Your monthly account fee options

Both options include: 

  • Unlimited electronic transactions
  • Free withdrawals at any of our ATMs
  • CommBank Invoicing available for eligible9 accounts 
  • May be eligible to buy now, pay later with StepPay10
  • Here's more on our rates and fees.
You can switch between both options in NetBank and the CommBank app at any time. 

Here’s how to switch

$0 monthly account fee option

  • May be suitable if you bank mostly online
  • Pay $3.00 per assisted transaction

$10 monthly account fee option

  • May be suitable if you bank mostly in branch, at a post office or agency
  • Includes 20 assisted transactions per month
  • Pay $3.00 per assisted transaction after you've used the 20 included 

Your day-to-day business banking made easier

Fees & rates

(Effective 5 August 2022)

Fee type
Fee for $0 Monthly Account Fee option
Fee for $10 Monthly Account Fee option
Monthly Account Fee
Included assisted transactions, cheques and Quick Deposits.
0 included
20 included
Electronic transactions2
Commonwealth Bank ATM deposits or transfers in Australia; EFTPOS cash withdrawals or purchases in Australia; Direct Entry debit or credit or periodical payment; transfers or payments made via NetBank and telephone banking.
Commonwealth Bank ATM cash withdrawals in Australia
Quick Deposits11
Deposits made via the Quick Deposit Box or QuickCash envelope banking.
$3.00 each
$3.00 each
Cheque transactions11
Cheques written by you and negotiated through the clearing system. Cheques deposited to your account (including cheques deposited via Quick Deposits or QuickCash envelope banking).
$3.00 each
$3.00 each
Assisted transactions11
Deposits made over the counter at a CommBank branch, Australia Post office or private agency (including EFTPOB/ Bank@Post). Withdrawals made over the counter at a CommBank branch, Australia Post office or private agency (including EFTPOB/ Bank@Post). Cheques drawn on your account and cashed over the- counter at any CommBank branch. Withdrawals or transfers made via telephone banking using an operator.
$3.00 each
$3.00 each
The Business Transaction Account does not have credit interest.
See all rates and fees

Open online

  • Who can open an account online

    You can open an account online if you’re:

    • A sole trader
    • An Australian private company (Pty Ltd)
    • A self-managed super fund (SMSF)

    Your account will be set up as any-to-sign, which means any director you choose will be able to operate it. You can change this in branch. 

    Open online

  • What you'll need if your business is new to CommBank 

    • Australian Business Number (ABN). Not sure? Look up your ABN
    • Australian Company Number (ACN), if you have one. Your ACN must be linked to an ABN, or you'll need to visit a branch to apply
    • Registered business name
    • Full names, email addresses and mobile numbers for directors and beneficial owners6
    • Foreign entities can obtain more information on the requirements by visiting a branch or calling 13 19 98.
  • If you're new to CommBank you'll also need ID

    Have at least one of these handy:

    • Australian drivers licence
    • Birth certificate
    • Passport

When to open in branch

  • Who needs to open in branch?

    If your company is new to CommBank and not registered as a sole trader, Australian private company (Pty Ltd) or a self-managed super fund, you'll need to open your account in branch. 

    If you want to authorise others to operate your account, you'll also need to go to branch. 

  • What to bring

    Check to see which documents you'll need to bring with you first. 

    We'll also ask you to show us some ID, make sure you have your Driver's licence, Medicare card or Passport too. 

    Find a branch

Not-for-profit or community organisation?  Set up a Society Cheque Account.

View more

Things you should know

  • This information has been prepared without taking into account your individual or business needs and objectives. You can view the Terms and Conditions for Business Transaction and Savings Accounts, our Financial Services Guide and the Electronic Banking Terms and Conditions and should consider them before making any decision about these products and services. Bank fees and charges may apply. 

