Business overdraft

All businesses have ups and downs - an overdraft provides a buffer for your business, giving you access to extra funds when needed, with no fixed repayments. This is business borrowing.
Staff working in office

Flexible, on-demand funds

  • An overdraft helps smooth out cashflow fluctuations.

  • You can pay it off and re-use it whenever you like.

  • Stays in place even when you're not using it.

  • No set repayments – you can make payments as and when suits your business.

  • Get a quick decision if you've got a Xero or MYOB AccountRight Live subscription using our Fast Capital application.

Rates & fees

Base rate

Business Overdraft base rate (hard-coded) (active)

A margin may apply.

Unauthorised overdraft rate

Business Overdraft - unauthorised/excess rate (active)
If your account goes into negative balance or exceeds any agreed credit limit.

Application fee

When you apply for a new or increased overdraft, suited to your business and its borrowing needs

  • Minimum fee $75.

Overdraft fee

What you pay to have an overdraft

Unless otherwise set out in your Overdraft or Facility Agreement

  • 0.10% of the credit limit, per month. This is calculated daily and charged monthly in arrears on the last day of each month
  • Minimum fee of $5 per month.

Temporary overdraft arrangement fee

When you ask for a temporary overdraft or a temporary increase in your overdraft

  • 0.25% of the credit limit or the amount of the increase
  • Minimum fee $75.
See all rates & fees

How it works

  • Flexibility to repay & redraw funds

    We'll agree a credit limit for your overdraft, and you'll be able to repay or redraw funds at anytime within this limit.

  • Pay interest based on what you’ve used

    Interest is calculated daily and charged monthly on the amount you’ve been overdrawn during the month.

  • Quick decision with accounting integration

    By linking your Xero or MYOB AccountRight Live data when you apply through our Fast Capital application, you'll get a quick decision.

  • Access a business overdraft with a Business Edge

    To get a Business overdraft, you need a Business Edge account to access it from.

Apply for a business overdraft

Get a decision within minutes using our Fast Capital application by linking your Xero or MYOB AccountRight Live data. Or talk to one of our business banking specialists, they’ll let you know what you need to do and what your options are.

Have a Xero or MYOB account?

If you're a director of a New Zealand registered company with Xero or MYOB AccountRight Live financial data you can apply online through Fast Capital.

Apply now

Talk to a business banking specialist

Talk to one of our business banking specialists. They'll let you know what you need to do and what your options are.

Talk to us

Call us

Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.

We're available Monday to Friday: 8am – 5pm.

Call 0800 601 601

Other borrowing options you may be interested in

Kiwibank's eligibility criteria, lending criteria, terms and conditions, and fees apply.