Special offer: $0 Overdraft set up. Job done
Pay no establishment fee when you add an overdraft to a business transaction account. Offer is available for applications received and approved between 16 June 2025 and 31 December 2025.
Limited time offer. Credit and eligibility criteria. T&Cs, fees and charges apply. St.George Business transaction account required. Excludes Temporary Overdrafts. Maximum limit up to $1Million for new Business Overdraft and Top-up.
Call 13 38 00, Mon-Fri, 8am-6pm. Alternatively, visit your nearest branch
About commercial overdrafts
- Approved amount of extra funds linked to your business transaction account
- Access funds when spending exceeds your business account balance
- Secured or unsecured option
Features
- Variable interest rates
- 24/7 access* to available funds, up to the approved limit
- Repay and redraw at any time within the approved limit
- $0 establishment fee for a limited time. Save $250 or more^
- Other fees may apply.
Benefits
- Only pay interest on the overdraft amount used
- Manage cash flow while you wait for customer payments
- Helps with unexpected business expenses
Eligibility criteria
- be a business entity or an individual 18 years and above, domiciled in Australia; and
- require the funding for business or investment purposes other than investment in residential property; and
- meet the credit criteria and credit policy requirements under an applicable offer for this product.
If you’re applying for an unsecured commercial overdraft, you must be an existing St.George business customer in addition to meeting the above criteria.
How to apply
1. Get ready
Check the eligibility criteria and have your business financials handy.
2. Speak to a business banker
Call 13 38 00, Mon-Fri, 8am-6pm
Alternatively, visit your nearest branch
3. Receive a response
If your application’s approved, you’ll receive a contract to sign.
4. Start using your overdraft
The funds will be available one business day after you return the signed contract.
Frequently asked questions
A commercial overdraft is an approved line of credit linked to your business transaction account, which you can use to manage cashflow when your business account balance drops below zero. You’re only charged interest on the overdraft amount you use.
A business loan is a lump sum paid to your business transaction account. You’re charged interest on the whole amount, which you pay off over the loan term.
Important information
Credit criteria, fees, charges, terms and conditions apply. Talk to a business banker for more details.
^ Commercial Overdraft Establishment Fee Waiver:
Offer comprises waiving of the relevant establishment fee for any new Commercial Overdraft, or increase to an existing Commercial Overdraft, where the application is received and approved between 16 June 2025 and 31 December 2025. Maximum limit up to $1Million for new Business Overdraft and Top-up.
* Subject to systems availability.