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    • Always business ready

      Sole traders can prepare for what’s next with from $2,000 to $20,000 accessed via your Everyday Business account for when you need it.

    • Fast funds

      Receive an instant decision and access your funds immediately once you’ve accepted your offer.

    • Get clever with your cash

      Put our smart tools to work, get spending alerts, and set caps. All managed from the palm of your hand.

    Apply for a business overdraft in AMP Bank GO

    A business partner you can 
    rely on

     

     

    • Apply in 10 mins for $2k-$20k overdraft

    • Fast approval, instant funds on acceptance

    • Only pay interest on the amount you use

    • Sits conveniently and securely within AMP Bank GO

    • Access your funds with AMP Bank GO debit Mastercard

    Download AMP Bank Go

    Opportunity or emergency?

    You’ll always be ready with cash between $2,000 and $20,000 when your business needs it most.

    Rate, fees and eligibility
    Rate, fees and eligibility
    Fees


     

     Fees  Amount
    Establishment fee $200 or 1% of approved credit limit, whichever is greater
    Monthly service fee

    Waived for the first 12 months    		  1% p.a. of approved credit limit charged monthly in arrears



    Effective date 24 June 2025

    See all fees and charges
    Rate


    Business Overdraft interest rate is calculated daily and only on the funds you’ve used and charged on the first day of the following month.

     

    Rate % p.a
     Variable interest rate 15.70


    Effective date 24 June 2025

    See all fees and charges
    Eligibility


    If you meet the following criteria, you may be eligible to apply for a Business Overdraft:

    • A sole trader
    • Registered for GST, and have operated under your current registered ABN for more than 6 months
    • Over 18 years of age
    • You are a citizen or permanent resident of Australia
    • If you haven't been declined on a previous application in the past 30 days
    • Business Overdraft must be used for business purposes
    business-overdraft-in-mobile-phone

    Apply for a Business Overdraft in four easy steps

    1. Sign into AMP Bank GO Everyday Business Account
    2. Click on your profile icon (right top of your screen)
    3. Select ‘Business overdrafts’ in the menu items
    4. Follow the steps for the application process
    Download AMP Bank Go

    FAQs

    A Business Overdraft enables you to access funds up to an agreed limit via your Everyday Business Account to help you manage the ups and downs of your day-to-day cashflow. An overdraft is an extension to your Everyday Business Account.

    A Business Overdraft can be used for business expenses such as cash-flow management, to pay suppliers, for payroll or to purchase supplies.

    A Business Overdraft helps you to maintain cash flow, provides flexible repayment options, access funds easily and only pay interest on what you use.

    Before you submit your Business Overdraft application, we will ask for your consent to complete a credit check. The credit check involves AMP Bank accessing credit reports from credit reporting bodies. These reports contain information, such as your credit history that assists us in assessing your application.

    Yes, you will need to first open an Everyday Business Account in order to be eligible to apply for a Business Overdraft. This is because the Business Overdraft product is a feature of an Everyday Business Account.

    A Business Overdraft enables you to access funds up to an agreed limit via your Everyday Business Account to help you manage the ups and downs of your day-to-day cashflow. An overdraft is an extension to your Everyday Business Account.

    A Business Overdraft can be used for business expenses such as cash-flow management, to pay suppliers, for payroll or to purchase supplies.

    A Business Overdraft helps you to maintain cash flow, provides flexible repayment options, access funds easily and only pay interest on what you use.

    Before you submit your Business Overdraft application, we will ask for your consent to complete a credit check. The credit check involves AMP Bank accessing credit reports from credit reporting bodies. These reports contain information, such as your credit history that assists us in assessing your application.

    Yes, you will need to first open an Everyday Business Account in order to be eligible to apply for a Business Overdraft. This is because the Business Overdraft product is a feature of an Everyday Business Account.

    Learn more about AMP Bank GO
    • Ways to bank with AMP Bank GO
    • Learn more about the Everyday Business Account
    • Banking FAQs
    • Contact us
    Important information

    Credit and deposit products are issued by AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.

    Credit and deposit products are issued by AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517. 



    Information including interest rates is correct as at 24 June 2025 and is subject to change without notice. Business Overdraft subject to AMP Bank credit approval. Terms and conditions and fees and charges apply. Before making a decision about this product you should consider the Business Overdrafts terms and conditions available from AMP Bank at amp.com.au/appterms.

    This information is provided by AMP Bank Limited. Read our Financial Services Guide available at amp.com.au/fsg for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.

    AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice. 



    A target market determination for these products is available on our TMD page.

    For accounts with BSB number 939 900 and accessed vi AMP Bank GO, Terms and Conditions apply and are available here (https://www.amp.com.au/personal-banking/amp-bank-go-terms-and-conditions)

    For accounts with BSB number 939 200 and accessed via the My AMP app, Terms and Conditions are available here (https://www.amp.com.au/bankterms)