Overdraft Facility

Cuscal’s overdraft facility - available against an S1 account - provides you with the financial flexibility to ensure your customers' financial needs are consistently and efficiently met.

Cuscal’s long-term credit rating
(AA-) is the same as the four major banks, and our short-term rating is the highest possible for an Australian Financial institution (A1+). This means we can provide you with immediate access to reliable funding (through your overdraft facility) that will not only smooth turbulent liquidity levels, but will also contribute to your liquidity ratios.

Our overdraft facility offers you the following benefits:

• It regulates unpredictable cashflows by ensuring you have access to the funds you need to continue processing customer transactions – whatever your current liquidity situation.
• With effective cashflow management – you are able to avoid uneven and unpredictable liquidity levels that enable you to service your customers’ financial activities more effectively.

With our growing client base of credit unions, building societies and other smaller financial institutions, we understand, better than most, the importance of an overdraft facility that makes funds available when you need them.

With Cuscal’s overdraft facility, you can rest easy in the knowledge that your customers’ financial activity is covered.

See also Stand-by Facility.