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Quickly compare accounts to meet your business banking needs.

MOST
POPULAR

Business Transaction Account

Premium Business Cheque Account

$10 monthly account fee

$15 monthly account fee
(no monthly fees if the balance stays at or above $10,000 during the month)

Interest
0.00% p.a.
(Pair it up with a Business Online Saver at no additional cost and earn competitive interest on balances of $10,000 or more)

Interest
$500,000 and over - 0.15% p.a.

$250,000 to $499,999 - 0.10% p.a.

$100,000 to $249,999 - 0.10% p.a.

$50,000 to $99,999 - 0.10% p.a.

$20,000 to $49,999 - 0.01% p.a.

$5,001 to $19,999 - 0.01% p.a.

$5,000 or less - 0.00% p.a.
(paid on the portion of balances above $5,001)

Sole traders and companies with up to 2 directors can open online in 10 minutes or less and use immediately.

or

Already a customer banking online with us?

Save time by using your NetBank details.

Open in NetBank

New customer or don't bank online with us?

Open now

or

If your business structure is more complex, fill in our Business Banking Application Form instead.


Apply now and we'll get in touch within 2 business days.

Canstar award for outstanding value

2014 CANSTAR award for outstanding value for High Transactors
(150+ transactions per month)

Our most popular business account for small business

Ideal for medium sized businesses that maintain a balance above $10,000

  • Separate your business finances from your personal
  • Sole traders and companies with up to 2 directors can save time by opening online in 10 minutes or less and start transacting right away
  • Link to a CommBank EFTPOS device as part of the Simple Merchant Plan and we'll waive the $10 monthly account fee.
  • An everyday account that lets you earn interest
  • No monthly account fee if the balance stays at or above $10,000
  • Earn interest on the portion of the balance above $5,001.

Minimum deposit
$0

Minimum deposit
$0

  • Unlimited CommBank electronic transactions*
  • 30 cheque, CommBank staff assisted and Quick Deposit transactions per month free of transaction fees*
  • Business Visa Debit Card
  • Add on a Business Online Saver at no additional cost to earn interest on your savings.

Full terms & conditions

  • Unlimited CommBank electronic transactions*
  • 40 cheque and CommBank staff assisted transactions per month free of transaction fees*
  • Business Visa Debit Card
  • Overdraft facilities for approved customers.

Full terms & conditions

Business Online Saver

Standard Term Deposit

No monthly account fee or fixed terms

No monthly account fee

Interest
0.70% p.a.
(if balance is above $10,000)

Competitive rates available

View our current rates

Apply now and we'll get in touch within two business days.


Apply now and we'll get in touch within two business days.

A popular savings option for small business

Earn competitive interest and grow your savings with the choice of terms and interest payment options that suit your business needs

  • Set aside money like GST for tax time
  • No fixed terms − access money when you need it
  • Competitive rate on balances above $10,000
  • Interest calculated daily and paid monthly.
  • Invest money at a fixed interest rate for future business upgrades
  • Choose when and how you want interest to be paid
  • Flexible term options between 1 month and 60 months
  • Low risk and suited for short or long term investments

Minimum deposit
$0

Minimum deposit
$5,000

  • Unlimited CommBank withdrawals
  • Competitive rate on balances above $10,000
  • Must be linked to a CommBank Business Transaction Account

Full terms & conditions

  • Competitive interest rates
  • Manage your maturity instructions via NetBank
  • Have interest paid directly to your Business Transaction Account

Full terms & conditions

A wide range of benefits

Everyday settlement

Everyday settlement

Get your card sales into your account the same day, every day^.

Take payments easier

Take payments easier

Link to CommBank EFTPOS devices and eCommerce solutions.

Faster banking

Faster banking

Powered by real-time banking technology, you can see transactions in NetBank instantly.

Bank when it's convenient for you

Bank when it's convenient for you

Withdraw and deposit anytime with the largest ATM and branch network.

BetterBusiness Insights Report

BetterBusiness Insights Report

Discover payment trends and market data you can act on.

Banking wherever you want

Banking wherever you want

We never stop innovating so you can manage your money easier − online, tablet or mobile.

24/7 Australian based support

24/7 Australian based support

We're here when you need us − even after your doors shut.

Frequently asked questions

We’ve made it quick and easy for you to apply for our Business Transaction Account. You can either:

1. Apply online if you’re a sole trader or a company with up to 2 directors. It's quick and secure. You won't need to send us any paperwork. We can check everything online in real-time, so we can save you time

2. Visit your nearest branch

3. Call 13 1998 to chat directly to one of our business banking specialists. If you’re a new customer, you’ll need identify yourself at your nearest branch. Don’t forget to take ID – Medicare card, driver’s licence, birth certificate or passport.

All you need is the following handy:

1. At least one ID – Medicare card, driver’s licence, passport or birth certificate (if you're a new CommBank customer)

2. Business details including ABN/ACN, registered office address

3. Full name and home address of any directors and shareholders.

Give yourself at least 10 minutes. We’ll first ask you a few questions about you and your business. If you’re a new customer, we’ll also set you up in NetBank. Then we’ll verify your ID and business details online.

Once we’ve checked your business details with ASIC successfully, you’ll see your account immediately in NetBank and can start using it.

Your Debit MasterCard will be mailed to you and your account information will be emailed to you. Use Cardless Cash** via the CommBank app to quickly access your money.

Things to know before you Can:

*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.

^Available on transactions made before 10.00pm (Sydney/Melbourne time) for eligible customers with a Commonwealth Bank Business Transaction Account and a linked Commonwealth Bank merchant facility.

**Limit of one, up to $200 without a card withdrawal per day. CommBank app, NetBank, NetCode and account access required. Full conditions on app.

View Terms and Conditions for Business Transaction and Savings Accounts (PDF 396kb), Term Deposits 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. Interest rates and fees are subject to change. Other fees and charges may apply.

MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated.

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