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
Premium Business Cheque Account Interest Rates
Premium Business Cheque Account fees
Standard Business Cheque Account interest rates
Standard Business Cheque Account fees
Business Online Saver interest rates
Merchant services
- Standard retail product fees
- Specialist retail product fees
- Mobile product fees
- Ecommerce product fees
Loans
BetterBusiness Loan - secured by residential property
BetterBusiness Loan - where security is other than residential
BetterBusiness Loan - fixed rate - residentially secured - linked to fixed rate home loan
Business line of credit/Agribusiness line of credits
Commonwealth Portfolio Loan
Corporate overdraft reference rates
Overdraft index rates
Excess drawing interest rates
Investments
Agribusiness
Farm Management Account - at call
Farm Management Account - fixed term
International
Cash management
Business and Corporate cards*
(Effective Date 19 August 2016)
| 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 | 5.88% 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 | 12.12% 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 | 5.88% p.a. | $40.00 per card |
| Commercial security | 12.12% 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 awards | 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 19 August 2016. 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.
Business Transaction Account fees
(Effective 1st April 2014)
| Fee type | Fee |
|---|---|
| Monthly base maintenance fee | $10 |
| Fee-free transaction threshold | Unlimited electronic transactions and Commonwealth Bank ATM cash withdrawals^; 30 cheque and staff-assisted transactions, including Quick Deposits* |
| Electronic transactions Commonwealth Bank ATM deposits or transfers in Australia; EFTPOS cash withdrawals or purchases in Australia; Direct Entry debit or credit or periodical payment; 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 Envelopes. |
20 cents each |
| Cheque transactions All cheques drawn by you and deposited to an account (excluding cheques cashed over-the-counter at a Commonwealth Bank branch). Any cheque deposited to your account (including cheques deposited via Quick Deposits or QuickCash Envelopes). |
70 cents each |
| Assisted transactions Deposits and withdrawals made via a teller at any branch; deposits and withdrawals made at Australia Post Offices or any private agency; cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch; withdrawals made via telephone banking using an operator. |
$1.10 each |
| 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 |
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 30 threshold:
1. Quick Deposit Box deposits; cheques included
2. Cheque transactions
3. Assisted transactions
Premium Business Cheque Account interest rates
(Effective Date 19 August 2016)
| 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 | 0.10% |
| $100,000 to $249,999 | 0.10% |
| $250,000 to $499,999 | 0.10% |
| $500,000 and over | 0.15% |
Rate applies to the portion of the balance greater than $5,000, and is calculated daily and paid monthly.
Premium Business Cheque Account fees
(Effective 1st April 2014)
| Fee type | Fee |
|---|---|
| Monthly base maintenance fee | No fee if the balance remains at or above $10,000 during the month. $15 if the balance falls below $10,000 at any time during the month. |
| Fee-free transaction threshold | Up to 40 free non-electronic transactions* |
| Electronic transactions Commonwealth Bank ATM deposits or transfers in Australia; EFTPOS cash withdrawals or purchases in Australia; 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 Envelopes. |
20 cents each |
| Cheque transactions All cheques drawn by you and deposited to an account (excluding cheques cashed over-the-counter at a Commonwealth Bank branch). Any cheque deposited to your account (including cheques deposited via Quick Deposits or QuickCash Envelopes). |
70 cents each |
| Assisted transactions Deposits and withdrawals made via a teller at any branch; deposits and withdrawals made at Australia Post offices or any private agency; cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch; withdrawals made via telephone banking using an operator. |
$1.10 each |
| 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 |
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 Deposit Box deposits; cheques included in Quick Deposits
2. Cheque transactions
3. Assisted transactions
Standard Business Cheque Account interest rates
Relationship managed clients only
(Effective 5th December 2008)
| Product | Conditions | Interest rate (p.a.) |
|---|---|---|
| Standard Business Cheque Account | Less than $5,000 | 0.01% |
| $5,000 and over | 0.05% |
|
| 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 1st April 2014)
| Fee type | Fee |
|---|---|
| Monthly base maintenance fee | $5 |
| Fee-free transaction threshold | N/A |
| Electronic transactions Commonwealth Bank ATM deposits or transfers in Australia; EFTPOS cash withdrawals or purchases in Australia; Direct Entry debits or credits or periodical payments; transfers via NetBank and telephone banking. |
20 cents |
| Commonwealth Bank ATM cash withdrawals in Australia | 55 cents each |
| Quick Deposits Deposits made via the Quick Deposit Box or QuickCash Envelopes. |
20 cents each |
| Cheque transactions All cheques drawn by you and deposited to an account (excluding cheques cashed over-the-counter at a Commonwealth Bank branch). Any cheque deposited to your account (including cheques deposited via Quick Deposits or QuickCash Envelopes). |
70 cents each |
| Assisted transactions Deposits and withdrawals made via a teller at any branch; deposits and withdrawals made at Australia Post offices or any private agency; cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch; withdrawals made via telephone banking using an operator. |
$1.10 cents each |
| 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 |
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 19 August 2016)
| Balance | Interest rate (p.a.) |
|---|---|
| $0 to $9,999 | 0.00% |
| $10,000 or more | 0.70%* |
* Rate applies to the full balance of the account, provided the balance is $10,000 or more.
