Help & support
A personal overdraft isn’t just limited to unexpected expenses, it can be used for whatever life throws your way. Whether it’s a small home appliance or other general living expenses, use the funds to cover your next purchase.
Avoid the inconvenience of overdrawing your account and paying dishonour fees - helping you feel better prepared for unexpected expenses.
Your personal overdraft can help you meet unexpected expenses.
You’ll pay interest on the money you use plus a monthly fee – but it won’t cost anything if you don't use it.
It’s connected to your Smart Access or Complete Access Account, so you can easily access amounts ranging from $100 to $20,000 depending on your limit.
You can access your overdraft the same way you access funds in your transaction account. For example, using your digital wallet or your Debit Mastercard, online in NetBank and the CommBank app, or at any of our ATMs.
You can view the details of your Personal Overdraft anytime, online in NetBank and the CommBank app.
How to pay it off: Any money you put into your transaction account is automatically used to repay your overdraft balance - such as your salary, transfers and other deposits.
Your overdraft is ongoing, so you can access it whenever you need it. However, keep in mind that paying it back quickly will minimise your fees and interest charges.
Make sure you monitor your accounts closely so that you know when you may be likely to dip into your overdraft. If you find that the timing of your bill payments means you’re regularly going into overdraft, think about rescheduling them so that they come out after you’re paid.
CommBank AdvancePay
With CommBank AdvancePay, you can now access money before your next pay day. Apply online in just a few minutes.
