Features & benefits

  • Designed for organisations with significant procurement spend, a Procurement Management Account is assigned to an organisation or business unit rather than individual cardholders, allowing multiple authorised users to transact on the facility. Its features include:

    • Centralise and control procurement expenses
    • Enforce your corporate purchasing policy
    • Increase your buying power and negotiate better rates
    • Simplify reconciliation with electronic reporting tailored to your business systems
    • Pay no interest on purchases, with up to 31 days interest free – the outstanding balance of the facility is automatically debited each month from a nominated account
    • Channel all corporate procurement through a single business account, lodged with your preferred suppliers
    • Note that no physical card is issued on this account.
  • Simplify reconciliation

    • Detailed reporting makes it easy to analyse and forecast procurement expenses
    • Receive automated reports, customised for easy compatibility with your business systems
    • Receive access to Mastercard's® global system, with detailed tracking of individual cardholder activity 
  • Greater transparency for expense reporting

    • Request enhanced data on travel-related expenses from your preferred travel suppliers*
    • Travel data can include flight path, passenger name, class, care hire model/distance, tax applied and more 
  • Protection for your business

    • Complimentary transit accident insurance up to $250,000~
    • Unauthorised Use insurance up to $150,000 a year~
  • Expenses solutions

    Combine your Procurement Management Account with a Commonwealth Bank Corporate Charge Card, Corporate Credit Card, or Virtual Cards for Travel or Procurement.

Rates & Fees

Rates & fees
Establishment fee
Fee charged per facility. Payable on acceptance of the Bank’s offer and when the Bank approves a credit limit increase.
Annual Account fee
Applies per Procurement Management Account number.
Interest rate on cash advances
17.99% p.a.
Variable rate that applies to cash advances from the date of the transaction and outstanding balances. Interest charged monthly.
International Transaction fee
When you make a transaction that is converted by Mastercard from a foreign currency to Australian dollars. For cash advances, the Corporate Charge Card Cash Advance Rate will apply. The International Transaction fee also applies to purchases and cash advances in Australian dollars while the cardholder is overseas, or while they are in Australia (for example, online) where the merchant, or the financial institution or entity processing the transaction, is located overseas. For cash advances, the relevant cash advance charge will also apply. Please note additional fees may be charged by the overseas merchant.

Other standard fees and charges may apply. For full details, see the Corporate Cards fees and charges brochure (PDF).

Related products

  • Corporate charge card

    Ideal for large organisations with significant business, travel and procurement expenses.

    Learn more

  • Corporate credit cards

    Take control of employee purchases and travel expenses with these easy-to-use cards.

    Learn more

  • Virtual Cards

    Single-purpose card numbers that provide additional security for travel or procurement spend.

    Learn more

Things you should know

  • Mastercard receives enhanced data from selected travel-related merchants. Clients must have an agreement with a preferred travel supplier and authorize them to pass the enhanced data to Mastercard®.

    Applications for finance are subject to the Bank’s normal credit approval. Full terms and conditions are included in our Current Terms and Conditions for Business Finance, as well as any other terms set out in our Letter of Offer. Bank fees and charges may apply. 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 webpage. View our Financial Services Guide (PDF 59kb) View Terms and Conditions for Electronic Banking (PDF 135kb)NetBank and CommBiz (PDF 325kb) and consider them before making any decision about these products. 

    View our Certificate of Transit Accident Insurance (PDF) here and Certificate of Unauthorised Transactions Insurance here.