Greater Bank
Business Optimiser
Business account designed for business customers who seek a transaction account that earns a variable rate of interest on the whole balance.
Savings & transaction accountsBank updated 14 Sept 2026
At a glance
- Base rate
- 0.01%
§ 01 — Rates · 4
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest is tiered and calculated daily based on the daily balance | — | — | up to $20,000 | 0.01% | — | paid every 3 mo |
| VariableInterest is tiered and calculated daily based on the daily balance | — | — | $20,000–$200,000 | 0.75% | — | paid every 3 mo |
| VariableInterest is tiered and calculated daily based on the daily balance | — | — | $200,000–$500,000 | 0.75% | — | paid every 3 mo |
| VariableInterest is tiered and calculated daily based on the daily balance | — | — | $500,000+ | 0.75% | — | paid every 3 mo |
§ 02 — Fees · 33
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Bank transfer fee (inward RTGS) | Deposit | $8 | — | Applicable when receiving an inward RTGS (Real time gross settlement) |
| Cheque deposit | Deposit | $0.25 | — | Fee Waiver Fee Allowance |
| Deposit bagged coin | Deposit | 1.00% of transaction | — | Fee Allowance Fee Waiver |
| Deposit unbagged coin | Deposit | 2.00% of transaction | — | Fee Allowance Fee Waiver |
| Foreign currency deposit fee | Deposit | $5 | — | — |
| Direct debit dishonour fee | Dishonour | $8 | — | — |
| Dishonour cheque fee | Dishonour | $15 | — | — |
| Information fee - Per Page | Enquiry | $1 | — | $20.00 plus $1.00 per page |
| Information fee | Enquiry | $20 | — | $20.00 plus $1.00 per page |
| Cheque copy fee | Event | $15 | — | — |
| Cheque notify fee - Customer Service | Event | $20 | — | — |
| Cheque notify fee - SMS | Event | $0.20 | — | — |
| Replacement card fee | Event | $7 | — | Domestic $7.00 (when a replacement card is issued on your account within Australia) |
| Replacement card fee | Event | $100 | — | International $100.00 (when a replacement card is issued on your account when overseas) |
| Stop payment fee | Event | $7 | — | Charged to stop payment of a cheque you have drawn or a bank cheque. |
| Unclaimed monies fee | Event | $30 | — | Charged if an account had no transactions (other than government charges or interest) processed during the last three years. |
| Dormant account fee | Periodic | $15 | Every 6 mo | $15.00 six monthly if an account has no transactions (other than government charges or interest) processed during the preceding 24 months |
| Foreign currency conversion fee | Purchase | 3.00% of transaction | — | 3.00% of the value of the transaction in AUD debited to your account when you make a transaction in a foreign currency or in AUD when you are outside of Australia; or in Australia where the merchant… |
| Cheque honour fee | Transaction | $5 | — | Charged if we honour a cheque that would otherwise have been dishonoured due to insufficient funds. |
| SMS alert fee | Transaction | $0.20 | — | Charged for each SMS alert that is sent to you notifying you of account balances and/or other nominated transactions. |
| Bank cheque fee | Withdrawal | $9 | — | Fee Allowance Fee Waiver |
| Bulk coin purchase fee - Existing branch stock | Withdrawal | 2.00% of transaction | — | Existing branch stock 2.00% of total value (minimum $2.00) |
| Bulk coin purchase fee - External order | Withdrawal | $8 | — | — |
| Cheque drawn | Withdrawal | $0.80 | — | Fee Allowance Fee Waiver |
| EasyPay notification fee - Letter | Withdrawal | $8 | — | — |
| EasyPay notification fee - SMS | Withdrawal | $0.20 | — | — |
| EFT transaction fee (Outward RTGS) | Withdrawal | $20 | — | Applicable when you send an outward RTGS (Real time gross settlement) |
| Over-the-counter BPAY | Withdrawal | $1 | — | Fee Waiver Fee Allowance |
| Over-the-counter withdrawals | Withdrawal | $2.25 | — | Fee Allowance Fee Waiver |
| Overseas ATM | Withdrawal | $5 | — | $5.00 plus Foreign Currency Conversion Fee Fee Allowance Fee Waiver |
| Payment service creation fee | Withdrawal | $2.50 | — | Charged when a customer requests we create an Easypay or Third Party Payment Service to other than a Greater Bank account. |
| Telegraphic transfer - Australian Currency (Outgoing International Payment) | Withdrawal | $50 | — | When transferring in AUD. Fee is inclusive of $40.00 payable to the product issuer, Convera Australia Pty Ltd. |
| Telegraphic transfer - Foreign Currency (Outgoing International Payment) | Withdrawal | $30 | — | When transferring in a foreign currency. Fee is inclusive of $20.00 payable to the product issuer, Convera Australia Pty Ltd. |
§ 03 — Features
Instant paymentsPayIDDigital bankingFraud protectionApple PayGoogle Pay
- · Transaction Fee Rebate. $3 per $1000 Minimum Monthly Balance (maximum $10 per month).
§ 04 — Eligibility & limits
- · Residency: Australian Residents only
- · Available to businesses
- · Minimum balance $1
- · Opening balance $1
- · Must be identifiable in terms of legislative requirements
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Greater Bank Limited under the Consumer Data Right, last changed by them on 14 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.