The Finance Algorithm
BankSA logoBankSA

Business Cheque Account Plus

Complete everyday business bank account, ideal for customers who mainly transact electronically, but have a high number of branch and cheque transactions each month.

Savings & transaction accountsBank updated 29 Oct 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
0.00%
Monthly fee
$20

Rates

Every rate BankSA publishes for this account, 11 in all.

TypeApplies toTermBandRateComparisonConditions
PenaltyThe Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted…---15.01%-Currently not applicable
Variable--up to $1,9990.00%-paid every 1 mo; Currently not applicable
Variable--$10,000–$19,9990.00%-paid every 1 mo; Currently not applicable
Variable--$100,000–$249,9990.00%-paid every 1 mo; Currently not applicable
Variable--$1,000,000+0.00%-paid every 1 mo; Currently not applicable
Variable--$2,000–$4,9990.00%-paid every 1 mo; Currently not applicable
Variable--$20,000–$49,9990.00%-paid every 1 mo; Currently not applicable
Variable--$250,000–$499,9990.00%-paid every 1 mo; Currently not applicable
Variable--$5,000–$9,9990.00%-paid every 1 mo; Currently not applicable
Variable--$50,000–$99,9990.00%-paid every 1 mo; Currently not applicable
Variable--$500,000–$999,9990.00%-paid every 1 mo; Currently not applicable

Fees

17 fees published, grouped by when they're charged.

While you hold it1

  • Account Keeping Fee
    $20 a month

When you make a transaction14

  • Cheque Clearing (deposit)
    $3
  • Direct Credit
    No fee
  • Periodical Payment
    No fee
  • Agency
    No fee
  • Bank@Post
    No fee
  • Collection Item
    $3
  • EFTPOS
    No fee
  • Foreign Currency Conversion Fee
    3.00% of transaction
  • Internet Banking
    No fee
  • Phone Banking
    No fee
  • Staff assisted transactions
    $3
  • VISA Debit Card Transaction
    No fee
  • Cheque Clearing (withdrawal)
    $3
  • Direct Debit
    No fee

When particular things happen2

  • Frequent Statement Fee
    No fee
  • Overdrawn Fee
    $15

Features

Digital bankingFraud protectionUnlimited transactionsRelationship managerOverdraft
  • Make non-cash payments via services such as BPAY, Pay Anyone, OSKO, Overseas Telegraphic Transfer (OTT) and Direct Debit.
  • Statements: Monthly statements are available
  • Cheque book, Periodical payments and direct debits, Agency banking features are available
  • Cash flow supported: BankSA business accounts use Osko, which deposits payments into your account near instantly for immediate use.
  • Fast, secure payments enabled: Set up PayID to receive payments using your ABN as a unique identifier, which deters scammers.
  • Online security guaranteed: We'll repay any missing funds if your account is compromised by Internet fraud, as long as you've complied with our T&Cs.
  • Bonus MYOB for a year - Pay for 1 month of MYOB Business and get a bonus 12 months, when you subscribe with your business transaction account, eligible debit or credit card to take up the offer. Conn…

Eligibility and limits

  • Minimum age 18
  • Customer must be operating using an Australian address.
  • Sole trader, partnership, company, association, self-managed super fund, trust, or not-for-profit organisation.

Published by BankSA under the Consumer Data Right, last changed by them on 29 Oct 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.