Retirement of Unsecured Overdrafts

We’ve made some changes to Overdrafts.

Unsecured Overdrafts

Unsecured Overdraft applications will no longer be received

Effective from 1 September 2026, all Unsecured Overdraft facilities will be retired, and Community First will no longer receive new applications for Unsecured Overdrafts. 

Current Unsecured Overdraft holders

If you currently have an Unsecured Overdraft facility attached to your eligible transaction account, you can continue to use the facility as normal. Your current facility is not impacted by this change.

Moving forward however, Community First will simply no longer accept any new applications for Unsecured Overdraft facilities or limit increases on existing Unsecured Overdraft facilities. 

What if I want to increase my limit?

If you would like to request to increase your limit, you may choose to apply for a Mortgage Secured Overdraft. Please note that credit eligibility criteria, terms and conditions, fees and charges apply. 

We’re here to help

If you have any questions or need help managing your account, were happy to help. Give us a call on 1300 13 22 77 or visit your nearest branch.