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Remove the stress of managing fluctuations in your short-term working capital including unexpected expenses or cash shortages by being able to draw on real cash during times of need.
Providing support for your business cashflow, a business overdraft is a flexible financing solution that gives you the ability to redraw up to your approved limit at any time. Interest is charged only on the balance outstanding and you can make deposits when your business receives payments. Utilise all of the funds up to your approved limit or only part of your approved unsecured business overdraft. Our overdraft account now comes with a card attached.
Our easy to use overdraft account with a credit card attached, offers you flexibility and simplicity when it comes to managing your business expenses. With a Dynamoney credit card use your overdraft funds from and receive access to a range of features and benefits, carefully curated to support your needs. Enjoy multiple cards under the one limit, different levels of access to help managed monthly spending, set a monthly spend limit and competitive interest rates. Learn more about our card benefits.
From RBA + 11%1
per annum
Approval requirements are:
Business overdrafts are a useful financing solution when your business needs to spend more cash than what is currently available in your everyday business account. Usually connected to your existing business bank account, an unsecured business overdraft allows you to cover seasonal cash flow cycles or manage working capital (e.g. supplier invoices, new product launches) whilst you’re waiting for more cash to be deposited from outstanding sales.
Business overdrafts can be either a short term financing solution to cover the day to day running of your business or an ongoing facility if your funding requirements regularly change. Unsecured business overdrafts differ from business loans as they do not have a set duration or repayment structure. Our overdraft product now comes with a card attached to simplify your business spending.