BUSINESS OVERDRAFT

Better cash flow management

Seamlessly links to your business transaction account so you can transfer funds anytime, anywhere.
Seamless onboarding
Register online in minutes to access up to $1 million, without the paperwork.
Flexible business banking
Link to any business transaction account so you can transfer as little or as much as you need.
Only pay interest on funds used
You’ll only ever pay interest on what you spend, not on the overdraft limit.
Anytime, anywhere
Access your account 24/7 anytime, anywhere with Shift Online.

How it works

Log into Shift Online

Step 1

Select your Business Overdraft

Step 1

Transfer available funds to any linked business transaction account

Step 1
Account limit
Up to $1 million
Repayments
Weekly
Term
Revolving
Minimum time in business
3 years +
Variable annual percentage rate
11.95% - 19.95%
Fees
No establishment fee.
$495 - $795 annual fee.
Open an account in minutes
Get Started

Frequently asked questions

Why choose Shift?

Shift is finance on demand for business. Enabled by streaming data, Shift provides credit and payments platforms that help businesses trade, pay and access funds.

As one of Australia’s fastest-growing technology companies, Shift is changing the way businesses access finance. Shift has been recognised by AFR’s Fast 100, Deloitte’s Technology Fast50, Smart Company’s Smart50 and Deloitte’s Asia Pacific Technology Fast 500.

How does it work?

Open an account online in minutes. A Shift Account Manager will contact you to finalise your account setup and set your limit. You can transfer funds from your Business Overdraft to your linked business transaction account as you need, up to your account limit.

What can my Business Overdraft be used for?

The funds from your Business Overdraft can be used for any business purpose.

How do you set my account limit?

Account limits range from $10,000 to $1 million. Your account limit is set based on the size or turnover of your business, which our platform can quickly assess based on the information you link online.

What do I need to open an account?

Shift can assess any business with a valid Australian Business Number with over 3 years trading history. You will also need to provide your mobile number, drivers’ licence or passport, and securely connect your business bank account.

How soon can I access my Business Overdraft?

Limits under $250,000 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 11.95% to 19.95% variable annual percentage rate depending on business turnover. 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.

How long do I have to repay?

You have up to 5 years for each transfer you make from your account.

How do I make repayments?

Weekly repayments will be automatically debited from your linked business bank account.

How do I contact Shift?

Our Account Managers can help you with any questions – head here for their contact details.

We are a full member of the Australian Finance Industry Association (AFIA), the leading industry advocate for Australia’s finance sector.

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