Tyro Bank Account
A fee-free, interest earning business bank account that provides the flexibility to move money using the Tyro App.
- Base rate
- 0.5%
- Bonus rate
- 0.95%
- conditions apply
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Rate earned on funds in the account up to 30 days. | 0.5% | — | monthly |
| Bonus Bonus rate earned on funds in the account greater than 30 days. | 0.65% | — | monthly |
| Bonus Bonus rate earned on funds in the account greater than 60 days. | 0.8% | — | monthly |
| Bonus Bonus rate earned on funds in the account greater than 90 days. | 0.95% | — | monthly |
Features
- Digital banking
- The Tyro App lets you access 24/7 mobile banking so you can stay on top of your business from anywhere plus intelligent notifications, bank transfer, BPAY® and direct debits.
- Notifications — Just-in-time reminders
- Just-in-time reminders will let you know if funds are low, so you can reschedule bill payments.
- Unlimited transactions — Fee-free transfers
- No account keeping fees, no transaction fees and no penalties for accessing your funds.
- Seamless reconciliation with integrated bank feeds to Xero. Schedule batch payments in Xero – including BPAY and bank transfers, and Xero Payroll. — Xero integration
Eligibility
- Business customersYou must have an active ABN.
- You must be a Tyro EFTPOS/eCommerce customer.
More Information
Published by Tyro Payments under the Consumer Data Right · Last updated 15 February 2026 · Product ID 93efba95-f852-4455-a965-807c0de3812c · View on CDR.gov.au