Features & benefits

  • Fee-free transactions

    • Unlimited CommBank electronic transactions 
    • 40 cheque, Quick Deposit and Assisted transactions per month included
  • Earn interest

    • Earn interest on balances over $5,000
    • Option to link to a Business Online Saver to earn higher interest on $10,000 or more
  • Low fees

    • $0 monthly fees for balances of $15,000 and above
    • Monthly fee of $15 if your balance falls below $15,000
  • Automatic bank feed

    Integrate your online accounting software, like Xero or MYOB, 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. Alternatively, you could also use QR Cardless.

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

  • Business insights tool

    Use free Daily IQ insights to see your sales, profitability, customer and cash flow trends.

Rates & fees

  • The $15 account fee includes:

    • 40 included cheque and staff-assisted transactions including quick deposits
    • Unlimited electronic transactions
    • Free withdrawals from any of our 4,000 ATMs across Australia

    If you keep a balance of $15,000 or more, we'll waive the $15 fee.

  • Transaction fees

    Once you've used up your 40 included transactions, you'll pay for the following:

    • Quick deposits $3.00
    • Cheque transactions $3.00
    • Staff-assisted transactions $3.00
    • Over-the-counter withdrawals $3.00
    • Cheques cashed or drawn in branch $3.00

    More on fees

  • Interest rates

    You'll earn interest on balances over $5,000.

    More on interest rates

Things you should know

  • 1 Excludes non-Commonwealth Bank ATMs and all ATMs overseas, EFTPOS transactions overseas, transfer group payments to third parties, international money transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks. Separate fees apply to transactions made using NetBank and CommBiz.

    QR Cardless is available from any CommBank ATM. Withdrawals are limited to a total of $500 per day. The latest version of the CommBank app, depositor identification, business account details and a deposit description is required. For information on the terms and conditions for QR Cardless deposits and withdrawals, including information on applicable cash deposit limits, please see the CommBank app terms and conditions which can be found in the CommBank app on your iOS or Android device.

    3 If you have 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. 

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

    * Excludes non-Commonwealth Bank ATMs and all ATMs overseas, EFTPOS transactions overseas, transfer group payments to third parties, international money transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks. Separate fees apply to transactions made using NetBank and CommBiz.

    Consider the Terms and Conditions for Business Transaction and Savings Accounts before making any decision about this product. This advice has been prepared without considering your objectives, financial situation or needs. Before acting on the advice, please consider its appropriateness to your circumstances.

    Commonwealth Bank of Australia issues all products on this page. View our Financial Services Guide.

    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.