Business Cheque Account Plus
Complete everyday business bank account, ideal for customers who mainly transact electronically, but have a high number of branch and cheque transactions each month.
- Base rate
- 0%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Penalty The Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted on the last business day of each month) using the then current ULR until the account balance is positive again. · Currently not applicable | 15.01% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Currently not applicable | 0% | 0 to 1999 | monthly |
| Variable Currently not applicable | 0% | 2000 to 4999 | monthly |
| Variable Currently not applicable | 0% | 5000 to 9999 | monthly |
| Variable Currently not applicable | 0% | 10000 to 19999 | monthly |
| Variable Currently not applicable | 0% | 20000 to 49999 | monthly |
| Variable Currently not applicable | 0% | 50000 to 99999 | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Account Keeping Fee Charged monthly | Ongoing | $20.00 |
| Internet Banking | Transaction | $0.00 |
| Phone Banking | Transaction | $0.00 |
| Business VISA Debit Card | Transaction | $0.00 |
| EFTPOS | Transaction | $0.00 |
| Bank@Post | Transaction | $0.00 |
| Direct Credit | Deposit | $0.00 |
| Direct Debit | Withdrawal | $0.00 |
| Staff assisted transactions | Transaction | $3.00 |
Features
- Free transactions — 25
- 25 in-branch transactions a month: Covers over-the-counter transactions, including cheque deposits and withdrawals.
- Unlimited transactions
- Unlimited electronic transactions : Covers online and mobile transfers and payments, and direct debits and credits.
- Card access — Business Visa Debit card: Separate your business purchases from personal, with a card linked to your business account.
- Digital banking
- Access anytime, anywhere: Manage and access your account online, on your mobile device, in branch, and via ATMs.
- Digital banking
- With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account.
- Notifications — Real-time security alerts delivered: Keep track of your account activity and help identify suspicious activity, with SMS and email alerts.
Eligibility
- Minimum age — 18 yearsApplicant plus all signatories
- Customer must be operating using an Australian address.
- Sole trader, partnership, company, association, self-managed super fund, trust, or not-for-profit organisation.
More Information
Published by Bank of Melbourne under the Consumer Data Right · Last updated 15 July 2026 · Product ID BOMTrBusBusinessChequeAccountPlus · View on CDR.gov.au · View Source Data (JSON)