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Everyday Settlement

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Unlike some other banks Commonwealth Bank provides same day settlement* on the credit and EFTPOS sales your business makes, every single day - 7 days a week, 365 days a year. Because you'll receive your merchant sales each day, you can:

Save money faster

Start earning interest on your sales revenue from the day your sales are made, even on your busiest days like weekends and public holidays.

Reduce reliance on short term loans to take care of business expenses, helping to cut down on your borrowings and reducing interest costs.

Simplify reconciliation

Keeping track of your transaction history is simple because payments will appear in your account on the

same day, rather than having to wait up until Tuesday morning to receive the funds from your weekend sales lumped together in a single day.

Save time and stress by knowing where you stand financially at any time and make informed decisions for your business.

Put your money to work faster

Access your money when you need it so you can pay staff over the weekend, order stock or pay bills.

Negotiate with suppliers for early payment discounts because with faster access to your revenue you'll be more likely to be able to pay on time.

To find out more talk to us today on 1800 730 554 1800 730 554 or email us here.

With our dedicated switching support team, switching is simpler than you think. We can help build the right solution to match your individual business needs. From ensuring you have the right accounts, setting up electronic banking to giving you information on things you may want to consider from an administrative perspective. We are happy to help you through the process.

  • To get in contact with our specialist switching support team or find out more about how to switch call 1800 730 554 1800 730 554
  • Read our 5 step checklist
  • Find out more about switching

Our flexible payment solutions make it easier for customers to pay you. We offer the convenience of 24 hour support and settle funds from card payments to your Commonwealth Bank business transaction account on the same day.

Integrate with your point-of-sale system

Integrate your EFTPOS terminal with your point-of-sale system to streamline payment processing and eliminate errors. More info

Accept payments in your shop

Offer your customers a convenient and simple way to make payments using all major debit and credit cards. More info

Accept payments on the move

Accept fast, secure card payments no matter where you are with our portable EFTPOS service. More info

Enhanced reporting with CommBiz

Commbiz provides detailed merchant reporting allowing you to access transaction information online anytime, anywhere, and export your transactions to a spreadsheet for your own analysis and reconciliation.

Coming soon

Everyday Settlement will be available for payments made over the phone and the internet by mid 2012. Find out more about these solutions.

Everyday Settlement Challenge   

Can another bank settle a business owner's revenue from a card sale before the customer, a Commonwealth Bank Business Banker, delivers his purchase to his Nan in the country...driving a lawnmower? Find out more in the Everyday Settlement Challenge.

Important information

*Available to customers with a Commonwealth Bank business transaction account and a linked Commonwealth Bank merchant facility. ‘Same day’ includes all card sales made up until 10pm (AEST). Third party products not included. Terms and Conditions available on request and should be considered before making any decision about these products. As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. If you have a complaint, the Bank's dispute resolution process can be accessed on 13 2221 13 2221.

MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated.

 

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© 2012 Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945