Overdraft (RediCredit) Having an overdraft (RediCredit) means you’re ready to manage life’s little emergencies at any time. Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank Personal Loans Overdraft (RediCredit) 12.64%pa Interest rate $0 Application Fee $500 Minimum Amount Apply Be prepared for the unexpected RediCredit is an overdraft which is attached to your Everyday Direct account for whenever you need a little extra cash. Features and benefits Rates and fees Features and benefits No ongoing fees Links directly to your Everyday Direct account Instant access to your funds A variable interest rate Interest is only charged on the funds used - not the limit Convenient access to ATMs worldwide Up to $10,000 credit limit for individuals or up to $20,000 for joint accounts Up to $20,000 credit limit for Edvest members or $40,000 for joint Edvest members, provided both account holders are Edvest members No application fee Peace of mind that you are ready to manage life’s little emergencies at any time Temporary limit increase to cover you on holidays 24/7 access via internet banking 24/7 access via mobile app 24/7 access via phone banking View all loans Rates and fees Interest rates Interest rate 12.64%pa Interest rates effective date Interest rate effective 1 August 2008 Interest rates type Variable Other information Application Fee $0 Minimum Amount $500 Interest Rate Type Variable For full details of our fees, please review the Fees and Charges brochure. Download the Fees and Charges brochure [PDF] To become a member, you'll need: To be an Australian citizen or permanent resident 18 years old or over + Identification + Account details to purchase your share in the bank Apply Become a member *Important information Membership eligibility applies to join the Bank. All applications for credit are subject to our responsible lending criteria. Fees and charges apply. You can find our Consumer Lending terms and conditions online or from any of our offices. Back to top.