Business banking rates and fees
Our latest business banking rates and fees are displayed below, making it easy for you to compare products and help make the right financial choices.
Cash management
Business credit cards and Corporate cards
Business Transaction Account fees
Standard Business Cheque Account interest rates
Standard Business Cheque Account fees
Society Cheque Account
Business Online Saver interest rates
Business Online Saver fees
Merchant services
- Standard retail product fees
- Specialist retail product fees
- Mobile product fees
- Ecommerce product fees
Quarantined Cash management (no longer for sale)
Premium Business Account Interest Rates
Premium Business Account fees
Loans
Business loans on this page display reference rates only. Fees and charges apply which will be detailed in your Letter of Offer when taking out a loan. You can also talk to your Business Banker to find out more.
BetterBusiness Loan: Reference rates
Overdraft Reference Rates
Overdrawing Reference Rates
Quarantined Loans (no longer for sale)
Business Line of Credit/Agribusiness line of credits
SuperGear
Commonwealth Portfolio Loan
Investments
Agribusiness
Farm Management Account - at call
Farm Management Account - fixed term
International
Foreign exchange rates
Trade transaction rates & charges
Cash management
Business and Corporate cards*
(Effective Date 29 October 2019)
| Credit card | Interest rate | Annual fee |
|---|---|---|
| Corporate Charge Card | ||
| Cash advances** | 17.99% p.a. | 1-49 cards $40.00 per card 50-499 cards $32.00 per card 500+ cards $24.00 per card |
| Corporate Credit Card | ||
| Secured | ||
| Residential security | 5.50% p.a. | Annual fees for all corporate credit cards: 1-49 cards $40.00 per card 50-499 cards $32.00 per card 500+ cards $24.00 per card |
| Commercial security | 11.74% p.a. | |
| Unsecured | ||
| Low Rate |
14.55% p.a. | |
| Interest Free Days |
17.57% p.a. | |
| Business Liability Business Credit Card (no longer for sale) |
||
| Secured | ||
| Residential security | 5.50% p.a. | $40.00 per card |
| Commercial security | 11.74% p.a. | $40.00 per card |
| Unsecured | ||
| Low rate | 14.55% p.a. | $0 |
| Interest free days | 17.57% p.a. | $60 per card |
| Business Credit Card | ||
| Low rate | Purchase rate 14.55% p.a. Cash rate 14.55% p.a. |
$0 |
| Interest free days | Purchase rate 17.57% p.a. Cash rate 17.57% p.a. |
$60 per card |
| Business awards | Purchase rate 20.74% p.a. Cash rate 21.74% p.a. |
$100 |
| Business Gold awards1 | Purchase rate 20.74% p.a. Cash rate 21.74% p.a. |
$150 |
| Business Platinum awards | Purchase rate 20.74% p.a. Cash rate 21.74% p.a. |
$300 |
* The interest rates and fees quoted are effective as at 29 October 2019. The Bank reserves the right to change its interest rates and fees at any time. Applications are subject to normal credit approval. Full terms and conditions will be included in the loan offer. For details call us on 13 1998 - 24 hours a day, 365 days a year.
** Cash advances are charged from the date of transaction. Purchases are interest free for up to 31 days from the date of purchase. Corporate charge card facilities must be cleared in full monthly.
1 Business Gold Awards cards will no longer be available for sale from 23 March 2018.
Business Transaction Account fees
(Effective 1 November 2019)
| $0 Monthly Account Fee option | $10 Monthly Account Fee option | |
|---|---|---|
| Fee type | Fee | Fee |
Monthly Account Fee |
$0 |
$10 |
Included assisted transactions, cheques and Quick Deposits. |
0 included |
20 included |
Electronic transactions |
Free |
Free |
Commonwealth Bank ATM cash withdrawals in Australia |
Free |
Free |
Quick Deposits |
|
$3.00 each |
Cheque transactions |
$3.00 each |
$3.00 each |
Assisted transactions Withdrawals made over the counter at a CommBank branch, Australia Post office or private agency (including EFTPOB/ Bank@Post). Cheques drawn on your account and cashed over the- counter at any CommBank branch. Withdrawals or transfers made via telephone banking using an operator. |
$3.00 each |
$3.00 each |
Paper Statements Fee |
$2.50 |
$2.50 |
Ad Hoc Paper Statement Fee |
$2.50 |
$2.50 |
Non-chargeable transactions |
|
|
Overdrawing |
$15 |
$15 |
Excess Debit Interest on Overdrawn accounts |
11.31% p.a. |
11.31% p.a. |
Automatic Overdrawing Interest Rate |
17.94% p.a. |
17.94% p.a. |
Excess Drawing Rate on Overdraft facilities |
13.43% p.a. |
13.43% p.a. |
The Bank is progressively changing when fees are charged to this account. During the changeover period, fees will be charged either on the first business day of the month, or on the first calendar day of the month, depending on the account and if the account is transitioning on to the new banking platform. Where applicable, stamp duty and other Government charges will be debited directly from your account. For further information, please call Business Banking SME on 13 1998 - 24 hours a day, 7 days a week.
