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Essentials

12.09% p.a. variable interest rate

A personal overdraft is an unsecured loan (up to an agreed limit) that forms part of your everyday Westpac Choice bank account that can help cover some of life’s unexpected financial emergencies.

  • Overdraft loans - from $250 to $25,000
  • 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 including with a Westpac Debit Mastercard®
  • Overdraft interest rate – 12.09% p.a. variable
  • No security required for a personal overdraft
  • $0 lending establishment fee; and $6 monthly loan account fee (other fees may apply).

Access your personal overdraft funds through your Westpac Choice bank account using:

  • Online, Mobile, Telephone and Tablet Banking
  • EFTPOS
  • Debit Mastercard
  • Cheque
  • BPAY®
  • In branch

Westpac Debit Mastercard

A Debit Mastercard linked to your Westpac Choice account will let you shop online, over the phone in Australia and overseas using your own money. You can also withdraw cash at millions of locations worldwide where Mastercard is accepted.

Debit Mastercard holders need to be at least 18 years of age, and have an Australian residential address.

Things you should know

See our full terms and conditions (PDF 1007KB) or contact us. Terms and conditions may be varied or new terms and conditions introduced in the future.

Variable rate may change without notice.  Conditions, fees and normal lending criteria apply. More product details are available on request.

Debit Mastercard holders need to be at least 18 years of age, and have an Australian residential address.

World Mastercard®, Mastercard® and the Mastercard brand mark are registered trademarks, and PayPass is a trademark of Mastercard International Incorporated.

BPAY® is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.