Features & benefits

Fee-free transactions

  • Unlimited CommBank electronic transactions 
  • 40 fee-free1 cheque, Quick Deposit or staff-assisted transactions a month

Competitive 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 banking software, like Xero or MYOB, with your bank account to save time on admin and manual reconciliations.

Business Visa Debit card

  • Access money and pay for business expenses anywhere Visa is accepted
  • Use Cardless Cash2 even while you're waiting for your card to arrive

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:

  • Unlimited CommBank electronic transactions1
  • Unlimited CommBank ATM withdrawals in Australia
  • 40 cheques and staff-assisted or Quick Deposit transactions

We'll waive the $15 monthly account fee when you keep a minimum credit balance of $15,000 or more.

More rates & fees

How to apply

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 shareholdings3

You’ll need:

  • Your valid Australian Business Number (ABN) or Australian Company Number (ACN)
  • Business 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)
  • If you're new to CommBank, your Tax File Number (TFN) and at least one form of ID (driver’s licence, passport, Medicare card, Australian passport or birth certificate)

Alternatively, you can apply at any branch.

Apply online

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.

Limit of one, up to $500 without a card withdrawal per day. CommBank app, NetBank, NetCode and account access required. Full conditions on app.

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. 

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.