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Banking / CommBank AdvancePay

How it works

With CommBank AdvancePay, you can access money you expect to be paid, before your next pay day.1 If you’re eligible, the way it works is simple. For a short time, we’ll add a temporary limit to your everyday account. Your access to the limit will expire on your next pay day.2

A few easy steps

  1. Start by confirming that you’re eligible (read through the requirements below). 
  2. Apply online and answer a few simple questions about your pay. You’ll also choose a limit and the expiry date based on your next pay day.
  3. If you’re approved, you’ll soon have access to the limit on your transaction account (usually within minutes, but up to 1 business day).
  4. Any money paid into your account will automatically be used to repay your limit.  

Keep in mind

  • You can use all or part of the temporary limit.
  • When the limit is applied, it will include the fee that’s charged to your account (shown in Fees & Charges below).
  • Check whether any direct debits or scheduled payments are due within your pay cycle. You’ll need enough money on your chosen expiry date to repay your CommBank AdvancePay, otherwise your account may become overdrawn.

How it works

With CommBank AdvancePay, you can access money you expect to be paid, before your next pay day.1 If you’re eligible, the way it works is simple. For a short time, we’ll add a temporary limit to your everyday account. Your access to the limit will expire on your next pay day.2

A few easy steps

  1. Start by confirming that you’re eligible (read through the requirements below). 
  2. Apply online and answer a few simple questions about your pay. You’ll also choose a limit and the expiry date based on your next pay day.
  3. If you’re approved, you’ll soon have access to the limit on your transaction account (usually within minutes, but up to 1 business day).
  4. Any money paid into your account will automatically be used to repay your limit.  

Keep in mind

  • You can use all or part of the temporary limit.
  • When the limit is applied, it will include the fee that’s charged to your account (shown in Fees & Charges below).
  • Check whether any direct debits or scheduled payments are due within your pay cycle. You’ll need enough money on your chosen expiry date to repay your CommBank AdvancePay, otherwise your account may become overdrawn.

Features & benefits 

  • Access money at a time that suits you

    Get access to a minimum amount of $300 before your next pay day.3 There’s no need to contact or involve your employer.

  • Apply online in minutes

    You can apply online in just a few minutes, as long as you’re eligible. If approved, your limit should be available within seconds (but may take up to 1 business day).

  • A single upfront fee

    You’ll be charged a fee depending on the amount you ask for. There are no extra charges if you pay back on time.

Fees & charges

There is a single, upfront fee of $5 for every $500 (or part of) you ask for. For example:

If you ask for
The fee amount is
Between $300 and $500
$5
Between $501 and $1,000
$10
See more on fees

This fee is charged when your CommBank AdvancePay limit is applied to your account, regardless of whether the temporary limit is accessed or not. Your final limit will be made up of the amount approved and the fee.4

How to repay your limit

Access to CommBank AdvancePay will expire on your chosen pay date. Any money paid into your account is automatically used to repay your CommBank AdvancePay.

Check if any direct debits or scheduled payments are due within your pay cycle. You’ll need to make sure there’s enough money in your account on your chosen pay date to repay your CommBank AdvancePay, otherwise your account will be considered overdrawn when your limit expires.

If you don’t repay on time

If your CommBank AdvancePay limit is not fully repaid once your chosen pay date arrives, your account will be considered overdrawn and you’ll be charged the debit excess interest rate. This interest rate is currently 14.90% p.a. and will apply on any overdrawn amounts. 

Other fees and charges related to your everyday account will continue to apply. For example, an overdraw fee (currently $15.00) may apply if you make additional transactions on your account while overdrawn. See CommBank Transaction, Savings and Investment Account Terms and Conditions (PDF).

How to apply

It’s easy. Apply online by answering a few simple questions about your pay. CommBank AdvancePay can only be applied for online.

Apply now

To be eligible you must:

  • Have your income regularly paid into a CommBank Smart Access or Complete Access account (not a joint account)
  • Be registered for NetBank
  • Have earned enough income at the time of applying to meet our $300 minimum limit
  • Be two days or more away from your next pay date
  • Have accessed CommBank AdvancePay  less than:
    • Eight times in the past 12 months if you’re paid weekly or fortnightly
    • Four times in the past 12 months if you’re paid monthly
  • Meet our other lending criteria

If you’re not eligible today, you may be eligible later in your pay cycle or in your next pay cycle, so you can try again at a later date.

Is CommBank AdvancePay right for you?

CommBank AdvancePay may help when unexpected personal costs hit and you need a short-term solution that helps avoid more costly options. To help you stay in control of your finances, we limit how often you can use CommBank AdvancePay. We only allow you to have one facility at a time, and it won’t be available every pay cycle. 

For ongoing or longer-term credit, other borrowing options may be more suitable (e.g. a credit card, accessing available redraw on your home loan or asking your phone or utility providers for help) Compare our other products.

If you’re facing financial difficulty, CommBank AdvancePay may not be suitable for you. Learn how our Financial Assistance Solutions team can help.

We don’t conduct a credit check as part of your CommBank AdvancePay application, but we may share information about your CommBank AdvancePay with credit reporting bodies.

Things you should know

  • 1 To do this, we rely on the information you tell us about your pay in your application as well as information we already have. We don’t contact your employer, so this is only an estimate.

    2 A temporary credit limit gives you access to additional funds, up to an approved limit. CommBank AdvancePay is for personal use only.

    3 The maximum amount you may be able to apply for will be shown in your application form.

    4 Your final limit is inclusive of a fee which is charged to your account at the same time your limit is established. For example, if you apply for $500, your CommBank AdvancePay limit will be $505 with a $5 fee charged, leaving you with available funds of $500.

    Applications for finance are subject to the Bank’s normal credit approval. View the CommBank AdvancePay Terms and Conditions. Fees and charges may be payable.