Get flexible credit for your daily cash flow needs with an overdraft that is linked to your Agri Current account.
Simple and easy
Because your overdraft is applied to your transaction account, you can see your balances and transactions in one place. Access your funds anytime, the way that suits you - online, over the phone, via EFTPOS, at ATMs or in person at your local branch.
Only pay interest on the amount you use, and receive interest on a positive balance. Interest is calculated daily, with no minimum or fixed repayments. Fees and interest rates are subject to change.
Tailor your overdraft to suit you and seasonal fluctuations in your cash flow needs. Access the funds, up to your limit, at any time. Short-term extensions may be available, subject to lending criteria.
Rates and fees
Unless otherwise advised to you, the following rates and fees apply to the ANZ Agri overdraft:
Overdraft interest rate
You will pay the Agri Current account overdraft base rate, currently —% p.a, plus a margin on the amount of the agreed overdraft limit you use.
Monthly overdraft management fee
Unless agreed otherwise in your facility agreement, 0.0625% (minimum $5 a month).
Calculated and charged monthly as a percentage of the highest agreed credit limit available during that month.
Overdraft application fee
Minimum amount of either $100.00 or 0.50% of the approved credit limit or increase, whichever is greater.
Excess interest rate
If you don't have an arranged overdraft limit, or you exceed your approved overdraft limit, we can charge you an excess interest rate. Unless stated otherwise in your facility agreement, the excess interest rate is our Agri Current account base rate, currently— % p.a., plus 8% p.a. We can charge you excess interest on any amounts over your credit limit, until you repay them.
We designed the ANZ Farm Start-up package to include everyday banking tools to make business banking easier for new farmers. Sign up pay no transaction or monthly account fees on an Agri Current account or Freedom account for 12 months.