Business Overdraft Facility

The Heritage Business Overdraft Facility covers you by providing a flexible line of credit in conjunction with a Business Cheque Account.

Features

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  • Overdraft limit is available on an ongoing basis
  • Interest is charged only on the funds you use
  • Full transaction capability with chequebook, card and online access
  • Preferred minimum amount $20,000. For lesser amounts the Business Visa credit card may be a suitable replacement
  • No maximum amount restriction
  • Secured by mortgage

 

Rates

Interest Rate
Residential Security
Non-residential Security

Residential Security

Interest Rate
5.29%

Non-residential Security

Interest Rate
6.29%
Rates Effective From 15/10/2019
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Fees

Monthly fee $30.00
Application Fee  Available upon application

Heritage Online Security Token to authorise batch payments

$50 per token, every 3 years. Includes replacement tokens 

Transaction Type 

Fee Per Transaction
Direct credits and debits Free
EFTPOS
 Free
Visa debit and Visa payWave Free
Counter cash deposits, withdrawals, transfers and BPAY® Free
Heritage ATM withdrawals, transfers and balance enquiries Free
Cheque deposits Free
Presented cheques 
 Free
Overseas ATM or counter withdrawals (Visa)  $5.00 plus overseas currency conversion fee 
Bank@Post Transactions* $3.00
*Bank@Post transactions are free for members for which a residential postcode recorded by Heritage is within the range 0000 to 3999 or 4311, 4312, 4313, 4360, 4361 and 4385 to 9999. 
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