CommBank
Standard Business Cheque Account - Interest Bearing Option
Transaction accounts that pays interest above minimum balances.
At a glance
- Pricing
- Rates on application
- Base rate
- 0.01%
- Monthly fee
- $5
§ 01 — Rates · 4
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | up to $100,000 | 0.01% | — | paid every 1 mo |
| Variable | — | — | $100,000+ | 0.01% | — | paid every 1 mo |
| VariableFor each day your account remains overdrawn, Excess Debit Interest will be applied. This does not apply to accounts with an overdraft limit. | Interest only | — | up to null | 16.43% | — | — |
| VariableFor each day your account remains overdrawn, Excess Debit Interest will be applied. This does not apply to accounts with an overdraft limit. | Interest only | — | up to null | 17.43% | — | — |
§ 02 — Fees · 18
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Assisted deposits | Deposit | $5 | — | Deposits made over the counter at a Commonwealth Bank branch, Australia Post office or private agency (including EFTPOB/Bank@Post). |
| Cheque transactions | Deposit | $5 | — | Cheques deposited to your account (including cheques deposited via Quick Deposits or QuickCash envelope banking). |
| Quick Deposits | Deposit | $10 | — | Deposits made via the Quick Deposit Box or QuickCash envelope banking. |
| Dishonour fee | Dishonour | $5 | — | $5 per payment. Charged to the account, due to insufficient available funds, when we are unable to debit the account. |
| Overdraw Fee | Event | $15 | — | 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. |
| Paper Statement Fee | Event | $5 | — | A paper statement fee applies if you request a paper copy of an account statement at any time. |
| Monthly account fee | Periodic | $5 | Every 1 mo | Calculated at the end of each month and charged to your account on the first day of the following month. |
| Access fee - Overseas transactions | Purchase | 3.50% of transaction | — | Maestro (EFTPOS) or Visa Debit Card or Debit MasterCard purchase in Australian dollars: 3.5% of the transaction value. |
| Access fee - Overseas transactions | Purchase | 3.50% of transaction | — | Maestro (EFTPOS) or Visa Debit Card or Debit MasterCard purchase in foreign currency: 3.5% of the transaction value. |
| Assisted transactions | Transaction | $5 | — | Cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch. |
| Cheques transactions | Transaction | $5 | — | Cheques written by you and negotiated through the clearing system. |
| Coin handling fee | Transaction | 1.00% of transaction | — | 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… |
| Electronic transactions | Transaction | No fee | — | Customers with a Business Cheque Account are entitled to electronic transactions. Please note Access, CommBiz and NetBank Service Fees may apply. |
| Note handling fee | Transaction | 0.25% of transaction | — | 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… |
| Withdrawals or transfers made via telephone banking using an operator | Transaction | $5 | — | Withdrawals or transfers made via telephone banking using an operator. |
| Access fee - Overseas transactions | Withdrawal | 3.50% of transaction | — | Any other cash withdrawal overseas: AUD $5 plus 3.5% of the transaction value. |
| Assisted transactions | Withdrawal | $5 | — | Withdrawals made over the counter at a Commonwealth Bank branch, Australia Post office or private agency (including EFTPOB/Bank@Post). |
| CommBank ATMs outside Australia | Withdrawal | $2 | — | The fee is charged to the account at the time of the withdrawal. This fee may be charged for each withdrawal you make through ATMs and Maestro, Cirrus, MasterCard or Visa Plus networks outside Austra… |
§ 03 — Features
Instant paymentsPayIDDigital bankingOverdraft
- · Streamline your business banking and save time with automatic data feeds from your online banking to your accounting software.
- · Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.
- · Obtain Cheque Books.
- · Your free business insights tool available in CommBiz and NetBank.
- · Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM.
- · Relationship managed
§ 04 — Eligibility & limits
- · Available to businesses
- · To be eligible you need to have a valid ABN, ACN, or an association created and operating in Australia. Further Eligibility depends on your specific organisation structure. Please see CommBank websit…
- · Relationship managed clients only.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by CommBank under the Consumer Data Right, last changed by them on 23 Sept 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.