Features & benefits

Save on fees

No over-the-counter and electronic transactions fees1 so you can direct more funds to what matters most.

No monthly account fees

No monthly account fee means one less expense and more money raised going towards those you’re helping.

Bank how & when you want

Bank online using NetBank or the CommBank mobile app, over the phone or in branch. We also have deposit ATMs for cash, cheques and coins.

Sync with your accounting software

Integrate your online accounting software, like Xero, MYOB, QuickBooks or Wiise with your bank account to save time on admin and manual reconciliations.

Business Visa Debit Card

Access your money and pay for business expenses where Visa is accepted. Use Cardless Cash5  before your card arrives. Instantly lock and block your card for extra control, using the CommBank app or NetBank.

Add your card to your phone or wearable to use Apple PayGoogle PaySamsung Pay.

Rates & fees

Effective 1 November 2016

Monthly base maintenance fee
Fee-free transaction threshold
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
Commonwealth Bank ATM cash withdrawals in Australia
Quick Deposits
  • Quick deposit box
  • Quickcash envelopes
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)
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

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.