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Overdraft Facilities

Most businesses experience difficulties from time to time when a delay in receiving funds affects the payment of expenses. That's where the Heritage Business Overdraft Facility can cover you by providing a flexible line of credit in conjunction with a Business Cheque account.

Monthly administration fee $30.00
Application fee Available upon application
Business internet banking security token (including replacement security tokens) $50.00 per token each 3 years
Transaction type Monthly fee free zone Fee per excess transaction
Heritage on-line internet banking Unlimited Free
Heritage Access Line phone banking
Direct credits
Direct debits
Counter cash deposits
Cheque deposits and cheque withdrawals 10* $0.50
Counter cash withdrawals, transfers and BPAY
Heritage ATM withdrawals, transfers and balance enquires
Network ATM withdrawals and balance enquiries $1.75
Non-Heritage counter withdrawals (Visa) 0 $2.50
Overseas ATM or counter withdrawals (Visa) 0 $5.00 (plus overseas currency conversion service fee)
 Bank@Post cheque and cash deposits   0#  $3.00 
 Bank@Post withdrawals  0  $3.00
 Bank@Post enquiries 0 $3.00

* Bonus fee free zone

You are eligible for your 10 free transactions a month to be increased to 40 if, at the end of the month, your account has been open during the entire month and:

  • There is a Heritage home loan or investment loan (other than a Living Equity line of credit), a Heritage business loan (other than a Business Overdraft) or a Business Line of Credit under any member number related to your account and which you have given us recognised instructions to link to your account; or
  • There is a Heritage Business Visa credit card account under any member number related to your account and which you have given us recognised instructions to link to your account, and at least one purchase, B pay or cash advance was made on the credit card account during the month; or
  • You have total credit balances of at least $50,000 in Heritage accounts under the same member number as your account.

(Even if you satisfy more than one of these conditions, your fee free zone will not be increased to more than 40.) Only a maximum of 10 Network ATM transactions will be free.

#Special zoned members (those with a residential postcode recorded by Heritage within the range of 0000 to 3999 or 4385 to 9999) may make unlimited Bank@Post cheque deposit and Bank@Post cash deposit transactions without attracting transaction fees for these transactions. 

To approved applicants only. Fees, charges and conditions apply. Please read the Guide to Heritage Deposit Products (available in branch, by phoning 13 14 22 or here) and consider whether this product is right for you.

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

Generate a personalised Key Fact Sheet based on your loan amount, term and repayments. This tool is provided to help you compare home loans from Heritage with other financial institutions.

To approved applicants only. Fees, charges and conditions apply.