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Limited time offer. Credit and eligibility criteria apply. After the introductory period the standard monthly service fee of % p.a. of your credit limit charged monthly applies.
Access unsecured overdraft limits from $2,000 to $50,000* via your Everyday Business account. Use what you need, when you need it.
Interest applies only to the amount you use, not your approved limit. Plus, track your interest in real-time for total peace of mind.
Set your own spending cap, and get smart notifications that help you stay on top of every dollar - no surprises.
Need up to $50,000*? Apply in under 10 minutes and, if approved, your funds are ready to use right after you accept. Fast and seamless.
You’re in full control
Set a cap, get instant notifications, always know what you'll be charged with real-time interest tracking. Stay in complete control.
% P.A
Business Overdraft interest rate is calculated daily and only on the funds you’ve used and charged on the first day of the following month.
Effective date .
$ OR
%
$ or % of approved credit limit, whichever is greater.
% P.A
Waived for the first 12 months
% p.a. of approved credit limit charged monthly in arrears.
If you meet the following criteria, you may be eligible to apply for a Business Overdraft:
A Business Overdraft enables you to access funds up to an approved limit via your Everyday Business Account to help you manage the ups and downs of your day-to-day cashflow. An overdraft is an extension to your Everyday Business Account.
A Business Overdraft can be used for business purposes such as cash-flow management, to pay suppliers, for payroll or to purchase supplies.
A Business Overdraft helps you to maintain cash flow, provides flexible repayment options, access funds easily and only pay interest on what you use.
Before you submit your Business Overdraft application, we will ask for your consent to complete a credit check. The credit check involves AMP Bank accessing credit reports from credit reporting bodies. These reports contain information, such as your credit history that assists us in assessing your application.
Yes, you will need to first open an Everyday Business Account in order to be eligible to apply for a Business Overdraft. This is because the Business Overdraft product is a feature of an Everyday Business Account.
A Business Overdraft enables you to access funds up to an approved limit via your Everyday Business Account to help you manage the ups and downs of your day-to-day cashflow. An overdraft is an extension to your Everyday Business Account.
A Business Overdraft can be used for business purposes such as cash-flow management, to pay suppliers, for payroll or to purchase supplies.
A Business Overdraft helps you to maintain cash flow, provides flexible repayment options, access funds easily and only pay interest on what you use.
Before you submit your Business Overdraft application, we will ask for your consent to complete a credit check. The credit check involves AMP Bank accessing credit reports from credit reporting bodies. These reports contain information, such as your credit history that assists us in assessing your application.
Yes, you will need to first open an Everyday Business Account in order to be eligible to apply for a Business Overdraft. This is because the Business Overdraft product is a feature of an Everyday Business Account.
Credit and deposit products are issued by AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.
Information including interest rates is correct as at is subject to change without notice. Business Overdraft subject to AMP Bank credit approval. Terms and conditions and fees and charges apply.
Before making a decision about this product you should consider the Business Overdrafts terms and conditions available from AMP Bank at amp.com.au/appterms.
This information is provided by AMP Bank Limited. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.
AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice.
A target market determination for these products is available on our TMD page.
For accounts with BSB number 939 900, that you access via AMP Bank GO, the Terms and conditions that apply are available here.
For accounts with BSB number 939 200, that you access via the My AMP mobile app, the Terms and conditions that apply are available here.
* Business overdraft from $2,000 to $20,000 available for Sole Traders and up to $50,000 available for Single director company entity.
