| Interest rate range | 11.70% p.a. to 21.70% p.a |
| Minimum overdraft amount | $10,000 |
| Maximum overdraft amount | $50,000 |
| Establishment fee | $495 |
| Overdraft facility fee | $30 per month |
How to apply
Check your eligibility then get started with Business+ online or the Business+ app.
Enter your business details and your ID to create your profile.
Apply in 10 minutes. No paperwork and fast approval.
Check your business eligibility
- Annual turnover of at least $75,000
- 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
Frequently asked questions
Your 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).
More features, less fuss.
Banking, finance, invoicing and much more available now in Business+.
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 11.70% p.a. to 21.70% p.a.
To be eligible, here’s what you need to tick off:
- Be aged 18 or over
- Be an Australian resident
- Annual turnover of at least $75,000
- Have at least one year trading history
- Have an ABN for your business
- If your business is a company, all directors must provide a guarantee
- Have a valid email address, mobile number, and driver’s licence for identification
- Be one of the following business structures: a sole trader or a privately-owned Australian company
Can’t remember your business structure, Use the ABN Lookup to find out.
You won’t be able to apply if your business is:
- A tax resident in any country other than Australia
- One of the following business structures: a company owned by another company, a partnership, a trust, or a self-managed super fund
- Simple, fast, and mobile business banking
- Open accounts and loans entirely online in minutes
- In-app support (from real people)
