CommBank
Society Cheque Account
A transaction account for eligible not-for-profit and community organisations and associations, and organisations that operate for the benefit of the wider community. You can set one up in any of our branches.
At a glance
- Pricing
- Rates on application
- Monthly fee
- $0
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| 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 · 15
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Assisted deposits | Deposit | No fee | — | Deposits made over the counter at a Commonwealth Bank branch, Australia Post office or private agency (including EFTPOB/Bank@Post). |
| Cheque transactions | Deposit | No fee | — | Cheques deposited to your account (including cheques deposited via Quick Deposits or QuickCash envelope banking). |
| Quick Deposits | Deposit | No fee | — | Quick deposit box & Quickcash envelopes. |
| Dishonour fee | Event | $5 | — | 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. |
| Monthly Account fee | Periodic | No fee | Every 1 mo | No monthly account keeping fees. |
| 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 | No fee | — | Cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch. |
| Cheques transactions | Transaction | No fee | — | Cheques written by you and negotiated through the clearing system. |
| Electronic transactions | Transaction | No fee | — | Customers with a Society Cheque Account are entitled to electronic transactions. Please note Access, CommbBiz and NetBank Service Fees may apply |
| Withdrawals or transfers made via telephone banking with operator assistance | Transaction | No fee | — | 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 | No fee | — | 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 | 3.50% of transaction | — | 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 bankingUnlimited transactions
- · 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.
- · No monthly account fee means one less expense and more money raised going towards those you are helping.
- · You may apply to establish an overdraft limit on an eligible account. Applications are subject to our normal credit approval.
- · If you have a Business Transaction Account or a Society Cheque Account and you do not want us to honour payments which will cause that account to become informally overdrawn, you can request that we…
- · 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.
- · The standard statement cycle of Society Cheque Account is every four months.
§ 04 — Eligibility & limits
- · Minimum age 16
- · Check you're an eligible organisation or association. If you're not, see our other business accounts.
§ 05 — Compare
§ 06 — Run the numbers
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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.