The Finance Algorithm
HUME BANK LIMITED

Business Account

A straight forward transaction account designed for businesses, with no monthly fees and an optional overdraft.

Savings & transaction accountsBank updated 28 May 2026
At a glance
Base rate
0.01%
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
Variable———0.01%—paid every 3 mo
§ 02 — Fees · 24
FeeTypeAmountWhenNotes
FEECHQDEPDeposit$0.30—Cheque Deposit fee - Payable when depositing a cheque
FEECOINDEPDeposit$2—Coin deposit fee - Payable when you ask us to count large amounts of coin (over $200 in value). Not applicable when you use a coin counting $200 in value). Not applicable when you use a coin counting
FEEFORCHQDeposit$20—Foreign currency cheque deposits - When you deposit a foreign currency cheque of under $5000 to your account
FEEMEMCHQDeposit$0.80—Member cheque - Payable when a cheque is deposited into an account
FEEMERCHDeposit$2—ANZ merchant envelope deposit
ARCHEvent$10—Archive search fee - Retrieval of account information - $50/per hour. Min $10
FEECHQDISEvent$20—Dishonour fee personal or business cheque - Insufficient cleared funds in your account, cheque returned to drawer
FEECHQSPECCLEvent$15—Special cheque clearance - Special request for priority clearance on a cheque deposited to your account
FEEDDDISEvent$15—Direct Debit dishonour fee - Insufficient cleared funds in your account
FEEDETRACEEvent$20—Transaction trace fee - Payable when you request the trace of a BPAY, NPP/Osko or anyother external transaction
FEEMANRETEvent$15—Manual return fee - direct debit - Payable each time you request us to manually return a direct debit payment without cancelling the direct debit arrangement
FEEPPALTEvent$5—Periodical payment alteration - Each additional alteration after a total of four consecutive alterations
FEERTGSEvent$20—Real Time Gross Settlement - Where you request a transaction to be processed via RTGS
FEESTATREQEvent$2—Statement request - A request to provide a copy statement or a statement on a passbook account $2 per page
FEESTOPCHQEvent$5—Stop cheque request - When you ask us to stop a cheque
FEETTAUDEvent$50—Telegraphic Transfer AUD - When you send money overseas in Australian Dollars
FEEPOSPURCHPurchase$0.50—POS purchase using card
FEEDDHONTransaction$15—Direct Debit honour fee - Insufficient cleared funds in your account to meet debit request
FEETTTransaction$15—Telegraphic Transfer - When you send money overseas in a foreign currency online
FEETTBRTransaction$30—Telegraphic Transfer - When you send money overseas in a foreign currency staff assisted
FEEBRTRANSWithdrawal$2—Branch Transaction - Payable when you request a staff assisted transaction to another Financial Institution
FEEFORCASHWithdrawal1.00% of balance—Foreign Cash - When you purchase foreign cash. 1% of the order value in $AUD
FEEPOSWTHWithdrawal$0.50—Eftpos withdrawal fee
FEEREJWithdrawal$0.50—Card transaction rejection - Charged when a POS transaction has been rejected
§ 03 — Features
Instant paymentsPayIDDigital bankingFraud protectionUnlimited transactionsOverdraftApple PayGoogle PaySamsung WalletGarmin Pay
  • · Integration options with accounting software including MYOB and Xero
  • · External payroll processing
  • · Electronic or paper statements
  • · No monthly account keeping fee
  • · Chequebook access only available on accounts that have an existing cheque facility attached with a chequebook issued prior to 30 June 2025
§ 04 — Eligibility & limits
  • · Available to businesses

Published by Hume Bank under the Consumer Data Right, last changed by them on 28 May 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.