CommBank
Business Transaction Account
An everyday business bank account that you can open online, which provides unlimited electronic transactions and 5 assisted transactions on a monthly basis for customers on the $10 monthly account fee pricing option. Fees and charges will apply if you exceed this amount. Customers with the $0 monthly account fee pricing option will not have included assisted transactions - each assisted transaction will be chargeable. Please note Access, CommBiz and NetBank Service Fees may apply and are excluded from the unlimited electronic transactions.
At a glance
- Pricing
- Rates on application
- Monthly fee
- $10
§ 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 · 19
| 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. |
| Pricing Option 1 - $10 Monthly account fee | Periodic | $10 | Every 1 mo | Calculated at the end of each month and charged to your account on the first day of the following month. Up to 5 cheques, staff assisted or quick deposit transactions included with this fee option. F… |
| Pricing Option 2 - $0 Monthly account fee | Periodic | No fee | Every 1 mo | Calculated at the end of each month and charged to your account on the first day of the following month. This pricing option does not include any assisted transactions - each assisted transaction wil… |
| 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 Transaction 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 with operator assistance | 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 bankingUnlimited transactionsOverdraftCommBank Yello for Business
- · 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.
- · Your free business insights tool available in CommBiz and NetBank.
- · 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.
- · Customers have the ability to switch between the available fee options at any time. The $10 Monthly Account Fee option includes 5 assisted transactions, and the $0 Monthly Account Fee option does not…
§ 04 — Eligibility & limits
- · Available to businesses
- · To hold this product, customers will need to satisfy the following eligibility criteria: in the case of domestic businesses (e.g. a sole trader, partnership, company, trust etc.) have an ABN or ACN w…
§ 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.