Business Overdraft Facility

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

  • 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

Interest Rate
Residential Security
Non Residential Security
Interest Rate
Interest Rate
Rates Effective From 24/08/2016

Monthly administration fee  


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 10* $0.50
Heritage ATM withdrawals, transfers and balance enquiries 10* $0.50
EFTPOS 10* $0.50
Non-Heritage counter withdrawal (Visa) 0 $2.50
 Overseas ATM or ocunter 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.

# Members with a residential postcode recorded by Heritage within the range of 0000 to 3999 or 4385 to 9999 may make unlimited Bank@Post 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.

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