Tailored solutions for veterans

CommBank is proud to support veteran community owned businesses. We have a range of products, partnerships and business solutions to suit your needs. Our national network of specialised veteran business bankers are equipped with the knowledge to help you successfully transition from service into owning and growing your own business.

Veteran business owners sometimes transform their skills from Defence into business ideas. We can help you complement your state-of-the-art technical skills with advanced business skills. Our small business resources will help you get started or talk to one of our dedicated business bankers at veteranbusiness@cba.com.au

Imagery credit: Department of Defence. © Commonwealth of Australia.

  • Business Transaction Account

    An everyday business bank account that you can open online.1

    • $0 monthly account fee option2
    • Set up an automated bank feed with your accounting software, to help with bookkeeping
    • Alerts when you get paid or need to top up our account3

    Open business account

  • BetterBusiness Loan

    A simple loan to help you manage or grow your business.

    • For special pricing on the BetterBusiness Loan, contact veteranbusiness@cba.com.au
    • The flexibility to choose a fixed or variable interest rate, your loan term, repayment frequency and type (interest only, principal and interest, or both), and loan security type
    • Easily manage your loan – view your loan balance, transactions and access redraw via NetBank and CommBank app

    Explore BetterBusiness Loan

  • Car & equipment finance

    Finance options to meet your needs, with competitive equipment loan, hire purchase and finance lease solutions.

    • Be rewarded for a good payment history
    • $0 upfront deposit and no monthly fees
    • Receive prompt funding after you sign your agreement online.

    Explore asset finance

Need help finding the right solutions for your business?

Answer a few simple questions and we’ll show you products and services that could help with the needs of your business.

Help me find solutions Retrieve my summary

Supporting the veteran community

CommBank is honoured to have a meaningful connection with the veteran business community. Through our partnerships with the King’s Trust and Veteran Community Business Chamber we are providing resources to help veterans (and their families) transition to business ownership.

The winner of the Commonwealth Bank Business of the Year – The King’s Trust Beyond Service Awards demonstrates excellence and outstanding achievement in various aspects of business such as growth, leadership and community impact. 2023 winner – veteran owned business Australian Warfighter Coffee signifies a high level of success, outstanding collaboration and support within the veteran community.

Veteran Community Business Chamber

We're delivering business skills sessions through our sponsorship of the Veteran Community Business Chamber

King's Trust Enterprise Connect

We're honoured to sponsor the King’s Trust Australia Commonwealth Bank Beyond Service Award. 

Veterans news, insights and guidance

'A pipe dream turned reality': Veterans making moves in the business world

Matt Lewis is one of more than 30,000 veterans turning their learned experiences in the Australian Defence Force into business skills.

How to start a business

Starting a business can feel exciting and overwhelming. If you’re not sure how to begin, here are some actions you can take.

Tools & partners

Flying Solo

Receive 50% off a Flying Solo ‘Business Class’ membership for one year to help you attract more leads, grow your network and sharpen your business skills.

Flying Solo

StepPay

Automatically split purchases of $100 or more into four equal, fortnightly repayments.

StepPay

Daily IQ

A free business insights tool for eligible CommBank business customers.

Daily IQ

More Telecom

Get 20% off business nbn®, mobile and business phone systems. Offer expires 30 June 2025. Eligibility criteria and T&Cs apply4.

More

QuickBooks offer

This small business accounting software and app allows you to manage your business anywhere, anytime. As part of our partnership, receive 50% off a QuickBooks subscription for 6 months.

QuickBooks

Cyber Security Assessment Tool

Answer a series of questions about your organisation's practices and understandings around hardware, software, security measures and compliance obligations. A free, tailored report is generated with next-step actions provided in priority order.

Cyber Security Assessment Tool

Energy Flex – Get free personalised energy insights

Access free personalised insights that may help you reduce your energy bill and emissions with Veteran Owned EnergyFlex.

Expires 27 March 2025

More about EnergyFlex

Support & grants

Answer a few simple questions and we’ll help you find grants, rebates and support you may be eligible to claim. 

