If you'd like to organise some "emergency funds", or you're unable to take advantage of the interest free period on your credit card, a QPCU Overdraft may be just what you need.

The overdraft is a line of credit that is attached to your savings account and is only activated once your own funds are depleted. Each time you deposit money into your account the outstanding balance is reduced, minimising the interest charged.

Unlike a credit card, a QPCU Overdraft has:

• no application fees
• no annual fees and
• you only pay interest on the outstanding overdraft balance.

In fact, you can arrange to pay out your existing credit card by replacing it with an overdraft and using your QPCU Visa Debit Card as a credit facility.

Easy Access

Money available through your overdraft is accessible using any available withdrawal option including ATMs, EFTPOS, Chequing Facility and giroPOST.

Statement of Account

A statement of account will be forwarded to you at the end of each month. You can also order a statement though the Phone Banking 24 Hour Hotline on 131 468 or view your account using QPCU's Internet Banking.

Applying for your Overdraft

To apply for your overdraft quickly and easily, call 131 468 during business hours, choose 'Option 4' to speak to a Phone a Loan consultant. Otherwise, click here to go to QPCU's download page and download the application form, or call 131 468 and have an application form sent to you.