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 24 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
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Published by Greater Bank under the Consumer Data Right, last changed by them on 24 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.