Business Access Account
Low cost account is designed with small to medium businesses' needs in mind and handles your day-to-day transactions efficiently.
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 | 23rd highest of 34, level with 11 others |
Rates
The one rate Heritage publishes for this account.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest calculated on daily balances and paid 3 monthly | - | - | - | 0.01% | - | paid every 3 mo |
Fees
29 fees published, grouped by when they're charged.
When you make a transaction14
- Periodical Payment
To another Heritage account
No fee - Periodical Payment
To another financial institution - Set up by Heritage staff member
$3 - Automatic Sweep$2
- Heritage Bank Cheque$10
- Manual transfer to another financial institution
Charged per manual transfer to another financial institution including People's Choice branded accounts.
$4 - Manual transfer to another Heritage Account$2.50
- Non-Heritage counter withdrawals$2.50
- Overseas Currency Conversion Fee
Applicable on Visa purchases or withdrawals made in any currency that is not Australian Dollars (AUD)
3.00% of transaction - Payroll Processing$0.50
- RTGS payment/transfer to your account$10
- Telegraphic transfer within Australia$30
- Telegraphic transfer
performed via Heritage Online or the Mobile Banking App
$15 - Telegraphic transfer
transfer to a country in accepted currency (for example, USD to the United States)
$30 - Telegraphic transfer
Sent in AUD to a country with different currency
$50
When particular things happen14
- Business internet banking security token
Including replacement security tokens
$50 - Card replacement - Emergency replacement card overseas$200
- Card replacement - express Delivery in Australia$25
- Card replacement - Standard$10
- Direct Debit Dishonour$10
- Document/Record search fee
For record searches, traces, supplying copy of details of transactions (including Visa card transaction slips) at your request on your account
$12 - Heritage Online Business internet Banking - Account Reconciliation$0.05
- Heritage Online Business internet Banking - Payroll and creditor batch payments - for each payment in a batch$0.05
- Inactive Account Administration Fee$20
- Overdraft Reference Fee$10
- