Open a Business Transaction Account

Both monthly account fee options include:

  • Unlimited electronic transactions2
  • Free withdrawals at any of our ATMs
  • Here's more on our rates and fees.
You can switch between both options in NetBank and the CommBank app at any time. 

Here’s how to switch

$0 monthly account fee option

  • May be suitable if you bank mostly online
  • Pay $3 per assisted transaction

$10 monthly account fee option

  • May be suitable if you bank mostly in branch, at a post office or agency
  • Includes 20 assisted transactions per month
  • Pay $3 per assisted transaction after you've used the 20 included 

Features & benefits

Chat to us

Want to discuss your business needs further? Our dedicated team across Australia is here to help assist you no matter where you are in your business journey.

Chat to one of our Business Specialists online between 8am -6pm. 

Launch a live chat by clicking on the ‘chat now’ button and you’ll be connected directly with one of our specialists.

Looking to chat to someone after 6pm?

Or at a time that better suits you? Call our Australian based Business Banking Services team on 13 1998, available 24 hours a day, 7 days a week.

Prefer to visit a branch? 

Find your local Business Banker today. 

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Things you should know

This information has been prepared without taking into account your individual or business needs and objectives. You can view the Terms and Conditions for Business Transaction and Savings Accounts, our Financial Services Guide and the Electronic Banking Terms and Conditions and should consider them before making any decision about these products and services. Bank fees and charges may apply. 

1 You can only open an account online if you're a new or existing customer who is either a sole trader or director of a private company (Pty Ltd). You'll need to set up your business with us so we can verify your business details with ASIC. Once your beneficial owners and nominated directors have verified their ID (we'll email them instructions to do this online), you'll be able to open and start using your account. You'll be providing information to us on behalf of directors and owners in accordance with our Privacy Policy - make sure you've got their permission to do so before you start.

2 Excludes 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.

3 The 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 available funds before entering into any transactions. Alerts may be suspended by the Bank at any time without notice.

Daily IQ and Vonto are separate insights tools for general informational purposes only. Daily IQ and Vonto draw information from different data points and sources, and as such results and insights may vary between the tools. Insights may not necessarily have regard to your business, financial situation or needs. You should, before acting on insights provided by Daily IQ or Vonto, consider their appropriateness to your circumstances. Visit Daily IQ for more information. Visit Vonto for more information.

5 This information has been generated using information provided to Commonwealth Bank by Visa. Commonwealth Bank (CommBank) does not guarantee the accuracy and completeness of the information in this page. We also don't recommend specific offers, services or providers. If you decide to claim any offers through our website you will be dealing directly with the provider of that product or service and not with us. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

The target market for these products will be found within the product’s Target Market Determination.