IMB BankBusiness Tax Management Account
An account to set aside funds to meet tax obligations such as GST
At a glance
- Base rate
- 0.01%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
Each institution's best interest-paying business account, base plus any bonus. One dot per institution, at its highest business savings rate anyone can apply for; hover or tap a dot for its name.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| Business savings accountEach institution's best interest-paying business account, base plus any bonus | 0.01% | 5.40%Great Southern Bank Business+'s Business+ Saver | 0.55%of 34 institutions | 24th highest of 34, level with 10 others |
Rates
The one rate IMB Bank publishes for this account.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | - | 0.01% | - | paid every 6 mo |
Fees
29 fees published, grouped by when they're charged.
When you make a transaction6
- Bulk coin count
Maximum charge
$5 - Foreign cheque conversion (value AU$10,000 and greater)
Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties
$50 - Foreign cheque conversion (value less than AU$10,000)
Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties
$25 - Manual deposit other institution$10
- Purchase of foreign currency
$10 or 1% of the value of the total order (whichever is greater).
1.00% of transaction - Total cash withdrawal over $2,000 in a day
A fee of 0.2% of total cash withdrawals is charged for total cash withdrawals over $2000 in a day.
0.20% of transaction
When particular things happen23
- Audit Certificate
Per certificate
$30 - BPAY payment return$5
- Copy of Financial Institution cheque
Maximum charge. Charges either wholly or partly imposed by third parties.
$16 - Copy of personal cheque$15
- Copy of withdrawal or deposit form$15
- Default fee
When your savings account is overdrawn for 20 days, a Default fee will be debited from your account on the 20th day and a further Default fee debited each month thereafter while your account remains…
$25 - Default Notice fee
A Default Notice fee of $30 will be debited from your deposit account or Personal Credit Line facility, where you are in breach of the PDS and/or the schedule and IMB issues a notice to you demanding…
$30 - Interest statement - Electronic
Per page
$2.50 - Recalculation of interest
Per page
$30 - Rejected post-dated BPAY$5
- Research fee
Per page
$30 - Retrieval of archived documents
Per page
$20 - SMS Alerts
Per alert
$0.25 - Special clearance on cheques
Maximum charge. Charges either wholly or partly imposed by third parties.
$16 - Stop payment fee (IMB cheques)
Maximum charge. Charges either wholly or partly imposed by third parties.
$12.50 - Stop payment personal cheque$15
- Trace on Electronic Debit/Credit$20
- Trace on Financial Institution cheque
Charges either wholly or partly imposed by third parties.
$50 - Trace on personal cheque
Charges either wholly or partly imposed by third parties.
$50 - Transaction Listing - Electronic - 10 pages and over
Per page
$0.50 - Transaction Listing - Electronic - up to 10 pages$5
- Transfers between accounts to cover overdrawn balance$15
- Unclaimed monies/dormant account
Maximum charge per account
$40
Features
- Direct debit is available on this account type.
- Direct Credit is available on this account type.
- Schedule Electronic Funds Transfers or Periodic Payments via internet banking, in branch or telephone banking
- Make and receive Electronic Funds Transfers (EFT) from this account type.
- IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.
- IMB's Phone Banking Service gives you 24 hour access to your accounts from any touchphone.
- IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm
- As of 1 June 2021, IMB will not offer a cheque facility to customers that become Members on or after that date, or to existing Members who have not been issued a cheque facility before that date
- PayTo is available on this account type.
Eligibility and limits
- Available to businesses
- Opening balance $1
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Published by IMB Bank under the Consumer Data Right, last changed by them on 22 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.