The Business Transaction Account does not have credit interest.
^Excludes non-Commonwealth Bank ATMs here and all ATMs overseas, EFTPOS transactions overseas, transfer group payments to third parties, international money transfers and separate services such as bank cheques, periodic payments and transfers/deposits to other banks. Separate fees apply to transactions made via NetBank/CommBiz. 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. Please refer to our Business Cheque and Savings Account Terms and Conditions for details on how transactions are ranked and ordered.
* At the end of each month, the Bank will rank the following transactions in the following order and transaction fees will apply to transactions above the 20 threshold:
1. Quick Deposits - cash and cheque deposits
2. Cheque transactions
3. Assisted transactions
Premium Business Account interest rates
(Effective Date 01 July 2019)
| Balance | Interest Rate (p.a.) |
|---|---|
| $5,000 or less | 0.00% |
| $5,001 to $19,999 | 0.01% |
| $20,000 to $49,999 | 0.01% |
| $50,000 to $99,999 | 0.01% |
| $100,000 to $249,999 | 0.01% |
| $250,000 to $499,999 | 0.01% |
| $500,000 and over | 0.01% |
Rate applies to the portion of the balance greater than $5,000, and is calculated daily and paid monthly.
(Effective 1 November 2019)
| Fee type | Fee |
|---|---|
| Monthly Account Fee | No fee if the balance remains at or above $15,000 during the month. $15 if the balance falls below $15,000 at any time during the month. |
| Included assisted transactions, cheques and Quick Deposits | 40 included |
| Electronic transactions Commonwealth Bank ATM deposits or transfers in Australia; EFTPOS cash withdrawals or purchases in Australia; Netbank Direct Entry debits or credits or periodical payments; transfers or payments made via NetBank, and telephone banking. |
Free |
| Commonwealth Bank ATM cash withdrawals in Australia | Free |
| Quick Deposits Deposits made via the Quick Deposit Box or QuickCash envelope banking. |
$3.00 each |
| Cheque transactions Cheques written by you and negotiated through the clearing system. Cheques deposited to your account (including cheques deposited via Quick Deposits or QuickCash envelope banking). |
$3.00 each |
Assisted transactions Withdrawals made over the counter at a CommBank branch, Australia Post office or private agency (including EFTPOB/ Bank@Post). Cheques drawn on your account and cashed over the- counter at any CommBank branch. Withdrawals or transfers made via telephone banking using an operator. |
$3.00 each |
| Paper Statements Fee Charged when you choose to receive paper statements more frequently that the standard cycle as set out in your terms and conditions. |
$2.50 |
| Ad Hoc Paper Statement Fee Charged when you order a statement or request a reprint of a past statement. |
$2.50 |
| Non-chargeable transactions (Transactions which do not attract transaction fees) Debits for Bank and Government charges Daily merchant reconciliation from Commonwealth Bank EFTPOS facility Bank initiated transactions |
|
| Overdrawing If we allow you to overdraw your account or exceed your agreed Overdraft limit, you may incur an Overdrawing Approval Fee. |
$15 |
Excess Debit Interest on Overdrawn accounts |
11.31% p.a. |
Automatic Overdrawing Interest Rate |
17.94% p.a. |
| Excess Drawing Rate on Overdraft facilities If we allow you to exceed your Overdraft limit, the Excess Drawing Rate will apply for each day your limit is exceeded. |
13.43% p.a. |
The Bank is progressively changing when fees are charged to this account. During the changeover period, fees will be charged either on the first business day of the month, or on the first calendar day of the month, depending on the account and if the account is transitioning on to the new banking platform. Where applicable, stamp duty and other Government charges will be debited directly to your account. For further information, please call Business Banking SME on 13 1998 - 24 hours a day, 7 days a week.
