Give your business a $5001 boost

Backr and CommBank have partnered together so that your new business could receive $500.

Here's what you need to do to be eligible:

1. Sign up for Backr and;

i. Register an ABN,

ii. Register your business name, and

iii. Create a business plan by 30 November 2020.

2. Open a CommBank Business Transaction Account2 by 30 November 2020 and complete either of the below options in the first 56 days of account opening, or by 31 January 2021 (whichever occurs first);

i. One digital login and sign up to a merchant plan3; or

ii. One digital login and five outgoing transactions.4

Ready, set, start your business

One source for every service

Backr brings everything you need to get started in one central taskboard, from business registration, to business planning, through to creating your first invoice. 

Seamless user experience 

Backr brings everything you need together to help you navigate the complexities of starting up through a user-friendly and educational, task-based experience. Backr has you covered.

Expert guidance

Making early business decisions can quickly become daunting, especially for those who have not gone down this path before.

Backr guides you through the process, step-by-step, making you confident in your decisions along the way.

Open a Business Transaction Account

Keeping your business funds and personal finances separate can save a lot of hassle when it comes to managing your money. Some benefits of our Business Transaction Account include:

  • The ability to choose the Monthly Account Fee option that suits your business best and the flexibility to switch at any time. Find out more
  • Smart alerts; sending you real-time notifications if your account balance is low, high, or if you've just been paid5
  • Unlimited electronic transactions6

See our Business Transaction Account

Open online now

Built with security and data protection in mind

It’s your business, you own your data

Only you have access to your Backr taskboard.

Stay safe and secure

Backr is security tested to CommBank’s security standards.

Link to many external services

Backr is constantly evolving and striving to give you access to services you may need.

They're working with major Australian businesses and government entities to provide you with secure steps towards your business dream. 

Contact

View Backr’s Frequently Asked Questions or contact Backr Support.

Things you should know

1$500 Small Business Credit: Offer available from 14 October 2020 - 30 November 2020. To be eligible for this offer you must sign up to Backr and register an ABN; and a business name; and complete a business plan by 30 November 2020. You must also open a CommBank Business Transaction Account, by 30 November 2020 and complete either one digital login and sign up to a merchant plan; or complete one digital login and five outgoing transactions4.  Either option needs to be completed in the first 56 days of account opening or by 31 January 2021 (whichever occurs first). $500 will be credited to your Commonwealth Bank Business Transaction Account only, within four weeks of completing all the above criteria. This offer is limited to one $500 credit per person, per business.

2The information on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the information, consider its appropriateness to your circumstances. Please view our Financial Services Guide (PDF). Terms, conditions, fees and charges apply to Business Transaction Accounts. Read the Terms and Conditions for Business Transaction and Savings Accounts and consider whether this product is right for you.

3Read the Terms and Conditions for Merchant Plans and consider whether this is product is appropriate for you.

4Outgoing transactions include; purchases, direct debits, bill payments, transfers to non-related bank accounts, ATM withdrawals and instant deposit ATM withdrawals.

5The Bank does not charge for the alerts service, but you may incur message and data charges from your telecommunications service provider. Alerts are sent in real-time 24/7. Delivery of alerts may be delayed for various reasons, including service outages affecting your phone, wireless or internet provider; technology failures; and system capacity limitations. Please check your balance before entering into any transactions. Alerts may be suspended by the Bank at any time without notice.

6Excludes 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.

The Backr terms of use, terms and conditions & privacy collection notice are available at:

https://backr.com.au/terms-and-conditions

https://backr.com.au/privacy-policy

https://backr.com.au/terms-of-use