Here's what you get...

  • Flexibility to spend more money than you have in your NAB transaction account

  • Withdraw your overdraft funds at an ATM or use them to make a purchase using your NAB Visa Debit card or NAB Platinum Visa Debit card

  • Transfer your overdraft funds to another account via NAB Internet Banking, the NAB app or NAB Telephone Banking

  • No set repayments – you’ll only pay interest on the funds you use

Okay, let's break it down...


Application fee


Overdraft line fee

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This is the minimum fee based on your approved limit, and you’ll be charged every six months

12.77 % p.a.

Current variable interest rate

Personal Overdraft interest rate

Frequently asked questions

How does a NAB Personal Overdraft work?

Your NAB Personal Overdraft is linked to your NAB Classic Banking account or NAB Retirement Account. It lets you withdraw extra money up to an approved amount. In other words, it lets you go in and out of negative balance with your transaction account.

How is interest calculated?

Interest is only calculated when your end-of-day account balance is negative. This means you can go in and out of negative balance during the day and, provided that your end-of-day account balance is positive, you won’t get charged any interest.

What is an overdraft line fee and when will I get charged for it?

An Overdraft Line Fee is a fee you’ll be charged every six months – in March and September – to have the ability to access additional funds. In other words, even if you don’t use your agreed limit at all for the year, you will still be charged this fee.

Still have questions?

Okay, no worries. Give us a call on 13 22 65

Other options to consider

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NAB Classic Banking account

Enjoy flexibility with your savings while still earning interest. Receive the fixed bonus margin for the first four months on your first new account for balances up to $20m.

NAB iSaver

Grow your savings faster with bonus interest for regular deposits and no withdrawals.

NAB Reward Saver

Earn competitive interest on your savings over a fixed term that suits you.

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