Personal Overdraft benefits
Flexibility between bank accounts
Easily transfer your overdraft funds between your NAB accounts when you need to.
Access funds anywhere
Easily access your money via any of NAB’s 7,000 Australia-wide ATM’s.
No set repayments
You’ll only ever pay interest on the funds that you spend.
Rates and fees
Application fee
$ 0
Overdraft line fee
$ 35
This is the minimum fee based on your approved limit, and you’ll be charged every six months
Current variable interest rate
12.77 % p.a.
Personal Overdraft interest rate
Frequently asked questions
Read our most commonly asked questions relating to our Personal Overdraft account.
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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.
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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.
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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.
Other products to consider
Help and support
View our guides for home buying and managing your finances.
Other ways we can help
Use our help guides, FAQs and other support services to help you manage your banking more easily.
Contact us
Visit a NAB branch
Visit your nearest NAB branch to speak to us in person.
Call us
Let us help you with your personal banking needs.
Terms and Conditions
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Closing your account
If you’d like to close your account please visit a NAB branch.