A Rural Bank Seasonal Overdraft gives you access to daily working capital to cover cash flow shortfalls or to finance short-term production costs.
Important information
Rural Bank products will be transitioned to equivalent Bendigo Bank products on 14 March 2025. While many things are staying the same (e.g. account numbers), there will be some changes. A description of the changes is available in the product variation notices.
Please note: Rural Bank products are no longer available for sale ahead of the transition to Bendigo Bank products.
Features of our Seasonal Overdraft facility
Includes all the features and benefits of a Seasonal Account, including a Visa Debit card, Internet and Phone Banking.
Minimum overdraft is $20,000.
Variable interest rate with interest calculated on daily balances and charged monthly.
You can use your land, stock, crop or wool as security.
No fixed or minimum repayments are required as long as the amount owing is below the agreed limit. This allows you to make repayments as you receive your farm proceeds.
We tailor our lending products to meet the repayment and cash flow requirements of your business. To find out more, including interest rates, arrange a meeting with one of our Relationship Managers.
Seasonal Account
Why be limited by your seasonal income cycle? With a Rural Bank Seasonal Account you can have easy access to finance all year round.
Hear from one of our customers
Tom Ashby of North Ashrose Merino Stud, South Australia, is developing new technology to improve efficiency in sheep yards. We understand the value this will bring to the industry and are there to support him.
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North Ashrose Merino Stud
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Important information
Things you should know
Information is subject to change. All applications for loans or credit are subject to normal lending criteria. Terms, conditions fees and charges apply and are available by phoning our Customer Service Team on 1300 660 115.
Cheque facility is only available on accounts opened prior to 1 August 2023.
