Overdraft Account

Overdraft product is no longer available for new accounts.

Rates and Fees

Variable

Interest rate (p.a.)
Variable interest rate - This product is no longer available for new accounts
12.79%
One-off Fees

Application fee
$0
Establishment fee
$0
Redraw fee
$0
Ongoing Fees

Annual fee for limits under $1,000¹
$30
Annual fee for limits over $1,000¹
$72

	Interest rate (p.a.)
Variable interest rate - This product is no longer available for new accounts	12.79%


Application fee	$0
Establishment fee	$0
Redraw fee	$0


Annual fee for limits under $1,000¹	$30
Annual fee for limits over $1,000¹	$72

Overdraft Account Options

To reduce your overdraft limit, contact us by phone on 1300 654 822 (within Australia) or +61 3 9834 8560 (overseas), via email at info@bankfirst.com.au or by visiting one our Branches.
To cancel your overdraft contract, contact us by phone on 1300 654 822 (within Australia) or +61 3 9834 8560 (overseas), via email at info@bankfirst.com.au or by visiting one our Branches.
Repayments
You will only be required to cover a minimum monthly repayment of 5% of the outstanding balance or $20 (whichever is greatest). Easily transfer funds anytime to reduce your outstanding balance and reduce the interest you pay.
Security
The Overdraft is typically unsecured, but we do assess on a case-by-case basis.

Terms and Conditions

Important Information

Interest Rates effective 16 December 2025.

Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.
1. The Overdraft Service Fee is payable on the last business day in June.

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Overdraft Account

Rates and Fees

Variable

One-off Fees

Ongoing Fees

Overdraft Account Options