Help & support
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
Merchant services
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
Temporary Excess Fees
Quarantined Loans (no longer for sale)
Business Line of Credit/Agribusiness line of credits
SuperGear
Commonwealth Portfolio Loan
Simple Business Overdraft
Investments
Business Investment Account
Term deposits
Agribusiness
International
Foreign exchange rates
Trade transaction rates & charges
Cash management
Business and Corporate cards*
(Effective Date 8 August 2022)
| 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 | 6.00% 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 | 12.24% 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 | 6.00% p.a. | $40.00 per card |
| Commercial security | 12.24% 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 | ||
| CommBank Neo Business | Purchase rate 0% p.a. Cash rate 0% p.a.2 |
$12, $18 or $22 or $0 per month3 |
| 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 date 8 August 2022. 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.
2 For CommBank Neo Business cards, cash advances will be blocked. Exceptions apply, as we are unable to block cash advance transactions that are not sent to us for authorisation. These will not incur any additional fees or interest charges.
3 For CommBank Neo Business, the monthly fee is charged at $12 per month for a $1,000 credit limit, $18 per month for a $2,000 credit limit and $22 per month for a $3,000 credit limit. If you don't have any processed transactions in a given statement period and pay your previous statement closing balance in full by the due date, you won't be charged a monthly fee for that statement period.
Standard Business Cheque Account (interest bearing option) - Standard variable rates interest rates
(Effective 8 July 2022)
| Product | Conditions | Interest rate (p.a.) |
|---|---|---|
| Standard Business Cheque Account | Less than $100,000 | 0.01% |
| $100,000 and over | 0.20% |
|
| Temporary Excess Fees | See Temporary Excess Fees | |
Interest will be paid monthly on the first calendar day of the month.
Standard Business Cheque Account fees
Relationship managed clients only
(Effective 5 August 2022)
| 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 Overdraw Fee. |
$15.00 |
Excess Debit Interest on Overdrawn accounts |
14.93% 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. |
14.93% p.a. |
| Temporary Excess Fees | See Temporary Excess Fees |
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.
Stream Working Capital Transaction Account Fees & Rates
(Effective 5 August 2022)
| Fee Type | |
|---|---|
| Monthly Account Fee | $0 |
| Included assisted transactions, cheques and Quick Deposits | 0 included |
| Electronic Transactions1 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 Deposits2 Deposits made via the Quick Deposit Box or QuickCash envelope banking. | $3.00 each |
| Cheque transactions2 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 transactions2 Deposits made over the counter at a CommBank branch, Australia Post office or private agency (including EFTPOB/ Bank@Post). 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 Statement 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 Overdraw Fee. | $15.00 |
| Excess Debit Interest on Overdrawn accounts For each day your account remains overdrawn, Excess Debit Interest will be applied. This does not apply to accounts with an overdraft limit. | 14.93% 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 (excluding Simple Business Overdraft). | 14.93% p.a |
| The Stream Working Capital Transaction Account does not have credit interest |
(Effective Date 5 August 2022 unless otherwise noted)
| Loan type | Interest rate |
|---|---|
| Business Overdraft – residential Equity Rate# | 5.85% (RER) |
| Corporate Overdraft Reference Rate (CORR)# | 8.83% |
| Overdraft Index Rates (OIR)# | 9.43% |
| Excess Drawing Interest Rate#* | 14.93% |
| Default Interest Rate | 16.50% |
# Rates are Reference Rates only. Interest Rate Margins will apply. Monthly charging cycle.
*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, BBSW 30 Day Rate Account, CommBank Community Account, Overdraft Cheque Account (excluding Simple Business Overdraft) and Stream Working Capital Transaction Account.
Temporary Excess Establishment Fee
(Effective Date 3 April 2020 unless otherwise noted. This may vary by agreement between you and the bank.)
| Establishment Fee | |||
|---|---|---|---|
| Temporary Excess Amount | Duration of Temporary Excess | ||
| Less than 1 month | Between 1 & 2 months | Between 2 & 3 months | |
| Up to $50,000 | $50 | $100 | $150 |
| $50,001 to $100,000 | $100 | $150 | $200 |
| $100,001 to $250,000 | $150 | $200 | $250 |
| $250,001 to $500,000 | $200 | $250 | $300 |
| $500,001 and over | $500 | $750 | $1000 |
Quarantined Loans (no longer for sale)
Business Line of Credit/Agribusiness Line of Credit
(Effective Date 5 August 2022 unless otherwise noted)
| Loan type | Interest rate |
|---|---|
| Business Line of Credit - Residential Equity Rate# | 5.85% (RER) |
Business Line of Credit - other than residential security# (Base Rate) |
7.93% |
| Business Line of Credit Reference Rate# | 7.63% |
| Excess Drawing Interest Rate^ | 14.93% |
| Default Interest Rate | 16.50% |
#Rates are Reference Rates only. Interest Rate Margins will apply.
^Maximum rate applicable
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.
SuperGear
(Effective Date 5 August 2022)
| Loan type | Interest rate | |
|---|---|---|
| Default Interest Rate | 14.93% pa | |
| Excess Drawing Interest Rate | 14.93% pa |
Note: SuperGear reference rates are the same as the BetterBusiness Loan reference rates for all other rates, and can be found in the BetterBusiness Loan: Reference Rates table above.
(Effective Date 12 August 2022)
| Loan type | Interest rate |
|---|---|
| CommSec Variable Rate2 | 7.78% 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.
(Top of page)
Simple Business Overdraft
(Effective Date 5 August 2022 unless otherwise noted)
| Loan type | Interest rate |
|---|---|
| Simple Business Overdraft Rate | 15.05% pa |
| Simple Business Overdraft – Excess Drawing Rate | 15.05% pa |
| Simple Business Overdraft – Default Interest Rate | 16.50% pa |
Establishment Fee, Line Fee and other fees which apply will be detailed in your Letter of Offer. If we allow you to exceed your Overdraft limit, the Simple Business Overdraft Rate will apply for each day your limit is exceeded.
For more information on your Simple Business Overdraft product, please contact your relationship manager.
Things you should know
As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on this information, 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.
