An overdraft provides you with a pre-arranged credit limit that can assist you to meet short-term financial needs or an unexpected cash emergency. 

Linked to either an Everyday or Investor account, you can access the overdraft just as you would with your savings.



When your savings balance has been exhausted, the overdraft facility becomes available for use. So at any given time, you have access to your savings balance plus a credit limit.

You can also enjoy the following benefits:

  • no application, management or annual fees
  • a credit limit of up to $10,000 available to approved applicants
  • convenient access your available funds via our a range of access services
  • pay no interest until you start using the overdraft, and then only on the amount used
  • minimum monthly repayment is $20 or 2.5% of the closing balance of the statement account (whichever is greater)
  • maximum repayment is up to you.


To be eligible, you must:

  • be a BankVic member
  • be 18 years and over
  • meet our lending assessment criteria and
  • have an Everyday or Investor account.



Features of our overdraft include:

  • minimum loan amount $500.

Rates & fees


 Rate pa

Rates effective 1 Jan 2010.

Fees & charges

Refer to Fees & Charges (PDF) for information on current fees & charges.

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3 easy ways to apply

Before you apply...

You should also read the following important documents which include the terms and conditions, risks and benefits of the savings accounts your overdraft would be linked to and the access method you would use to draw on the funds:

BSB: 704 230

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