Benefits of Everyday Settlement

With Everyday Settlement, the EFTPOS and credit card sales your business makes are settled into your linked business transaction account on the same day*, every day – even on weekends and public holidays. 

Pay bills or pay staff over the weekend. And, with faster access to your money, you can pay suppliers on time so you can negotiate early payment discounts.

Move your money into a high-interest savings account straight away so you can start earning interest on your sales revenue from the day the sale is made.

Track your transaction history and manage cash flow more easily as sales will appear in your account on the day it was made.

women paying for merchandise in shop with an IOU

You may qualify for special rates on your merchant facility.

Three more reasons to choose CommBank merchant solutions

Select a device

Simple pricing

Our Simple Merchant Plans let you choose a terminal and a monthly pricing plan to suit your business.

  • Plans start from $60/month
  • No joining fee or lock-in plan
  • Get a free Business Transaction Account with the monthly account fee waived.
  • Choose from a range of EFTPOS solutions including fixed and mobile devices.
Choose your device and plan

Get paid anywhere with Leo, our compact smart-case device that turns an Apple iPhone 4 or iPhone 4S into a secure mobile terminal, so you can get paid on the spot, wherever you do business.

Learn more

Daily IQ is our new business insights toolkit. It leverages your transaction data to draw valuable insights on your business' performance and operations. It can help you:

  • Identify cash flow trends.
  • Review store performance.
  • See how your performance compares to your industry 
  • Discover more about your customers, including the percentage of new v repeat customers and how frequently they shop with you. 

It's available to select business customers for free in NetBank and at no extra charge in CommBiz.

Learn more

Things you should know

Everyday Settlement is available for eligible customers with a CommBank business transaction account and a linked CommBank merchant facility. ‘Same day’ includes eCommerce card sales before 5:30 pm and EFTPOS card sales before 10 pm, and Flex Pay card sales before 5pm (Sydney/Melbourne time).

Leo works on an iPhone 4 and iPhone 4S through a 3G connection. Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Merchant Agreement, Financial Services Guide and Operator and User Guides at our Merchant Support Centre. Terms and conditions issued by Commonwealth Bank of Australia ABN 48 123 123 124 for Business Transaction & Savings Accounts are available at or from any of our branches.