Features & benefits

Rates & fees

Effective 1 November 2016

Description
Amount
Monthly base maintenance fee
Nil
Fee-free transaction threshold
n/a
Electronic transactions
  • Commonwealth Bank ATM deposits or transfers in Australia
  • EFTPOS cash withdrawals or purchases in Australia
  • Direct Entry debits or credits or periodical payments
  • Transfers via NetBank and telephone banking
Nil
Commonwealth Bank ATM cash withdrawals in Australia
Nil
Quick Deposits
  • Quick deposit box
  • Quickcash envelopes
Nil
Cheque transactions
  • All cheques drawn by you and deposited to an account
  •  Any cheque deposited to your account (including cheques deposited via Quick Deposits or QuickCash Envelopes)
Nil
Assisted transactions
  • Deposits and withdrawals made via a teller at any branch
  • Deposits and withdrawals made at Australia Post offices or any private agency
  • Cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch
  • Withdrawals made via telephone banking using an operator
Nil

The Society Cheque Account doesn't have credit interest.

See our Business Transaction Account terms and conditions for details. 

How to apply

  • How do I apply?

    1. Check you're an eligible organisation or association. If you're not, see our other business accounts
    2. Get your documents ready
    3. Visit a branch with your documents so we can confirm your details to open an account

    Find your nearest branch

  • Documents you'll need

    Bringing the right documents to your local branch will help us get your application done as quickly as possible. Here are a few things to keep in mind:

    The identification documents will be used to:

    • Confirm details about your organisation 
    • Check the identification of anyone who will be a signatory on the account
    • Meet regulatory obligations

    Find out more

Things you should know

  • 1Excludes 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.

    2A beneficial owner owns 25% or more in company shares or is responsible for the strategic or financial decisions because of their position held. For example, a CEO.

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

    View Terms and Conditions for Business Transaction and Savings Accounts  (PDF 396kb) and our Financial Services Guide (PDF 59kb) and consider them before making any decision about these products. This advice has been prepared without considering your objectives, financial situation or needs. Before acting on the advice, please consider if it’s right for you. Bank fees and charges may apply.

    Commonwealth Bank of Australia ABN 48 123 123 124 issues all products on this webpage.