The Finance Algorithm
The Mutual Bank logoThe Mutual Bank

Everyday Business Account

A business transaction account.

Savings & transaction accountsBank updated 14 Oct 2026

At a glance

No headline figures published.

Rates

Every rate The Mutual Bank publishes for this account, 3 in all.

TypeApplies toTermBandRateComparisonConditions
PenaltyInvestment, Interest only--20.00%-Penalty Interest will be charged on overdrawn accounts.
VariableBusiness Overdraft Variable Rate. Minimum rate, margin may apply.Investment, Interest only--11.04%--
VariableCommercial Overdraft Variable Rate. Minimum rate, margin may apply.Investment, Interest only--12.29%--

Fees

29 fees published, grouped by when they're charged.

When you take it out1

  • BECS_SPONSORSHIP

    Subject to approval if your business requests sponsorship within BECS. $500.00 upfront fee, $0.25 per non direct debit item for The Mutual Bank, $Nil per direct debit item for The Mutual Bank.

    $500

When you make a transaction10

  • AGENTS_COSTS_OVERDRAFT

    May apply if overdraft facility approved. Not ascertainable. Payable to us or our solicitor or their agent when they attend to the registration of a discharge of mortgage at your request or when an a…

    Varies
  • ATM_OWNER_FEE

    This fee amount is disclosed at the time of the ATM transaction and charged by the ATM owner for an ATM transaction including an ATM enquiry.

    Varies
  • INFORMATION_FEE_OVERDRAFTS

    May apply if overdraft facility approved. $1.00 per minute ($20.00 minimum fee). The fee will be calculated on the actual time spent retrieving and providing the information requested. Payable to us…

    $20
  • LOAN/OVERDRAFT_SERVICE_FEE_COMM

    Minimum fee $50.00 per quarter. Amount available on application. Fee is debited on your account quarterly in arrears on the last day of March, June, September and December.

    $50
  • RENEGOTIATION_FEE_OVERDRAFTS

    May apply if overdraft facility approved. Amount available on application. Payable to us whenever we agree to renegotiate or vary conditions on your loan other than altering interest rate options.

    Varies
  • REPLACEMENT_CARD_FEE_-_VISA_DEBIT_CARD

    $Nil - Payable if you request a replacement Visa Debit Card.

    Varies
  • UNCLAIMED_MONIES_FEE

    The lessor $20.00 or account balance. Payable when an account is classified as dormant.

    $20
  • VALUATION_FEE_OVERDRAFTS

    May apply if overdraft facility approved. Valuation fees are available upon enquiry. Valuation Fees are payable in relation to each property to which a loan is secured, and may vary according to the…

    Varies
  • FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE

    A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card.

    1.00% of transaction
  • PHYSICAL_FOREIGN_CURRENCY

    1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased.

    1.00% of transaction

When particular things happen18

  • CHEQUE_DISHONOUR

    A dishonoured cheque is a cheque that is not paid by the financial institution on which it is drawn. A dishonour fee will apply each time the cheque is presented for payment and dishonoured.

    $9
  • CONSENT_FEE_OVERDRAFT

    May apply if overdraft facility approved. Per consent. Payable to us when you ask us to consent to leasing, subdividing or any other dealing in relation to the security property.

    $200
  • DEFAULT_ADMINISTRATION_FEE_OVERDRAFTS

    May apply if overdraft facility approved. Payable to us when you are in default because you have not (or a security provider has not) performed an obligation on time (including any obligation to pay…

    $50
  • DIRECT_ENTRY_DISHONOUR

    Payable when a direct entry (inward and outward) is dishonoured.

    $9
  • DISCHARGE_ADMINISTRATION_FEE_OVERDRAFT

    May apply if overdraft facility approved. Per security. Payable to us each time we release a security.

    $200
  • DOCUMENT_FEE

    $60.00 per hour (subject to minimum $10.00 per copy). Payable if you request copies of documents such as withdrawal forms or statements, or you ask us to verify a transaction performed on your Accoun…

    $60
  • DORMANT_ACCOUNT_FEE

    This fee is charged to each of your Deposit Accounts closed due to dormancy. The lesser of $20.00 or the account balance.

    $20
  • DUPLICATE_FEE_OVERDRAFTS

    May apply if overdraft facility approved. Per copied document. Payable to us when we provide a copy of a document at your request.

    $20
  • DUPLICATE_STATEMENT_FEE_OVERDRAFTS

    May apply if overdraft facility approved. Payable to us when we provide a copy of a statement at your request.

    $7
  • MISCELLANEOUS_SERVICE_FEE

    $60.00 per hour. Payable if you request information not covered by the Document Fee.

    $60
  • ONLINE_INTERNATIONAL_TRANSFER_(OUTWARD)

    Payable if you use online banking to transfer funds internationally.

    $30
  • OVERDRAWN_FEE

    If your Account is overdrawn, without our prior agreement, a fee will be charged each time this occurs. Penalty interest (at the rate disclosed on the Deposit Interest Rate Schedule) will also be cha…

    $9
  • OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_AUSTRALIAN_CURRENCY

    Payable if we assist you send funds electronically overseas in Australian dollars.

    $50
  • OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_FOREIGN_CURRENCY

    Payable if we assist you send funds electronically overseas in a foreign currency.

    $30
  • PRODUCTION_FEE_OVERDRAFTS

    May apply if overdraft facility approved. Per document per production, plus any agents fees. Payable to us if we produce a document to the Land and Property Information division of the NSW Department…

    $200
  • REPLACEMENT_CARD_FEE_(INTERNATIONAL)

    Payable if you request a replacement card when overseas via Visa Global Cardholder Assistance Service (GCAS), payable when the request is processed.

    $100
  • SECURITY_SUBSTITUTION_FEE_OVERDRAFTS

    May apply if overdraft facility approved. Per new security. Payable to us to substitute a new security for an existing one.

    $300
  • SETTLEMENT_FEE_OVERDRAFTS

    May apply if overdraft facility approved. Per settlement. Payable to us each time we or our solicitors attend settlement in connection with a security.

    $150

Features

Instant paymentsPayIDDigital bankingUnlimited transactionsOverdraftApple Pay and Google Pay
  • Staff assisted transactions - Branch and Contact Centre

Eligibility and limits

  • Available to businesses
  • Where an overdraft is approved, the overdraft will be secured by residential property, commercial property and/or business assets

Published by Maitland Mutual Limited under the Consumer Data Right, last changed by them on 14 Oct 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.