Why choose our Society Cheque Account?

No monthly account fee

Save on fees

CommBank over-the-counter and electronic transactions are free1 so you can direct more funds to what matters most.

Fee free electronic and over the counter transactions

No monthly account fees

No monthly account fee means one less expense and more money raised going towards those you’re helping.

Bank how and when you want

Bank how and when you want

Bank online using NetBank or the CommBank mobile app, over the phone or in branch. We also have deposit ATMs for cash, cheques and coins.

MYOB and Xero partnership

MYOB and Xero partnership

Make reconciliation simpler by integrating your online accounting service with your Society Cheque Account in just one click.

 

Business Visa Debit Card

Business Visa Debit Card

You can get one or multiple Business Visa debit card linked to your Society Cheque Account making it easier to track and record expenses.

Link it to earn interest

Link it to earn interest

Link to a Business Online Saver to earn an additional 0.2% on the standard variable interest rate on balances over $10,000 held in this savings account.

This account is designed for eligible organisations and associations. 

If your organisation is not eligible have a look at our other business accounts instead.

How do I apply?

  • Check you're an eligible organisation or association
  • Collect the right documents
  • Visit a branch with your documents so we can confirm your details to open an account.

Rates and fees

Monthly account fee

$0

CommBank electronic transactions

$0

CommBank over the counter withdrawals

$0

CommBank ATM cash withdrawals in Australia

$0

Non- CommBank ATM Cash withdrawals (Within Australia and overseas)

Fees will apply

Overseas transactions (including online)

Fees will apply

International Money Transfers

Fees will apply

Bank Cheques, Periodic payments, group transfers or deposits/transfers to other banks

Fees will apply

CommBiz and NetBank service fees

Fees will apply

Guidance for your society

We have local and sector bankers, transaction and investment specialists to help with your needs.

Tell me more

Tips for running a successful business hinges on taking control of your cash flow. Here we tell you how.

Keep reading

Learn how to secure your business as well as how to stay safe online.

Tell me more

Lock in a competitive interest rate and watch your savings grow.

Keep reading

Things you should know:

1 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.

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 ABN 48 123 123 124 issues all products on this webpage.