Secured Business Overdraft

 General Lending Rates

 Product Features

• Card Access Additional Information: Visa Debit Card is not available to individuals under 18

• Additional Cards Additional Information: Account holders may hold both a Visa Debit and Cashcard per eligible account

• Free Txns Allowance Additional Information: IMB's Member Transaction Allowance applies to offset transaction fees on this account.

• Overdraft

• Redraw

• Digital Banking Additional Information: Internet Banking and Mobile Banking App.

• Npp Payid Additional Information: Create a PayID through IMB’s Internet Banking or Mobile Banking App to receive Osko payments.

• Npp Enabled Additional Information: This account type is enabled for Osko payments, via the New Payments Platform (NPP). Osko is the faster way to pay or receive money from friends, family and businesses. No more waiting days for money to change hands. Now you can pay and be paid in a matter of seconds

• Bill Payment Additional Information: BPAY® is an electronic bill payment service, providing a convenient access point for the payment and receipt of consumer bills.

• Notifications Additional Information: IMB Alerts keep you up to date by sending you SMS or email alerts regarding your banking. Account Alerts help you keep track of your finances and Internet Banking Security Alerts to help keep you safe online. You can register for Alerts in Internet Banking.

• Other Additional Information: Direct debit is available on this account type.

• Other Additional Information: Direct Credit is available on this account type.

• Other Additional Information: Schedule Electronic Funds Transfers or Periodic Payments via internet banking, in branch or telephone banking

• Other Additional Information: Make and receive Electronic Funds Transfers (EFT) from this account type.

• Other Additional Information: Do your day to day banking with your IMB transaction account at Australia Post Offices where Bank@Post is available.

• Other Additional Information: IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.

• Other Additional Information: IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm

• Other Additional Information: As of 1 June 2021, IMB will not offer a cheque facility to customers that become Members on or after that date, or to existing Members who have not been issued a cheque facility before that date

• Other

• Digital Wallet Additional Information: Mobile payments are an easy and secure way to pay when you're on the go - using nothing but your phone or smartwatch. To get started, all you need to do is link your IMB Visa Debit Card with your preferred digital wallet.

• Digital Wallet Additional Information: Mobile payments are an easy and secure way to pay when you're on the go - using nothing but your phone or smartwatch. To get started, all you need to do is link your IMB Visa Debit Card with your preferred digital wallet.

• Digital Wallet Additional Information: Mobile payments are an easy and secure way to pay when you're on the go - using nothing but your phone or smartwatch. To get started, all you need to do is link your IMB Visa Debit Card with your preferred digital wallet.

• Digital Wallet Additional Information: Mobile payments are an easy and secure way to pay when you're on the go - using nothing but your phone or smartwatch. To get started, all you need to do is link your IMB Visa Debit Card with your preferred digital wallet.

• Digital Wallet Additional Information: Mobile payments are an easy and secure way to pay when you're on the go - using nothing but your phone or smartwatch. To get started, all you need to do is link your IMB Visa Debit Card with your preferred digital wallet.

• Extra Repayments Additional Information: Unrestricted additional repayments

 Product Eligibility

• Business

• Other Additional Information: Lending criteria, terms and conditions apply

 Bank Fees and Charges

• Monthly Account Keeping Fee (Periodic), Amount: 6.00.

• Special Clearance On Cheques (Event), Amount: 16.00. Additional Information: Maximum charge. Charges either wholly or partly imposed by third parties.

• Application Fee (Upfront), Amount: Not Listed.. Additional Information: Percentage of the facility limit

• Overdraft Line Fee (Periodic), Amount: Not Listed.. Additional Information: Percentage of the facility limit

• Other Fees And Charges Apply (Variable), Amount: 0.00. Additional Information: Lending criteria, terms and conditions, fees and charges apply to IMB commercial loan. A full list of fees and charges applicable to your loan will be provided on application.

• Monthly Account Keeping Fee (Periodic), Amount: Not Listed..

• Phone Banking - Operator Assisted – Purchase Financial Institution Cheque (Transaction), Amount: 6.00. Additional Information: Per cheque

• Phone Banking - Operator Assisted – Cheque Bill Payments (Transaction), Amount: 6.00. Additional Information: Per cheque

• Visa Debit Card - International Purchase (Transaction), Amount: 5.00. Additional Information: A transaction fee of the higher of $5 or 2.5% is charged for any international purchase made using a Visa Debit Card in: a) a currency other than $AUD (after conversion to $AUD); or b) $AUD (or any other currency) where either the merchant or the entity processing the transaction is located outside Australia. Note: it may not always be clear to you that the merchant or entity processing the transaction is located outside Australia.

