Procurement Management Account
A Procurement Management Account is a corporate card 'account' (16 digit card number) assigned to an organisation or business unit, which allows multiple authorised users to transact on the account. It is primarily used for a large volume of transactions (e.g. high volumes of travel bookings) or high value procurement transactions (e.g. strategic suppliers).
- Purchase rate
- 17.99%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Cash advance | 17.99% | — | — |
| Purchase | 17.99% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| International Transaction Fee Applies anytime cash advances, purchases or permitted transactions are converted by Mastercard from foreign currencies to Australian dollar equivalents. For cash advances, the relevant cash advance charge will also apply. Also applies to purchases while the accountholder is overseas, or while they are in Australia (for example online) where the merchant, or the financial institution or entity processing the transaction, is located overseas. Please note additional fees may be charged by the overseas merchant. | Transaction | 2.5% of transaction |
| Cash equivalent items or cash substitutes cash advance charge While no physical card is available to withdraw cash, the bank charges interest (17.99%) for customers using their Procurement Management Account for a cash equivalent item or cash substitutes. Cash equivalent items or cash substitutes include the purchase of travellers cheques and foreign currency, e.g. Travelex, as well as online gambling, e.g. Sportsbet, Pokerstars, Online Lottery and TAB. | Purchase | 1.25% of transaction |
| Establishment Fee Establishment fee that is charged once the Product offer is formally accepted | Event | $600.00 |
| Annual Fee per card The disclosed annual fee amount per card is the fixed fee we have agreed with you. The fee for each card will be charged to each card on the facility anniversary date. Where a card is established between anniversary dates, a prorated fee is applied for that year. | Event | $120.00 |
Features
- Additional cards
- Card numbers are held in the name of the business, not an individual, allowing multiple people to transact on a single account for business expenses. No physical card is issued on this account.
- Bill payment (BPAY) — Sweep from nominated account
- The full balance will be automatically swept from the nominated bank account on the settlement date.
- Insurance included — Transit Accident Insurance
- Complimentary transit accident insurance up to $250,000 for cardholders.
- Insurance included — Unauthorised Transactions Insurance
- Complimentary Unauthorised Use insurance up to $150,000 a year.
- Digital banking
- Regardless of your business structure and needs, we have an online banking solution that will suit you.
Eligibility
- Business customers
- Each application for credit is assessed on the ability of the business to service debt (limit) based on the financials supplied in the application.
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID 926fd37a329f4a28977ad5c2a943a05e · View on CDR.gov.au