An extension of our Edge Account, the Edge Overdraft provides all the features of a regular banking account, including access via Online Banking and the Gateway 2go app, no monthly fees and access to your money with a Visa Eco Debit Card, but with the safety of knowing that you have access to additional funds when you need them.
Flexible terms on your Edge Overdraft means there is no maximum or minimum loan term, no exit fees and no draw down fees. Be approved for a credit limit of up to $20,000 (subject to credit approval) and only use what you need, when you need it.
Interest on the Overdraft is only charged on the funds you have used, rather than paying interest on a personal loan lump sum, with only a 3% minimum monthly repayment required on the outstanding end of month balance. Payment credits can be made by having your salary paid directly into your account or via direct debit. Getting you salary directed to the account is a great way to manage your account balance and minimise any interest payable on overdrawn balances. You can even set up all your external direct debits from your Edge Overdraft account to make it your one-stop banking destination.
Having a pre-approved credit limit on your Edge Overdraft account means you don’t need to juggle multiple accounts. Monitoring fees and rates on different accounts can quickly become overwhelming. By having one account that can switch from acting as a regular bank account that pays you interest on credit balances, into an overdraft with a competitive interest rate that is lower than many credit cards, the Edge Overdraft gives you the best of both worlds.
The pre-approved credit limit means you can avoid overdrawn penalties that may be charged on other banking accounts. Multiple expensive credit cards can be eliminated when you link an Eco Visa Debit Card to your Edge Overdraft account enabling online shopping or the purchasing of goods in-store. Instead of relying on high interest credit cards for daily groceries, petrol, clothes or the odd splurge, simply use the Visa Eco Debit Card linked to your Edge Overdraft account for the convenience of only needing to track one account with complete flexibility, no matter your balance.
With full visibility over your account with the Gateway 2Go app, Online Banking and Telephone Banking available 24 hours a day, you can choose your favourite method to view your account balance and expenses. Plus with only one account to view, you can easily identify your position and plan your saving goals quickly and easily.
By linking a Gateway Visa Eco Debit Card, you have instant access to your funds wherever Visa is accepted, allowing you to shop online, over the phone or in-store, and pay your bills simply and easily. The Visa Eco Debit Card is also accepted at all ATMs that accept Visa, including a wide network of ATMs in Australia can be accessed, fee-free.
Want to apply for a Gateway Bank Edge Overdraft online? Use our simple and easy application, and make sure you have the following information ready to speed up your approval:
Alternatively, if you do not wish to take out an Edge Overdraft, you can simply open an Edge Bank Account online in less than 5 minutes and link a Visa Eco Debit Card for easy, everyday banking.
Car & Personal Loans |
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|---|---|
| Establishment Fee : | $149 |
| Monthly Fee : | $0 |
| Annual Fee : | $0 |
| Minimum Amount : | $1,000 |
| Maximum Amount : | $20,000 |
| Maximum Term (Years) : | None |
| Periodic Payments : | Yes |
| ATM/EFTPOS Access : | Yes |
| Branch Access : | Yes |
| BPAY® : | Yes |
Rates advertised apply to principal and interest repayment types only. Gateway reserves the right to vary these interest rates at any time. Applications for finance are subject our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply.
1 A minimum monthly payment of 3% of outstanding balance is required when account is overdrawn. Full outstanding balance is repayable on demand. Overdraft interest is calculated daily and credited monthly (on the last day of the month) to the outstanding balance.
2 ® Registered to BPAY Pty Ltd ABN 69 079 137 518.
*Applications for finance are subject our standard credit assessment criteria. Full terms and conditions are included in the loan offer. Fees and charges apply. A minimum monthly payment of 3% of outstanding balance is required when account is overdrawn. Full outstanding balance is repayable on demand.
