Standard Business Cheque Account - Interest Bearing Option
Transaction accounts that pays interest above minimum balances.
- Base rate
- 0.01%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable For each day your account remains overdrawn, Excess Debit Interest will be applied. This does not apply to accounts with an overdraft limit. | 16.43% | — | BALANCE |
| Variable For each day your account remains overdrawn, Excess Debit Interest will be applied. This does not apply to accounts with an overdraft limit. | 17.43% | — | BALANCE |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.01% | Amount | monthly |
| Variable | 0.01% | Amount | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
| Coin handling fee The coin handling is 1% of the total value of the coin component of all deposit and withdrawal transactions, where the total value of coins handled exceeds $1,000 per day. This fee is debited on the day the transactions are processed. This fee does not apply to deposits made via QuickCash envelopes. | Transaction | 1% of transaction |
| Dishonour fee $5 per payment. Charged to the account, due to insufficient available funds, when we are unable to debit the account. | Dishonour | $5.00 |
| Note handling fee The note handling is 0.25% of the total value of the notes component of all deposit and withdrawal transactions, where the total value of notes handled exceeds $50,000 per day. This fee is debited on the day the transactions are processed. This fee does not apply to deposits made via QuickCash envelopes. | Transaction | 0.25% of transaction |
| Paper Statement Fee A paper statement fee applies if you request a paper copy of an account statement at any time. | Event | $5.00 |
| Overdraw Fee A fee charged when you exceed the available funds in your account or any agreed overdraft limit on a given day. Additional interest may apply on overdrawn amounts. | Event | $15.00 |
Features
- Card access — Business Visa Debit Card
- Access your own business funds to pay bills and suppliers online, over the phone or in person.
- Streamline your business banking and save time with automatic data feeds from your online banking to your accounting software.
- PayID
- Rather than wait hours or days for payments from another bank to clear, receive money almost instantly, so you know exactly where your business stands financially.
- Bill payment (BPAY) — BPAY View
- See, track and easily pay your bills online in NetBank or on the go in the CommBank app.
- Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.
- Obtain Cheque Books.
Eligibility
- Business customers
- To be eligible you need to have a valid ABN, ACN, or an association created and operating in Australia. Further Eligibility depends on your specific organisation structure. Please see CommBank website below for more information.
- Relationship managed clients only.
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 07546f4ac1d4455d8dd2f3954d33ca68 · View on CDR.gov.au