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 - Secured by Residential Property
(Effective Date 19 August 2016)
| Loan type | Interest rate |
|---|---|
| BetterBusiness Loan - fixed rate | Refer below |
| Residential equity rate** | 5.73% |
| Overdraft* | 6.63% |
* Margin may apply unless secured by residential property
** Must be secured by residential property.
BetterBusiness Loan - where security is other than residential
(Effective Date 19 August 2016)
| Loan type | Interest rate |
|---|---|
| Variable rate# | 7.81% |
# Customer interest margin may apply.
BetterBusiness Loan - Fixed Rate - Residentially Secured
Benchmark rates* principal reducing interest rates (monthly charging cycle).
** Effective Date 9 March 2015 **
| Loan term | Interest rate |
|---|---|
| 1 year | 5.49% |
| 2 years | 5.49% |
| 3 years | 5.49% |
| 4 years | 5.69% |
| 5 years | 5.79% |
* Must be secured by residential property.
Interest-only or principal and interest repayments are available.
Business line of credit/Agribusiness Line of Credit
(Effective Date 19 August 2016)
| Loan type | Interest rate |
|---|---|
| Business line of credit - residential security (Linked to Residential Equity Rate)# | 5.23% |
| Business line of credit - other security# | 7.81% |
| Business line of credit - rate linked to market rates*, # | 7.51% |
*This rate is reset every 90 days (in February, May, August and November).
#Customer interest margin may apply.
(Effective Date 19 August 2016)
| CommSec Variable Rate2 | 5.63% |
1 Commonwealth 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.
Corporate overdraft reference rates
(Effective Date 19 August 2016)
| Monthly charging cycle# | 8.71% |
# Customer interest margin may apply.
(Effective Date 19 August 2016)
| Monthly charging cycle# | 9.31% |
# Customer interest margin may apply.
(Effective Date 19 August 2016)
| Monthly charging cycle | 13.81% |
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 24 July 2015)
Interest rates for amounts of $5,000 to less than $100,000
| Term | Six monthly interest | Annual interest |
|---|---|---|
| 3 months | 2.65% p.a. | N/A |
| 6 months | 2.70% p.a. | N/A |
| 9 months | 2.70% p.a. | N/A |
| 12 months | 2.75% p.a. | 2.80% p.a. |
| 13 - 17 months | 2.80% p.a. | 2.85% p.a. |
| 18 - 24 months | 2.85% p.a. | 2.90% 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)
Interest rates for amounts of $100,000 to $800,000 are available on request. Please visit any Commonwealth Bank branch or call your Relationship Manager to obtain current rates. Interest rates are subject to change at the Bank's discretion.
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.
- Important information about advice
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 (PDF 59kb). View Product Disclosure Statements (PDSs) or Terms and Conditions for Business Cheque and Savings Account (PDF 232kb, Term Deposit (PDF 247kb), and Farm Management Deposit Account General Information and Terms & Conditions (PDF 2.53mb) , and consider them before making any decision about these products.
Other important information.
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.
