways to access funds,  even with a Westpac Debit MasterCard®
  • Temporary overdraft interest rate - 14.09% p.a. variable
  • Pay interest only on the money you use, when fees and charges are paid on time
  • No security required for a temporary overdraft
  • $0 service fee when you spend within the agreed temporary overdraft limits and repay on time (other fees may apply).

A temporary overdraft cannot be used for:

  • Refinancing of debt
  • Funding borrowing shortfalls when borrowing
  • Any business purpose. Alternatively see our business overdraft.
Things you should know
  • Variable rate may change without notice.  Conditions, fees and lending criteria apply.  Details available on request.
    MasterCard® is the registered trademark of MasterCard International Incorporated.
    BPAY® Registered to BPAY Pty Ltd ABN 69 079 137 518


Fees and charges
Loan amount  Establishment fee  
 $250-$499 $12 
 $500-$999 $25 
 $1,000-$9,999 $50 
 $10,000-$50,000 $100 
Things you should know
  • Other fees and charges apply as set out in the terms and conditions for your linked account.  These fees may be related to the way you access your funds through your linked account or because of the impact on that account of your not meeting  the overdraft terms and conditions. Fees may change. 


Temporary overdraft rate
Overdraft amount Variable rate
 $250 - $50,000 14.09% p.a.


About applying

To be eligible for a temporary overdraft, you need to:

  • Be at least 18 years old and
  • Be a permanent resident of Australia
  • Have a regular income and have banked with us for at least 12 months
  • Have a Westpac Choice bank account, have made regular deposits (like a salary) for at least 6 months, and abided by its Terms and Conditions
  • Have a good credit history with no defaults or bankruptcies.

How to apply

ain_phone_32px.png   Call us on 1300 720 697, 8am-8pm, 7 days a week.

Conditional approval could be given on the spot. However, we’ll also need to establish your ability to repay the temporary overdraft in full at the end of the term.