* At the end of each month, the Bank will rank the transactions in the following order and transaction fees will apply to transactions above the 40 threshold:
1. Quick Deposits - cash and cheque deposits
2. Cheque transactions
3. Assisted transactions
Standard Business Cheque Account interest rates
Relationship managed clients only
(Effective 1 November 2019)
| Product | Conditions | Interest rate (p.a.) |
|---|---|---|
| Standard Business Cheque Account | Less than $5,000 | 0.01% |
| $5,000 and over | 0.01% |
|
| Cheque Account Not Bearing Interest | There is a fee rebate of $1.50 for every $1,000 in the minimum monthly balance maintained in the account. | Nil |
The Bank is progressively changing when interest is paid to these accounts. During the changeover period, interest will be paid either half yearly on the first business day of the month, or monthly on the first calendar day of the month, depending on the account and if the account is transitioning on to the new banking platform.
Standard Business Cheque Account fees
Relationship managed clients only
(Effective 1 November 2019)
| Fee type | Fee |
|---|---|
| Monthly Account Fee | $5 |
| Included assisted transactions, cheques and Quick Deposits | N/A |
| Electronic transactions Commonwealth Bank ATM deposits or transfers in Australia; EFTPOS cash withdrawals or purchases in Australia; Netbank Direct Entry debits or credits or periodical payments; transfers via NetBank and telephone banking. |
Free |
| Commonwealth Bank ATM cash withdrawals in Australia | Free |
| Quick Deposits Deposits made via the Quick Deposit Box or QuickCash Envelope banking. |
$3.00 each |
| Cheque transactions Cheques written by you and negotiated through the clearing system. Cheques deposited to your account (including cheques deposited via Quick Deposits or QuickCash envelope banking). |
$3.00 each |
Assisted transactions Withdrawals made over the counter at a CommBank branch, Australia Post office or private agency (including EFTPOB/ Bank@Post). Cheques drawn on your account and cashed over the- counter at any CommBank branch. Withdrawals or transfers made via telephone banking using an operator. |
$3.00 each |
| Paper Statements Fee Charged when you choose to receive paper statements more frequently that the standard cycle as set out in your terms and conditions. |
$2.50 |
| Ad Hoc Paper Statement Fee Charged when you order a statement or request a reprint of a past statement. |
$2.50 |
| Non-chargeable transactions (Transactions which do not attract transaction fees.) QuickLine transactions Debits for Bank and Government charges Daily merchant reconciliation from Commonwealth Bank EFTPOS facility Bank initiated transactions |
|
| Overdrawing If we allow you to overdraw your account or exceed your agreed Overdraft limit, you may incur an Overdrawing Approval Fee. |
$15 |
Excess Debit Interest on Overdrawn accounts |
11.31% p.a. |
| Excess Drawing Rate on Overdraft facilities If we allow you to exceed your Overdraft limit, the Excess Drawing Rate will apply for each day your limit is exceeded. |
13.43% p.a. |
The Bank is progressively changing when fees are charged to this account. During the changeover period, fees will be charged either on the first business day of the month, or on the first calendar day of the month, depending on the account and if the account is transitioning on to the new banking platform. Where applicable, stamp duty and other Government charges will be debited directly to your account. For further information, please call Business Banking SME on 13 1998 - 24 hours a day, 7 days a week.
Business Online Saver interest rates
(Effective Date 23 July 2019)
| Balance | Interest rate (p.a.) |
|---|---|
| $0 to $9,999 | 0.00% |
| $10,000 or more | 0.10%* |
* Rate applies to the full balance of the account, provided the balance is $10,000 or more.
(Effective 1 August 2019)
| Fee type | Fee |
|---|---|
| Paper Statements Fee Charged on all paper statements issued on your account. |
$2.50 |
| Ad Hoc Paper Statement Fee Charged when you order a statement or request a reprint of a past statement. |
$2.50 |
Merchant services
Retail, mobile, specialist and ecommerce product fees
To obtain a quote for one of our merchant solutions, please contact our Direct Sales staff on 1800 730 554 - 8am to 6pm (Sydney time), Monday to Friday.
Loans
BetterBusiness Loan: Reference Rates
(As at 29 October 2019 unless otherwise noted)
| Loan type | Interest rate |
|---|---|
| Residential Equity Rate - Variable Rate, residential security# | 5.35% |
| Variable Base Rate – other than residential security# | 7.43% |
| Fixed Rate# | Speak to one of our Business Bankers |
#Rates are Reference Rates only. Interest Rate Margins will apply.
Establishment Fee, Loan Service Fee and other fees which apply will be detailed in your Letter of Offer.
