Helping to meet cash flow demands

• Business overdraft is a revolving line of credit facility, established with an agreed overdraft limit on your Business cheque account.
• Ideal for assisting in day to day transactions such as payroll, government rates and taxes, and creditor and debtor transactions.
• Funds may be drawn up to the overdraft at anytime.
• The overdraft facility is normally secured by various types of security including residential, commercial or other property and/or business assets.
• When there is a positive balance, credit interest may be paid to the account in line with Business cheque interest rates.

Features

• Secured or unsecured facility available.
• Interest is calculated daily and posted to the account monthly in arrears.
• Statements posted monthly and repayments are due monthly.

Accessing funds

• Funds are available through Online Banking, Express Line, ATMs and at branches.
• Use the optional cheque book or have regular payments deducted from your account.
• Take advantage of Adelaide Bank's flexible fee structure with up to $20 worth of transactions free each month. And convenienct transactions, such as balance enquiries(except for non-Adelaide Bank ATMs), cash deposits, Visa retail purchases and internal fund transfers between Adelaide Bank accounts are fee free.