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Cover your everyday expenses with confidence
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When life gets busy, it's easy to lose track of how much money you have in your account.
A NAB Personal Overdraft links to your everyday transaction account to provide you with extra money, up to an agreed limit, to cover everyday expenses when there's nothing left in your account. It acts as a safety net when you have multiple direct debits coming out of your account, when you're waiting for pay day, if an emergency occurs or simply when a lot of unexpected bills come through at once.
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| Overdraft limit available |
From a minimum $500, up to an agreed limit, that suits your needs. Subject to approval.
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| Transaction amount |
There is no restriction on how much or how little you use of your overdraft, as long as it is within your agreed limit
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| Convenient access to |
Access your funds via*
- ATMs
- EFTPOS
- NAB Internet Banking
- NAB Telephone Banking
- NAB Branches
- NAB Cheques
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| Attach to your NAB everyday transaction account |
A Personal Overdraft can be linked to most NAB transaction accounts, including these new everyday transaction accounts
Check if your older NAB transaction account is eligible.
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| Repayment methods |
Paying what you owe is simple. Your amount owing on your overdraft is reduced automatically when you pay money into your account, for example when your salary is put in.
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| Interest rate |
Personal Lending Base Rate, plus 4% pa. You only pay interest on what you use. View our current Rates, fees and charges.
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| Fees and charges |
No application fee for limits up to $40,000. For higher limits there is a once off application fee based on the limit approved.
A Half Yearly Overdraft Line Fee is applicable and is based on the approved limit. View our current Rates, fees and charges.
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| More information |
View our frequently asked questions.
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| Tools to help with your decision |
Use our Budget planner to help you show the times where a NAB Personal Overdraft could assist you in meeting your expenses.
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| How to apply? |
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Its easy to apply for an overdraft. To apply:
Hearing impaired customers with telephone typewriters can contact us on 13 36 77 from 8am to 8pm EST, Monday to Friday.
When you apply, you'll need:
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An eligible NAB transaction account or identification to satisfy an AUSTRAC 100 point test (if you are a new customer)
- Your driver's licence details
- The value of your home and car, if applicable, and any other assets
- The amount owing on your loans, credit cards or store cards
- Your income and employment details
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* Subject to the fees payable on your transaction account.
Terms and conditions available upon application. Fees and charges are payable. Subject to NAB credit assessment criteria.
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