Flexible Cash Flow on Tap
Business Overdraft Account
A simple solution to stay ahead of cash flow gaps. A business overdraft gives you access to extra funds directly from your business transaction account – so you can cover costs, pay wages, or respond to opportunities without the stress.
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Business Overdraft Account Benefits
At Lyft Money, we help Australian businesses set up overdraft facilities that act as a financial safety net. It’s a reliable way to manage unexpected dips in revenue or unplanned expenses, without applying for a new loan every time.
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Attached to your everyday business bank account
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Only pay interest on what you use
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Revolving facility – reuse funds once repaid
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Great for covering short-term working capital gaps
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Easy access to cash when you need it
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No need to redraw or reapply
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Helps avoid late payment fees and cash flow stress
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Can be unsecured or secured depending on the lender
Why Choose Lyft Money?
Access the right funding to grow, invest, and manage cash flow with confidence. Whether you’re expanding, purchasing equipment, or need working capital, Lyft Money provides tailored finance solutions to support your business.
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Finance for all business types
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Flexible loan options
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Fast approvals
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Competitive rates from 6.24%.
Our Services
Business Overdraft Account
What, When, Who?
What is a Business Overdraft Account?
A business overdraft is a revolving credit facility linked to your business bank account. It allows you to access extra funds when your balance goes below zero – giving you a flexible cushion to manage your everyday cash flow.
Think of it as your business’s safety buffer. No upfront drawdowns or applications – just funds when you need them.
When Should You Use a Business Overdraft?
A business overdraft is great for:
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Managing day-to-day cash flow fluctuations
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Dealing with delayed customer payments
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Paying urgent bills or wages during quiet periods
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Covering short-term shortfalls without drawing down a loan
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Preventing dishonours or overdraft fees from your bank
Who Is It Great For?
This solution works well for:
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SMEs that want fast, flexible access to funds
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Retailers, cafés, trades, and service-based businesses
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Seasonal businesses needing a buffer
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Business owners who want access to extra funds without reapplying
Our Services
Lyft Money Business Overdraft
Our Service
A business overdraft account is a smart tool to stay in control – giving you access to funds when your balance isn’t enough.
Contact Us
Ready to Get Started?
Apply in minutes – no upfront costs, no obligation, and no impact on your credit score. Just straight-up support, when you need it
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Frequently asked questions
Find answers to commonly asked questions. If you still need help, feel free to contact us by clicking the blue button below.
1. What is a business overdraft?
It’s a facility linked to your transaction account allowing you to go into negative up to a set limit, supporting short-term cash flow.
2. How does it differ from a line of credit?
They’re similar, but overdrafts are typically tied to your business account while lines of credit are standalone products.
3. Is it easy to set up?
Yes, once approved it’s linked directly to your account and funds can be accessed immediately.
4. Are there fees or interest on unused funds?
Generally no. Interest is charged only on the overdrawn amount, not the total facility.
5. Do I need a good credit history?
A fair credit history helps, but we’ll explore options even if your credit isn’t perfect.