(As at 29 October 2019 unless otherwise noted)
| Loan type | Interest rate |
|---|---|
| Business Overdraft – residential security# | 6.25% (RER + 0.90%) |
| Corporate Overdraft Reference Rate (CORR)# | 8.33% |
| Overdraft Index Rates (OIR)# | 8.93% |
| Excess Drawing Interest Rate# | 13.43% |
# Rates are Reference Rates only. Interest Rate Margins will apply. Monthly charging cycle.
(Top of page)
Overdrawing reference rates
(As at 29 October 2019)
| Loan type | Interest rate (p.a.) |
|---|---|
Automatic Overdrawing Interest rate^ Applies to Business Transaction Accounts and Premium Business Accounts only |
17.94% |
Excess Debit Interest rate* *Applies to the following eligible business accounts: Business Transaction Account, Society Cheque Account, Standard Business Cheque Account Bearing Interest, Standard Business Cheque Account Not Bearing Interest, Premium Business Account, BBSW 30 Day Rate Account, CommBank Community Account and Overdraft Cheque Account. |
11.31% |
^please refer to the Business Transaction & Savings Account terms and conditions for further information on this feature
#Rates are Reference Rates only. Interest Rate Margins may apply. Monthly charging cycle.
Quarantined Loans (no longer for sale)
Business Line of Credit/Agribusiness Line of Credit
(As at 29 October 2019 unless otherwise noted)
| Loan type | Interest rate |
|---|---|
| Business Line of Credit - residential security (linked to Residential Equity Rate)# | 4.85% (RER – 0.50%) |
Business Line of Credit - other than residential security# (Base Rate) |
7.43% |
| Business Line of Credit# | 7.13% |
#Rates are Reference Rates only. Interest Rate Margins will apply.
Establishment Fee, Line Fee and other fees which apply will be detailed in your Letter of Offer.
- For more information on your Business Line of Credit or Agribusiness Line of Credit product, please contact your relationship manager.
(Effective Date 12 October 2018)
Note: SuperGear reference rates are the same as the BetterBusiness Loan reference rates and can be found in the BetterBusiness Loan: Reference Rates table above.
(Effective Date 25 June 2019)
| Loan type | Interest rate |
|---|---|
| CommSec Variable Rate2 | 6.28% pa |
1Commonwealth Portfolio Loan is a product of the Commonwealth Bank of Australia administered by its wholly owned subsidiary Commonwealth Securities Limited ABN 60 067 254 399 (CommSec).
2 The CommSec Variable Rate is based on wholesale money market Interest rates plus a margin.
Agribusiness
Farm Management Deposit Account - at call
(Effective Date 19 August 2016)
| Balance | Interest rate (p.a.) |
|---|---|
| $0 - $999 | 0.00% |
| $1,000 - $29,999 | 0.30% |
| $30,000 - $99,999 | 0.80% |
| $100,000 - $800,000 | 1.25% |
Interest is paid on full balance provided balance is $1,000 or more is calculated daily and paid quarterly.
Farm Management Deposit Account - fixed term
(Effective 16 September 2019)
Interest rates for amounts of $1,000 and above
| Term | Six monthly interest | Annual interest |
|---|---|---|
| 3 months | 1.45% p.a. | N/A |
| 6 months | 1.55% p.a. | N/A |
| 9 months | 1.60% p.a. | N/A |
| 12 months | 1.50% p.a. | 1.55% p.a. |
| 13 - 17 months | 1.50% p.a. | 1.55% p.a. |
| 18 - 24 months | 1.50% p.a. | 1.55% p.a. |
Terms are available in whole months only
Interest is calculated daily and paid to you with the choice of the following frequencies:
- Six monthly - interest is paid every 6 months and at maturity (for terms of 3 or 6 months, interest is paid at maturity); or
- Annual - interest is paid every 12 months and at maturity (for terms of 12-24 months only)
If you want to withdraw your Fixed Term Farm Management Deposit before it matures you’ll need to give us 31 days’ notice. You may incur a prepayment adjustment and prepayment administration fee. For more information, please refer to the Farm Management Deposit Accounts Terms and Conditions.
- Things you should know
As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances.
All products mentioned on this web page are issued by the Commonwealth Bank of Australia, view our Financial Services Guide. View Product Disclosure Statements (PDSs) or Terms and Conditions for Business Transaction and Savings Account, Term Deposit, and Farm Management Deposit Account General Information and Terms & Conditions, and consider them before making any decision about these products.
Rates and fees are subject to change without notice. Different rates may apply for deposits lodged by financial institutions. Full terms and conditions are available on application. Bank and Government charges may apply.