    1 You can only open an account online if you're a new or existing customer who is either a sole trader or director of a private company (Pty Ltd). You'll need to set up your business with us so we can verify your business details with ASIC. Once your beneficial owners and nominated directors have verified their ID (we'll email them instructions to do this online), you'll be able to open and start using your account. You'll be providing information to us on behalf of directors and owners in accordance with our Privacy Policy - make sure you've got their permission to do so before you start.

    2 Excludes non-Commonwealth Bank ATMs here and all ATMs overseas, EFTPOS transactions overseas, transfer group payments to third parties, international money transfers, CommBiz and NetBank service fees and separate services such as bank cheques, periodic payments and transfers/deposits to other banks. Wholesale relationship managed customers may be notified at any time that their account is subject to transaction fees on electronic transactions and Commonwealth ATM cash withdrawals.

    3The Bank does not charge for the alerts service, but you may incur message and data charges from your telecommunications service provider. Alerts are sent in real-time 24/7. Delivery of alerts may be delayed for various reasons, including service outages affecting your phone, wireless or internet provider; technology failures; and system capacity limitations. Please check your available funds before entering into any transactions. Alerts may be suspended by the Bank at any time without notice.

    From time to time the Bank may allow some transactions or payments to go through by making funds temporarily available for eligible customers. By utilising the overdraw feature, you may incur an Overdraw Fee of $15 per account, per day an overdrawing transaction or payment occurs. For each day your account remains overdrawn, Excess Debit Interest will be applied. For more information, please view What happens when you overdraw your business account?

    The overdraw feature is offered at the Bank’s discretion. The account may also become overdrawn if a merchant completes an offline or unauthorised payment.

    5 Cardless cash is available from any CommBank ATM. Withdrawals are limited to a total of $500 per day. CommBank app, NetBank, NetCode and account access required. Full conditions on app.

    6 If you’ve got other directors and/ or any beneficial owners, they will need to verify their ID online. A beneficial owner is an individual who owns 25% of the company; but if no-one does, controls 25% of the company; but if no-one does, exercises control by way of making key financial or operational decisions, like a CEO. We'll get you to confirm their details so we can email them instructions to do this. Once they've completed this, you'll be able to open and start using your account.

    7 Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions are included in our Letter of Offer. Bank fees and charges may apply. This advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances. Applications are subject to the Bank's normal credit approval. Fees and charges are payable. 

    8 The $0 terminal rental fee is available to eligible customers who apply for and open a new merchant terminal, and settle to a CommBank Business Transaction Account on eligible pricing plans. Offer valid until 31 December 2022 and subject to change. The $0 terminal rental fee offer means customers have their terminal rental fees waived for the first 6 months for up to a maximum of 3 terminals, available on Smart, Essential Lite and Essential Plus. The offer is only available at the initial application and can’t be extended to additional terminals after the application has been processed. Offer is not available for group deals (including Alliance Partners). For more information on our range of EFTPOS products and pricing plans, visit

    9 To use CommBank Invoicing you need to be: 

    • 18 or over with a CommBank Business Transaction Account and a NetBank client number
    • An Authorised Operator on the CommBank Business Transaction Account, with method of operation set as one to sign
    • Registered for NetCode
    • A sole trader or a director of a private company (Pty Ltd) - only you will be authorised to use CommBank Invoicing

    10 StepPay is available to CommBank customers who meet our eligibility criteria and satisfy credit assessments, see Terms and Conditions (PDF).

    11 At the end of each month, the Bank will rank the following transactions in the following order and transaction fees will apply to transactions above the 20 threshold:

    1. Quick Deposits - cash and cheque deposits
    2. Cheque transactions
    3. Assisted transactions

    The target market for these products will be found within the product’s Target Market Determination, available here.

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    Daily IQ is a separate insights tools for general informational purposes only. Daily IQ draws information from different data points and sources, and as such results and insights may vary between the tools. Insights may not necessarily have regard to your business, financial situation or needs. You should, before acting on insights provided by Daily IQ , consider their appropriateness to your circumstances. Visit Daily IQ for more information.