Business Transaction Account
An everyday business bank account that you can open online, which provides unlimited electronic transactions and 5 assisted transactions on a monthly basis for customers on the $10 monthly account fee pricing option. Fees and charges will apply if you exceed this amount. Customers with the $0 monthly account fee pricing option will not have included assisted transactions - each assisted transaction will be chargeable. Please note Access, CommBiz and NetBank Service Fees may apply and are excluded from the unlimited electronic transactions.
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 |
|---|---|---|
| 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 |
| 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 |
| Pricing Option 1 - $10 Monthly account fee Charged monthly · Calculated at the end of each month and charged to your account on the first day of the following month. Up to 5 cheques, staff assisted or quick deposit transactions included with this fee option. Fees apply when the number of Quick Deposit, Cheque and Assisted Transactions for the month exceed the relevant number of transactions included in the Monthly Account Fee. |
Features
- Card access — Business Visa Debit Card
- Access your own business funds to pay bills and suppliers online, over the phone or in person.
- 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.
- Free transactions — Assisted Transactions
- Customers with the $10 Monthly Account Fee option will receive 5 Quick Deposit, Cheque and Assisted transactions each calendar month. The $0 Monthly Account Fee option does not include any assisted transactions - each assisted transaction will be chargeable. At the end of each month, the Bank will rank these transactions in the following order: 1. Quick Deposits - cash and cheque deposits 2. Cheque transactions 3. Assisted transactions.
- Streamline your business banking and save time with automatic data feeds from your online banking to your accounting software.
- Bill payment (BPAY) — BPAY View
- See, track and easily pay your bills online in NetBank or on the go in the CommBank app.
Eligibility
- Business customers
- To hold this product, customers will need to satisfy the following eligibility criteria: in the case of domestic businesses (e.g. a sole trader, partnership, company, trust etc.) have an ABN or ACN where relevant; or in the case of foreign companies that carry on business in Australia, be registered with ASIC. The eligibility of other foreign businesses will be subject to review and exception
More Information
Published by CommBank under the Consumer Data Right · Last updated 16 July 2026 · Product ID f70238d4ee324ad99af6ee0f01f7cdde · View on CDR.gov.au