| Interest rate range | 14.95% p.a. to 25.95% p.a |
| Minimum overdraft amount | $10,000 |
| Maximum overdraft amount | $50,000 |
| Establishment fee | $495 |
| Overdraft facility fee | $30 per month |
Check your eligibility then start with Business+ online or download the Business+ app.
Create your business profile online or in-app.
Apply in minutes and verify your business, personal and financial information.
Check your business eligibility
- Be registered for GST and have at least $75,000 in turnover
- Have at least one year trading history
- If your business is a company, all directors must provide a guarantee
- a partnership
- a trust
- a company that isn’t owned by real people
- a tax resident in any country other than Australia
Explore more about Small Business Lending
Check out these clever tips and tools to help your business thrive.
Business Overdraft vs. Business Loans
Business loans and overdrafts are great ways to support your cashflow or growth of your small business. This article helps you decide what’s right for you.
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Read moreYour Business+ Unsecured Overdraft is linked to your Business+ Account.
You access your overdraft funds the same way you access your own eg. With your Debit Mastercard, in-app transfers, direct debits, BPAY®, etc.
If you overdraw your Business+ Account, don’t worry, your Business+ Unsecured Overdraft covers you (up to your approved limit) until you get your balance back in the black. You only pay interest on what you have used.
An overdraft is a line of credit with a limit approved by your bank. It lets you to draw on that money as you need it.
A loan is a fixed amount of borrowing upfront which is repaid over a set term with regular repayments.
Great Southern Bank is the trading name of Credit Union Australia Limited. You may have previously known us as CUA.
For over 75 years we’ve helped our customers manage their money. We do this by providing clever products and smart tools that help you reach your financial goals sooner. Plus, being customer-owned means that our profits go back into our products and services, not shareholders.
We love helping people reach their financial goals and we can’t wait to help you reach yours, whatever they may be. Jump on Business+ online or download our Business+ app to get started.
No. Our Business+ products are designed to be 100% digital.
For help with anything to do with your Business+ products, use the Chat in the Help section of Business+ online or the Business+ app. You’ll be helped by one of our team (yep, a real person).
‘Appy days!
Everyday business banking, savings and finance all in the Business+ app.
Reach your goals with our high-interest, no fee savings account.
A business management account for sole traders and small businesses.
The simple way to fund your business's big plans.
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. Information on Business+ accounts is general information and does not consider your objectives, financial situation or needs. Consider the appropriateness of the information, including the Business Banking Terms & Conditions (T&Cs) booklet and the Business Finance Terms and Conditions, before acting on it.
The product is only available to approved applicants for business purposes. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.
A Business+ Unsecured Overdraft is a revolving facility subject to annual review.
Business+ Unsecured Overdraft rates range from 14.95% p.a. to 25.95% p.a.
- You must be aged 18 or over
- You must be an Australian resident
- You must be a sole trader or company owned by real people
- ABN for your organisation
- An email and a mobile number
- One form of ID such as your driver's licence, passport, or Medicare card
- Simple, fast, and mobile business banking
- Open accounts and loans entirely online in minutes
- In-app support (from real people)
