Everyday Business Account
A business transaction account.
- Base rate
- 0.01%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable Business Overdraft Variable Rate. Minimum rate, margin may apply. | 10.79% | — | — |
| Variable Commercial Overdraft Variable Rate. Minimum rate, margin may apply. | 12.04% | — | — |
| Penalty | 20% | — | — |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December. | 0% | Everyday Business Account_Tier_1 | every 6 months |
| Variable Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December. | 0% | Everyday Business Account_Tier_2 | every 6 months |
| Variable Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December. | 0% | Everyday Business Account_Tier_3 | every 6 months |
| Variable Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December. | 0% | Everyday Business Account_Tier_4 | every 6 months |
| Variable Interest is calculated by applying the daily percentage rate to the different portions of the daily balance as set out and paid 6 monthly on 30 June and 31 December. |
Fees
| Fee | Type | Amount |
|---|---|---|
| CHEQUE_DISHONOUR Capped at $0.00 · A dishonoured cheque is a cheque that is not paid by the financial institution on which it is drawn. A dishonour fee will apply each time the cheque is presented for payment and dishonoured. | Event | $9.00 |
| DIRECT_ENTRY_DISHONOUR Capped at $0.00 · Payable when a direct entry (inward and outward) is dishonoured. | Event | $9.00 |
| DOCUMENT_FEE Capped at $0.00 · $60.00 per hour (subject to minimum $10.00 per copy). Payable if you request copies of documents such as withdrawal forms or statements, or you ask us to verify a transaction performed on your Account e.g. evidence of a Visa Debit Card purchase. | Event | $60.00 |
| FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE Capped at $0.00 · A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card. | Transaction | 0% of transaction |
| MISCELLANEOUS_SERVICE_FEE Capped at $0.00 · $60.00 per hour. Payable if you request information not covered by the Document Fee. | Event | $60.00 |
| OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_AUSTRALIAN_CURRENCY |
Features
- Additional cards
- Bill payment (BPAY) — BPAY
- Pay bills using BPAY
- Card access — Visa Debit Card
- PayID
- Real-time payments (NPP)
- Overdraft available
- Available to approved applicants only
- Notifications — Mutual Alerts - Balance, low and high balance, deposit, withdrawal
- Digital banking
Eligibility
- Business customersA domestic business with an ABN or ACN where relevant (e.g. company, sole trader, partnership, association, trust)
- Where an overdraft is approved, the overdraft will be secured by residential property, commercial property and/or business assets
Constraints
- Opening balance — $0.00
- Minimum balance — $0.00
More Information
Published by Maitland Mutual Limited under the Consumer Data Right · Last updated 30 June 2026 · Product ID Everyday_Business · View on CDR.gov.au · View Source Data (JSON)