What you need to get started today

Business Transaction Account - $0 Monthly Account Fee option

  • An everyday business bank account that you can open online2 and provides unlimited electronic transactions3
  • Opt in for real-time alerts
  • Sync with your accounting software
  • Add your card to your phone or wearable to use Apple PayGoogle PaySamsung Pay

Go to Business Transaction Account

EFTPOS machines - $0 rental fee for 6 months4

  • Only pay for what you use with a $0 Merchant Terminal rental fee across Essential Lite and Essential Plus4
  • Access all major cards, including American Express and JCB, Mastercard, Visa and UnionPay
  • Integrate your Essential Plus terminal to your point of sale system

Go to EFTPOS machines

Stay in control with same day settlement smart alerts

Set up alerts

Set up alerts to be notified instantly when your business gets paid so you can stay on top of your cash flow.

How to set up your same day settlement alert

More smart alerts for your business

What's new for business customers

Small business hub

Starting, running or growing? Find practical guides, resources and support for whatever stage your business is at. 

See more


Same-day business lending decisions for existing CommBank customers6 

Fast access to funds and less paperwork. 

See more

Food delivery van on coastal highway

Dedicated business bankers to keep you moving

Support when you need it.

See more

Things you should know

1 Available to eligible customers with a Commonwealth Bank business transaction account and a linked Commonwealth Bank eligible merchant facility. ‘Same Day Settlement’ includes all card sales made before 10pm (AEST). Everyday Settlement applies to EFTPOS payments, which are treated as normal credit/debit transactions (for Commonwealth Bank account holders).

2 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.

3 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.

4 The $0 terminal rental fee is available to eligible customers, who apply for and open a new merchant terminal from 17 February 2020 and settle to a CommBank Business Transaction Account on eligible pricing plans. Offer valid until 31 December 2020 and subject to change. The $0 terminal rental fee offer, means customers have their terminal rental fees waived for the first 6 months for upto a maximum of 3 terminals, available on Essential Lite and Essential Plus. The offer is only available at the initial application and cannot be extended to additional terminals after the application has been processed. For more information on our range of EFTPOS products and pricing plans, please visit commbank.com.au/merchantterminal.

5 Currently BizExpress is available for unsecured loans up to $250k and $1m secured by residential property. The loan must be wholly and predominantly for business purposes.

6 These products are only available to approved business customers and for business purposes only. Applications for finance are subject to the Bank’s eligibility and suitability criteria and normal credit approval processes. View our Current Terms and Conditions for Business Finance and consider them before making any decision about these products.

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

MasterCard and the MasterCard brand mark are registered trademarks of MasterCard International Incorporated. American Express is a trademark of American Express. Visa is registered Trademark of Visa in the United States. JCB is a registered trademark of JCB International. Union Pay is a registered trademark of UnionPay International Co., Ltd.

Apple, the Apple logo, Apple Pay, Apple Watch, MacBook Pro, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Google Pay, the Google Pay Logo, Google Play and the Google Play logo are trademarks of Google Inc. Samsung, Samsung Pay, the Samsung Logo are trademarks of Samsung Inc.

This information has been prepared without taking into account your individual or business needs and objectives. You can view the Terms and Conditions for Business Transaction and Savings Accounts, our Financial Services Guide, the Electronic Banking Terms and ConditionsMerchant Agreement and Operator and User Guides at our Merchant Support Centre. You should consider them before making any decision about these products and services. Bank fees and charges may apply. 

© 2020 Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945