• Visa Debit Card - Cash Advances (domestic & International) (Transaction), Amount: 5.00. Additional Information: A transaction fee of the higher of $5 or 2.5% is charged for any cash advance made using a Visa Debit Card in: a) a currency other than $AUD (after conversion to $AUD); or b) $AUD (or any other currency) where either the merchant or the entity processing the transaction is located outside Australia. Note: it may not always be clear to you that the merchant or entity processing the transaction is located outside Australia.

• Phone Banking - Operator Assisted - All Other Financial Transactions (Transaction), Amount: 0.50. Additional Information: Excludes phone enquiry, Cheque withdrawal/cheque bill payment.

• Visa Debit Card - Eftpos Transaction, Cash-out & Decline (Transaction), Amount: 0.50. Additional Information: Fee payable if the transaction is processed via EFTPOS at the merchant’s election, including contactless Visa debit card transactions.

• Cashcard - Eftpos Transaction, Cash-out & Decline (Transaction), Amount: 0.50.

• Imb Atm - Cheque Deposit (Transaction), Amount: 0.75. Additional Information: Fee applies to each account that a cheque is deposited into. If a cheque deposit is split across multiple accounts, the fee is applied to each account separately.

• Imb Atm - Atm Withdrawal (including Visa Debit Card) (Transaction), Amount: 0.50.

• Imb Atm - Balance Enquiry Or Failed Transaction (Transaction), Amount: 0.25.

• Imb Atm - Transfer To An Imb Account (Transaction), Amount: 0.25.

• Other Atm - International Atm (Transaction), Amount: 5.00. Additional Information: Direct charge as determined by ATM Operator may also apply

• Over The Counter - Cash Deposit (Transaction), Amount: 0.50.

• Over The Counter - Cheque Deposit (Transaction), Amount: 0.75. Additional Information: Fee applies to each account that a cheque is deposited into. If a cheque deposit is split across multiple accounts, the fee is applied to each account separately.

• Over The Counter - Branch Cash Withdrawal (Transaction), Amount: 1.00.

• Over The Counter - Transfer To An Imb Account (Transaction), Amount: 0.50.

• Over The Counter - Bpay (Transaction), Amount: 0.50.

• Over The Counter - Purchase Financial Institution Cheque (Transaction), Amount: 6.00. Additional Information: Per cheque

• Over The Counter - Cheque Bill Payments (Transaction), Amount: 6.00. Additional Information: Per cheque

• Over The Counter - Single Direct Credit To Another Financial Institution (Transaction), Amount: 0.50.

• Over The Counter - Scheduled Direct Credit To Another Financial Institution (Transaction), Amount: 0.50.

• Other Facilities - Direct Debit By Another Institution Or Entity (Transaction), Amount: 0.50.

• Other Facilities - Personal Cheque Withdrawal (Transaction), Amount: 1.00. Additional Information: Per cheque

• Other Facilities - Cheque Deposit (Transaction), Amount: 0.75. Additional Information: Fee applies to each account that a cheque is deposited into. If a cheque deposit is split across multiple accounts, the fee is applied to each account separately.

• Other Facilities - Scheduled Cheque Withdrawal (Transaction), Amount: 6.00. Additional Information: Per cheque

• Other Facilities - Scheduled Electronic Withdrawal (Transaction), Amount: 0.50.

• Australia Post - Bank@post Withdrawal Transaction (Transaction), Amount: 4.50. Additional Information: Service availablility is at the discretion of the Australia post outlet

• Australia Post - Bank@post Deposit, Enquiry & Failed Transactions (Transaction), Amount: 4.50. Additional Information: Service availablility is at the discretion of the Australia post outlet

• Australia Post - Deposit Card – Cash Or Cheque Deposit (Transaction), Amount: 2.90. Additional Information: Service availablility is at the discretion of the Australia post outlet

• Regular Payment Setup (Event), Amount: 5.00.

• Bpay Payment Return (Event), Amount: 5.00.

• Rejected Post-dated Bpay (Event), Amount: 5.00.

• Trace On Electronic Debit/credit (Event), Amount: 20.00.

• Default Notice Fee (Event), Amount: 30.00. Additional Information: A Default Notice fee of $30 will be debited from your deposit account or Personal Credit Line facility, where you are in breach of the PDS and/or the schedule and IMB issues a notice to you demanding monies. Refer to the PDS Member Guide to Transactional Banking for further information.

• Transfers Between Accounts To Cover Overdrawn Balance (Event), Amount: 15.00.

• Stop Payment Personal Cheque (Event), Amount: 15.00.

• Copy Of Personal Cheque (Event), Amount: 15.00.

