Society Cheque Account
A transaction account for eligible not-for-profit and community organisations and associations, and organisations that operate for the benefit of the wider community. You can set one up in any of our branches.
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 |
Fees
| Fee | Type | Amount |
|---|---|---|
| Dishonour fee Charged to the account, due to insufficient available funds, when we are unable to debit the account. | 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 |
| Access fee - Overseas transactions Any other cash withdrawal overseas: AUD $5 plus 3.5% of the transaction value. | Withdrawal | 3.5% of transaction |
| Access fee - Overseas transactions Maestro (EFTPOS) or Visa Debit Card or Debit MasterCard purchase in Australian dollars: 3.5% of the transaction value. | Purchase | 3.5% of transaction |
| Access fee - Overseas transactions Maestro (EFTPOS) or Visa Debit Card or Debit MasterCard purchase in foreign currency: 3.5% of the transaction value. | Purchase | 3.5% of transaction |
| Withdrawals or transfers made via telephone banking with operator assistance Withdrawals or transfers made via telephone banking using an operator. |
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.
- Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.
- Digital banking
- Regardless of your business structure and needs, we have an online banking solution that will suit you.
- No monthly account fee means one less expense and more money raised going towards those you are helping.
Eligibility
- Minimum age — 16 yearsA minor under the age of 16 years old cannot open or be a signatory to a non personal account. They can only be a signatory if there is at least one adult signatory, i.e. a person over 18 years old, and the method of operation for the account is at least one adult must sign each transaction.
- Check you're an eligible organisation or association. If you're not, see our other business accounts.
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID e78c63efd0f64a32a9db0899e2caf301 · View on CDR.gov.au