Features & benefits

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.

Real-time alerts

Opt in for customised alerts to tell you when your balance is low, high, or if you’ve received a payment.4 Instantly lock and block your card for extra control, using the CommBank app or NetBank.

Business insights

Access insights about your business in Daily IQ to help you optimise cash flow, enhance performance and grow customers.

Access from where you are

Access your Business Transaction Account in NetBank, ATMs and the CommBank app. Deposit money into your account using an Intelligent Deposit Machine.

$10 monthly account fee

Includes unlimited CommBank electronic transactions and up to 20 cheques, quick deposit or staff assisted transactions a month.2

Rates & fees

The $10 account fee includes:

  • Unlimited CommBank electronic transactions2
  • Unlimited CommBank ATM withdrawals in Australia
  • Up to 20 cheques, staff assisted or quick deposit transactions. Fees and charges will apply if you exceed this amount.

If you choose our Simple Merchant Plan, we’ll waive the $10 monthly account fee whilst you stay on your merchant plan.5

More rates and fees

Ready to apply?

Open online now

Apply online in three steps

You can open online if you:

  • Are a sole trader or a director of a private company (Pty Ltd)
  • Have another director and/or any shareholders who own 25% or more of your company’s shares directly or through other shareholdings6

Alternatively, you can apply at any branch

Step 1

Start your application

  •  Already bank with us? We'll pre-fill the info you've already told us so it's faster
  • New to CommBank? We’ll need a few details, including your name (as it appears on your ID documents), email and phone number

Step 2

ID and tax residency check

Verify your ID and tax residency details securely online. If you’re new to CommBank, have at least one form of ID handy:

  • Australian driver’s licence
  • Medicare card
  • Birth certificate
  • Passport

Business check

To get your account/s up and running, we need to verify your business details with ASIC. Our online check is quick and secure. Have your business details handy:

  • Valid ABN or ACN
  • Registered business name (if applicable) and address
  • Full name and email address of any directors and/or shareholders who own 25% or more of your company’s shares (directly or through other shareholdings)

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

View more

Things you should know

You can only open an account online if you’re a new or existing customer who is either a sole trader or a director of a private company (Pty Ltd) with up to 2 directors. Once we’ve identified you and checked your business details with ASIC successfully, you’ll see your account immediately in NetBank.

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.

3 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.

4 The 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 balance before entering into any transactions. Alerts may be suspended by the Bank at any time without notice.

5 Excess usage fees of 1.5% applies to any monthly card turnover over your included amount. Additional fees and charges may apply including $30 chargeback fee (per chargeback), $110 service cancellation fee and $950 terminal non-return fee. The full fee list will be sent to you once we’ve checked everything successfully.  As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Merchant Agreement, Financial Services Guide and Operator and User Guides at our Merchant Support Centre.

6 If you’ve got another director and/ or any shareholders who own 25% or more of your company’s shares directly or through other shareholdings, they will need to complete an online ID check as well. Your account will be created in NetBank and you’ll be able to put money into it but you won’t be able to withdraw or transfer out of it until we’ve confirmed the identity of the other directors and/or shareholders of your company. 

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. View Terms and Conditions for Business Transaction and Savings Accounts and our Financial Services Guide and consider them before making any decision about these products. Bank fees and charges may apply.

You can add your CommBank business credit cards and Visa Business Debit card to Apple Pay. Some CommBank cards are ineligible for Apple Pay including Mastercard Business Debit Card and Corporate card

Apple, the Apple logo, Apple Pay, Apple Watch, MacBook Pro, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries.