Why choose our Business Transaction Account?

Fee-free transactions

Fee-free transactions

Unlimited CommBank electronic transactions as well as 20 cheque, Quick Deposit or staff assisted transactions per month fee-free.2

Business Visa Debit card

Business Visa Debit card

Access your money and pay for business expenses where Visa is accepted. We have Cardless Cash3 while you wait for your card to arrive. 

Real-time alerts

Real-time alerts

Opt in for free SMS alerts to tell you when your balance is low, high, or if you’ve just received a payment.4

24/7 banking

24/7 banking

Manage your banking in NetBank, Australia’s #1 online bank, or on the go with the Commbank mobile app.

Link to a Business Online Saver

Link to a Business Online Saver

Earn interest on balances over $10,000 and have easy access to your savings.

The $10 account fee includes:

  • Unlimited CommBank electronic transactions2
  • Unlimited CommBank ATM withdrawals in Australia
  • 20 cheque, staff assisted or Quick Deposit transactions.
See all rates and fees
  • Existing and new CommBank customers
  • You must be at least 18 years old
  • Your business must be registered in Australia with a valid Australian Business Number (ABN) or Australian Company Number (ACN).

It’s simple to apply

  • If 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)
  • Your ABN/ACN
  • Business/company 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.
  • 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 shareholdings.5

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

Or, you can call into any branch

Link your Business Transaction Account

Business Online Saver

Link your account to the Business Online Saver and earn interest on $10,000 or more in the account.

Simple Business Overdraft

Extra credit when you need it. Link it and we’ll waive your $10 Business Transaction account monthly account fee.

Simple Merchant Plan

Take EFTPOS payments in-store or on the go. We’ll waive the $10 monthly account fee when you link your Simple Merchant Plan to your Business Transaction Account.

Business credit card

Low rate, interest-free days, and awards credit cards ideal for businesses of all sizes. Link it for easy payment of your credit card balance.

Managing your business

Having a business account can help you manage your business finances better. 

Tell me more

Running a successful business hinges on taking control of your cash flow.

Tell me more

What you should consider when looking at EFTPOS for your business.

Tell me more

There are a few things you can look into to help you spot the right business opportunity.

Tell me more

Text APP to 0417 041 041 to get the link sent to your phone.

 

Things you should know

1 You can only open an account in 10 minutes or less if you’re a new customer or existing customer who is either a sole trader or a director of a private company (Pty Ltd). 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 Limit of one, up to $500 without a card withdrawal 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 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.

6 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 (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.