Applying for an overdraft
To be eligible for a Zempler overdraft you need to have had a Zempler account open for at least three months.
You can see how likely you are to be approved for an overdraft with our eligibility checker. Using the eligibility checker won’t impact your credit rating or score or guarantee you’ll be approved for an overdraft.
You must receive an overdraft offer to apply.
We’ll let you know once you’re eligible to apply by email, SMS, Online Banking message or in the app.
If you’ve opted out of receiving Zempler marketing communications, you won’t be sent any credit offers but you’ll still see the option to apply when you log in to the app or Online Banking.
To update your communication preferences, go to Settings > Manage notifications in the Zempler Bank app or Online Banking.
FAQs
You can only apply for an overdraft once you’ve received an offer via email, SMS, Online Banking message or in the app.
To apply, log in to the Zempler Bank app or Online Banking, go to ‘Add-ons’ in your Account Overview and follow the instructions.
You’ll need to read and accept your Credit Agreement and Terms.
Before you apply, you can work out how much it will cost using our overdraft calculator.
After you've successfully signed up, any annual fee will be deducted from your balance automatically (business overdrafts only, where applicable).
Your overdraft will normally be added onto your account within a few hours, but if we receive your completed application after 4pm on a Friday or over the weekend, it will be available from midday on the next business day.
Yes, you may be eligible for both an overdraft and Creditbuilder/Business Creditbuilder at the same time.