New Enterprise Incentive Scheme

Serving members of the Australian Defence Force (ADF), and eligible family members, with an identified transition date may be eligible to participate in New Business Assistance with NEIS.

Skilling Australia’s Defence Industry Grants Program

Businesses servicing the defence sector may be eligible for this grants program. The program provides for upskilling and training opportunities for eligible businesses and associations.

Four Steps to a Growth Mindset

Brought to you by Accenture, this bite-size lesson is perfect to snack on if you’re short on time.

Ready to start your business?

Please select ‘Veterans’ as your industry on the eform to be connected to a specialised business banker. Alternatively, email veteranbusiness@cba.com.au

Request a call back

Things you should know

  • As 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.  You can view the Terms and Conditions for Business Transaction and Savings AccountsTerms and Conditions for Asset Finance, our Financial Services Guide and the Electronic Banking Terms and Conditions and should consider them before making any decision about these products and services. Applications for credit cards and credits are subject to credit approval. Full terms and conditions will be included in our Letter of Offer. Bank fees and charges may apply. CommBank isn’t responsible for the quality, content, nature or reliability of any linked site. We’re providing these links as a convenience only and we’re not responsible for your use of any linked site.

    The target market for these products will be found within the product’s Target Market Determination, available here.

    1 You can only open an account online if you're a new or existing customer who is either a sole trader or director of a private company (Pty Ltd). You'll need to set up your business with us so we can verify your business details with ASIC. Once your beneficial owners and nominated directors have verified their ID (we'll email them instructions to do this online), you'll be able to open and start using your account. You'll be providing information to us on behalf of directors and owners in accordance with our Privacy Policy - make sure you've got their permission to do so before you start.

    May be suitable if you bank mostly online. Pay $5 per assisted transaction.

    3 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 available funds before entering into any transactions. Alerts may be suspended by the Bank at any time without notice.

    4 Offer of 20% off a More business nbn® plan, SIM-only mobile plan, mobile broadband plan and/or business phone plan for 12 months is for customers who sign up to either a 24-month contract or month-month contract option by 30 June 2025 and use a CommBank Debit or Credit card as their online bill payment method. Offer does not apply to other More services, including Business Ethernet, Enterprise Ethernet NBN or Business Fibre 1000. Offer cannot be used in conjunction with any other offers or discounts. 12 months is a promotional period commencing on the day your eligible service is activated. After 12 months, the cost of your plan will revert to the Recommended Retail Price (RRP) current at that time. You must continue to have your CommBank credit or debit card registered as the online bill payment method on your account. If you change your online bill payment method to a non-CommBank card, you will forfeit all discounts available with this offer. Access to the offer will be revoked with effect from the following month, with the cost of your plan reverting to the RRP current at that time. The RRP of More plans are subject to change in accordance with More’s terms of service. If you take up this offer on a month-to-month contract, you are free to cancel at any time without charges, but cancelling your service within the 12 month promotional period will forfeit any remaining months discounted at 20% off. Offer applies to monthly plan fees only and does not apply to any hardware charges not included in the plan, hardware installation charges, nbn® New Development Fee or New Copper Pair charges or any fees for services or usage outside of plan inclusions.

    If you take up a 24-month business nbn® plan or business phone plan, you will receive a modem and/or handset(s) (as applicable) at no additional cost. Supplied hardware is subject to change, see the More website for current information.  If you cancel your service before the end of your 24 month contract, you will incur an early termination fee. Please see your plan Critical Information Summary for early termination fee amount. If you sign up, More will be your service provider for your business nbn®, business mobile and/or business phone and will handle all technical enquiries, support, complaints and servicing. The provision of your service(s) will be subject to More’s standard terms of service and policies, which are available on the More Website. CommBank reserves the right to remove this offer at any time.

    CommBank has an ownership interest in More. More and CommBank have entered into a strategic alliance agreement. You should read More’s customer policies before making any decision about their service.

    By clicking on any links directing to the More website and commencing the sign-up process, More will collect and handle your personal information under its collection notices and privacy policy as outlined on its website.

    © Commonwealth of Australia. Photo credit: Australian Defence Force