The Mutual Bank
Everyday Business Account
A business transaction account.
Savings & transaction accountsBank updated 3 Aug 2026
At a glance
- No headline figures published.
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Penalty | Investment · Interest only | — | — | 20.00% | — | Penalty Interest will be charged on overdrawn accounts. |
| VariableBusiness Overdraft Variable Rate. Minimum rate, margin may apply. | Investment · Interest only | — | — | 10.79% | — | — |
| VariableCommercial Overdraft Variable Rate. Minimum rate, margin may apply. | Investment · Interest only | — | — | 12.04% | — | — |
§ 02 — Fees · 29
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| AGENTS_COSTS_OVERDRAFT | Cash advance | Varies | — | 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… |
| ATM_OWNER_FEE | Cash advance | Varies | — | 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. |
| INFORMATION_FEE_OVERDRAFTS | Cash advance | $20 | — | 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… |
| LOAN/OVERDRAFT_SERVICE_FEE_COMM | Cash advance | $50 | — | 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. |
| RENEGOTIATION_FEE_OVERDRAFTS | Cash advance | Varies | — | 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. |
| REPLACEMENT_CARD_FEE_-_VISA_DEBIT_CARD | Cash advance | Varies | — | $Nil - Payable if you request a replacement Visa Debit Card. |
| UNCLAIMED_MONIES_FEE | Cash advance | $20 | — | The lessor $20.00 or account balance. Payable when an account is classified as dormant. |
| VALUATION_FEE_OVERDRAFTS | Cash advance | Varies | — | 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… |
| CHEQUE_DISHONOUR | Event | $9 | — | 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. |
| CONSENT_FEE_OVERDRAFT | Event | $200 | — | 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. |
| DEFAULT_ADMINISTRATION_FEE_OVERDRAFTS | Event | $50 | — | 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… |
| DIRECT_ENTRY_DISHONOUR | Event | $9 | — | Payable when a direct entry (inward and outward) is dishonoured. |
| DISCHARGE_ADMINISTRATION_FEE_OVERDRAFT | Event | $200 | — | May apply if overdraft facility approved. Per security. Payable to us each time we release a security. |
| DOCUMENT_FEE | Event | $60 | — | $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… |
| DORMANT_ACCOUNT_FEE | Event | $20 | — | This fee is charged to each of your Deposit Accounts closed due to dormancy. The lesser of $20.00 or the account balance. |
| DUPLICATE_FEE_OVERDRAFTS | Event | $20 | — | May apply if overdraft facility approved. Per copied document. Payable to us when we provide a copy of a document at your request. |
| DUPLICATE_STATEMENT_FEE_OVERDRAFTS | Event | $7 | — | May apply if overdraft facility approved. Payable to us when we provide a copy of a statement at your request. |
| MISCELLANEOUS_SERVICE_FEE | Event | $60 | — | $60.00 per hour. Payable if you request information not covered by the Document Fee. |
| ONLINE_INTERNATIONAL_TRANSFER_(OUTWARD) | Event | $30 | — | Payable if you use online banking to transfer funds internationally. |
| OVERDRAWN_FEE | Event | $9 | — | 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… |
| OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_AUSTRALIAN_CURRENCY | Event | $50 | — | Payable if we assist you send funds electronically overseas in Australian dollars. |
| OVERSEAS_TELEGRAPHIC_TRANSFER_(OUTWARD)_-_FOREIGN_CURRENCY | Event | $30 | — | Payable if we assist you send funds electronically overseas in a foreign currency. |
| PRODUCTION_FEE_OVERDRAFTS | Event | $200 | — | 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… |
| REPLACEMENT_CARD_FEE_(INTERNATIONAL) | Event | $100 | — | Payable if you request a replacement card when overseas via Visa Global Cardholder Assistance Service (GCAS), payable when the request is processed. |
| SECURITY_SUBSTITUTION_FEE_OVERDRAFTS | Event | $300 | — | May apply if overdraft facility approved. Per new security. Payable to us to substitute a new security for an existing one. |
| SETTLEMENT_FEE_OVERDRAFTS | Event | $150 | — | May apply if overdraft facility approved. Per settlement. Payable to us each time we or our solicitors attend settlement in connection with a security. |
| FOREIGN_CURRENCY_CONVERSION_SERVICE_FEE | Transaction | 1.00% of transaction | — | A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card. |
| PHYSICAL_FOREIGN_CURRENCY | Transaction | 1.00% of transaction | — | 1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased. |
| BECS_SPONSORSHIP | Upfront | $500 | — | 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. |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsOverdraftApple Pay and Google Pay
- · Staff assisted transactions - Branch and Contact Centre
§ 04 — Eligibility & limits
- · Available to businesses
- · Where an overdraft is approved, the overdraft will be secured by residential property, commercial property and/or business assets
§ 05 — Compare
§ 06 — Run the numbers
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Published by Maitland Mutual Limited under the Consumer Data Right, last changed by them on 3 Aug 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.