Help us improve our website by completing a quick survey. Start survey now

Why choose our Business Transaction Account?

Pages icon

Separate your business finances from your personal

With a full view of your accounts, you can make and take payments in NetBank (Australia’s #1 online bank). Easily manage your cash flow and stay on top of your business banking.

Briefcase icon

Run your business smoother

Powered by faster banking, you can see all your transactions instantly in NetBank. Plus, get extra essentials to keep your business up and running  (e.g. EFTPOS devices, savings accounts, loans or credit cards (subject to approval.))

Stopwatch icon

It’s so easy to get started

Whether you are in the office or on the go you can open an account online in less than 10 minutes and use it right away. Sole traders can open one even faster with just an ABN (new CommBank customers will also need ID to verify their identity). Plus you can use Cardless Cash** via the CommBank app.

What you get

ATM icon

Electronic transactions

Unlimited CommBank electronic transactions and CommBank ATM cash withdrawals free of transaction fees*.

Cash icon

No minimum balance

No need to keep a minimum balance so you can focus on your business, not your accounts.

People icon

Assisted transactions

30 cheque, CommBank staff assisted and Quick Deposit transactions per month free of transaction fees*.

Card icon

Business Debit MasterCard ®

Quickly access your money and pay for business expenses where MasterCard is accepted or use Cardless Cash** via the CommBank app before your Business Debit Master Card arrives.

Calendar icon

24/7 banking

Banking the way you want 24/7 via NetBank, CommBiz, CommBank app, ATM and phone banking services.

Percent icon

Earn competitive interest

Pair it up with a Business Online Saver at no additional cost and earn interest on balances of $10,000 or more.



It’s even quicker for sole traders to open an account

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

What you need to know

Rates & Fees

Fee type

Fee

Flat monthly account fee

$10

CommBank Electronic transactions 

Free

CommBank ATM cash withdrawals in Australia

Free

Quick Deposits^ - via the Quick Deposit Box or QuickCash Envelopes

20 cents each

Cheque transactions^ - excludes cheques cashed over-the- counter at CommBank branches

70 cents each

CommBank assisted transactions^

$1.10 each

^ Our CommBank Business Transaction Account gives you 30 cheque, Commbank staff assisted and Quick Deposit transactions per month free of transaction fees.

Frequently Asked Questions

How long does it take to complete the online application?
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.

What do I need to apply?

All you need is the following handy:

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

Business details including ABN/ACN, registered office address

Full name and home address of any directors and shareholders.

How can I access my money?

Once we’ve identified you and 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.

Are cheque books available with these accounts?

Yes. Cheque books are available at your nearest branch – remember to take ID.

Access to support and expertise when you need it

ATMs

Bank when it’s convenient for you

Withdraw and deposit anytime with the largest ATM and branch network. Plus, see your deposits straightaway with our Intelligent Deposit Machines.

Man on phone

24/7 Australian based support

We're here when you need us - even after your doors shut. When you call us, you'll always speak to a Business Banker, not a machine.

EFTPOS Machine

Take payments easier

Link your account to our EFTPOS devices as part of a Simple Merchant Plan and waive the $10 monthly account fee. Plus, get your card sales into your account the same day with Everyday Settlement.



Open your Business Transaction Account Today

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

Takes around 10 minutes

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.

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

^ Our CommBank Business Transaction Account gives you 30 cheque, Commbank staff assisted and Quick Deposit transactions per month free of transaction fees.

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 issues all products on this webpage. MasterCard and the MasterCard brand mark are registered trademarks of MasterCard® International Incorporated.


Loading…