• Trace On Personal Cheque (Event), Amount: 50.00. Additional Information: Charges either wholly or partly imposed by third parties.

• Personal Cheque Dishonour Fee (Event), Amount: 25.00.

• Card Replacement (in Excess Of 1 P.a.) (Event), Amount: 10.00.

• Pin Replacement (in Excess Of 1 P.a.) (Event), Amount: 5.00.

• Visa Cardholder Facility Fee (Periodic), Amount: 1.60. Additional Information: Fee will be charged on the first day of each month for each Visa Card on issue.

• Visa Voucher Request (Event), Amount: 15.00. Additional Information: Per request. Charges either wholly or partly imposed by third parties, such as Visa.

• Urgent Visa Card Mailing (Event), Amount: 20.00.

• Overseas Visa Card Replacement (Event), Amount: 150.00. Additional Information: Charges either wholly or partly imposed by third parties.

• Transaction Listing - Electronic - Up To 10 Pages (Event), Amount: 5.00.

• Transaction Listing - Electronic - 10 Pages And Over (Event), Amount: 0.50. Additional Information: Per page

• Transaction Listing - Electronic - 10 Pages And Over (Event), Amount: 0.50. Additional Information: Per page

• Copy Of Withdrawal Or Deposit Form (Event), Amount: 15.00.

• Recalculation Of Interest (Event), Amount: 30.00. Additional Information: Per page

• Research Fee (Event), Amount: 30.00. Additional Information: Per page

• Retrieval Of Archived Documents (Event), Amount: 20.00. Additional Information: Per page

• Audit Certificate (Event), Amount: 30.00. Additional Information: Per certificate

• Unclaimed Monies/dormant Account (Event), Amount: 40.00. Additional Information: Maximum charge per account

• Bulk Coin Count (Deposit), Amount: 5.00. Additional Information: Maximum charge

• Total Cash Withdrawal Over $2,000 In A Day (Withdrawal), Amount: 4.00. Additional Information: A fee of the higher of $4 or 0.2% of total cash withdrawals is charged for total cash withdrawals over $2000 in a day.

• Manual Deposit Other Institution (Deposit), Amount: 10.00.

• Cheque Deposit Dishonour Fee (Event), Amount: 10.50. Additional Information: Maximum charge. Charges either wholly or partly imposed by third parties.

• Trace On Financial Institution Cheque (Event), Amount: 50.00. Additional Information: Charges either wholly or partly imposed by third parties.

• Copy Of Financial Institution Cheque (Event), Amount: 16.00. Additional Information: Maximum charge. Charges either wholly or partly imposed by third parties.

• Stop Payment Fee (imb Cheques) (Event), Amount: 12.50. Additional Information: Maximum charge. Charges either wholly or partly imposed by third parties.

• Foreign Cheque Conversion (Deposit), Amount: 25.00. Additional Information: Minimum charge, subject to additional fees and charges. Funds subject to 6-8 weeks clearance. Charges either wholly or partly imposed by third parties.

• Bill For Collection (foreign Cheque With A Value Greater Than Aud$10,000) (Deposit), Amount: 50.00. Additional Information: Minimum charge, subject to additional fees and charges. Funds subject to 6-8 weeks clearance.

• Telegraphic Transfers (Withdrawal), Amount: 51.00. Additional Information: Maximum charge. Charges either wholly or partly imposed by third parties.

• Foreign Currency Drafts - Purchase (Withdrawal), Amount: 21.00. Additional Information: Maximum charge. Charges either wholly or partly imposed by third parties.

• Foreign Currency Drafts - Stop Payment (Event), Amount: 10.50. Additional Information: Maximum charge. Charges either wholly or partly imposed by third parties.

• Foreign Currency Drafts - Refund (Event), Amount: 10.00. Additional Information: Maximum charge. Charges either wholly or partly imposed by third parties.

• Foreign Currency Drafts - Dishonour (Event), Amount: 21.70. Additional Information: Maximum charge. Charges either wholly or partly imposed by third parties.

• Purchase Of Foreign Currency (Withdrawal), Amount: 10.00. Additional Information: $10 or 1% of the value of the total order (whichever is greater).

• Travel Money Transfer (Event), Amount: 10.00. Additional Information: Minimum charge is based on the value and location of Travel Money Transfer at the standard rate

• Sms Alerts (Event), Amount: 0.25. Additional Information: Per alert

• Interest Statement - Electronic (Event), Amount: 2.50. Additional Information: Per page

 Limitations & Restrictions (Constraints)

• Min Limit of 2000

• Max Limit of 500000 Additional Information: Higher amounts may be considered on individual basis