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Business Overdraft

Manage your cash flow

Seamlessly links to your business transaction account so you can transfer funds anytime, anywhere.

  • Seamless onboarding

    Register online to open an account and access up to $1 million.

  • Flexible account

    You’ll only ever pay interest on what you spend, not on the overdraft limit.

  • Anytime, anywhere

    Access your account anytime, anywhere with Shift Online.

Product information

The Business Overdraft is a flexible way to access finance for any business purpose when you need it

  • Term

    Revolving

  • Repayments

    Weekly or monthly
    up to 5 years

  • Account limit

    Up to $1 million

  • Annual variable % rate

    14.95% - 23.95%

  • Fees

    No establishment fee
    $495 - $795 annual fee

How it works

  • Register online to open an account

  • We’ll contact you to finalise and set your account limit
  • Transfer funds from your Business Overdraft to your linked business transaction account

FAQs

  • How do you set my account limit?

    Account limits range from $10,000 to $1 million. Your account limit is tailored to your financial position, which is assessed based on the linking of your bank account data. For accounts from $500k and above, the account limit is assessed based on financials.

  • How soon can I access my Business Overdraft?

    Limits under $500,000 can be approved within hours, with no paperwork. Once you sign your Facility Agreement, you can transfer funds from your Business Overdraft to your linked business transaction account.

  • What does a Shift Business Overdraft cost?

    You’ll pay a 14.95% - 23.95% annual variable percentage rate. There is a $495 or $795 annual fee depending on the account limit. Pay out your Business Overdraft, or make extra repayments whenever you want, at no cost.

Open an account