---
title: "Business Tax Management Account — IMB Bank"
description: "Transaction & Savings Accounts from IMB Bank. Rates, fees, features and eligibility as published under Australia's Consumer Data Right."
canonical: https://www.cdrcompare.au/brands/imb-bank/products/TSA-28-1
source: "CDR Compare"
language: en-AU
last_updated: 2026-03-04T10:00:00+11:00
---

# Business Tax Management Account — IMB Bank

> Transaction & Savings Accounts from IMB Bank. Rates, fees, features and eligibility as published by the provider under Australia's Consumer Data Right, compared on CDR Compare.

**Transaction & Savings Accounts**

An account to set aside funds to meet tax obligations such as GST

## At a glance

- **Base rate:** 0.01%

## Apply

Applications are handled by the provider: [Apply at IMB Bank](https://www.imb.com.au/business-banking-account-enquiry)

## Deposit rates

| Type | Rate | Applies to | Interest paid |
| --- | --- | --- | --- |
| Variable | 0.01% | Up to $4,999.99; $5,000 to $19,999.99; $20,000 to $49,999.99; $50,000 to $99,999.99; $100,000 and over | every 6 months |

## Fees

| Fee | Type | Amount |
| --- | --- | --- |
| Special clearance on cheques — Maximum charge. Charges either wholly or partly imposed by third parties. | Event | $16.00 |
| BPAY payment return | Event | $5.00 |
| Rejected post-dated BPAY | Event | $5.00 |
| Trace on Electronic Debit/Credit | Event | $20.00 |
| Default Notice fee — A Default Notice fee of $30 will be debited from your deposit account or Personal Credit Line facility, where you are in breach of the PDS and/or the schedule and IMB issues a notice to you demanding monies. Refer to the PDS Member Guide to Transactional Banking for further information. | Event | $30.00 |
| Transfers between accounts to cover overdrawn balance | Event | $15.00 |
| Stop payment personal cheque | Event | $15.00 |
| Copy of personal cheque | Event | $15.00 |
| Trace on personal cheque — Charges either wholly or partly imposed by third parties. | Event | $50.00 |
| Transaction Listing - Electronic - up to 10 pages | Event | $5.00 |
| Transaction Listing - Electronic - 10 pages and over — Per page | Event | $0.50 |
| Interest statement - Electronic — Per page | Event | $2.50 |
| Copy of withdrawal or deposit form | Event | $15.00 |
| Recalculation of interest — Per page | Event | $30.00 |
| Research fee — Per page | Event | $30.00 |
| Retrieval of archived documents — Per page | Event | $20.00 |
| Audit Certificate — Per certificate | Event | $30.00 |
| Unclaimed monies/dormant account — Maximum charge per account | Event | $40.00 |
| Bulk coin count — Maximum charge | Deposit | $5.00 |
| Total cash withdrawal over $2,000 in a day — A fee of 0.2% of total cash withdrawals is charged for total cash withdrawals over $2000 in a day. | Withdrawal | 0.2% of transaction |
| Manual deposit other institution | Deposit | $10.00 |
| Trace on Financial Institution cheque — Charges either wholly or partly imposed by third parties. | Event | $50.00 |
| Copy of Financial Institution cheque — Maximum charge. Charges either wholly or partly imposed by third parties. | Event | $16.00 |
| Stop payment fee (IMB cheques) — Maximum charge. Charges either wholly or partly imposed by third parties. | Event | $12.50 |
| Foreign cheque conversion (value less than AU$10,000) — Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties | Deposit | $25.00 |
| Foreign cheque conversion (value AU$10,000 and greater) — Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties | Deposit | $50.00 |
| Purchase of foreign currency — $10 or 1% of the value of the total order (whichever is greater). | Withdrawal | 1% of transaction |
| SMS Alerts  — Per alert | Event | $0.25 |
| Default fee — When your savings account is overdrawn for 20 days, a Default fee will be debited from your account on the 20th day and a further Default fee debited each month thereafter while your account remains overdrawn. | Event | $25.00 |

## Features

- **Digital banking** (Internet Banking and Mobile Banking App.)
- **PayID** (Create a PayID through IMB’s Internet Banking or Mobile Banking App to receive Osko payments.)
- **Real-time payments (NPP)** (This account type is enabled for Osko payments, via the New Payments Platform (NPP). Osko is the faster way to pay or receive money from friends, family and businesses. No more waiting days for money to change hands. Now you can pay and be paid in a matter of seconds)
- **Bill payment (BPAY)** — BPAY (BPAY® is an electronic bill payment service, providing a convenient access point for the payment and receipt of consumer bills.)
- **Direct debit is available on this account type.** — Direct Debit
- **Direct Credit is available on this account type.** — Direct Credit
- **Schedule Electronic Funds Transfers or Periodic Payments via internet banking, in branch or telephone banking** — Scheduled Payments
- **Make and receive Electronic Funds Transfers (EFT) from this account type.** — Electronic Funds Transfer
- **IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.** — Branch
- **IMB's Phone Banking Service gives you 24 hour access to your accounts from any touchphone.** — Telephone Banking
- **IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm** — Phone Banking Operator Assisted
- **As of 1 June 2021, IMB will not offer a cheque facility to customers that become Members on or after that date, or to existing Members who have not been issued a cheque facility before that date** — Chequebook
- **PayTo is available on this account type.** — PayTo

## Eligibility

- **Business customers** (Only available to business owners including sole traders, companies, partnerships, associations, trusts or other such businesses as approved by IMB.)

## Constraints

- **Opening balance** — $1.00

## More information from IMB Bank

- [Terms & conditions](https://www.imb.com.au/important-information)
- [Fees & pricing](https://www.imb.com.au/help-centre/rates-and-fees)

## Data provenance

- Published by IMB Bank under the Consumer Data Right
- Product ID: `TSA-28-1`
- Last updated by the provider: 3 March 2026
- Source payload (JSON): https://www.cdrcompare.au/api/raw/imb-bank/TSA-28-1
- Provider page: https://www.cdrcompare.au/brands/imb-bank
- CDR register entry: https://www.cdr.gov.au/find-a-provider?provider=000096

---

Source: [CDR Compare](https://www.cdrcompare.au/brands/imb-bank/products/TSA-28-1) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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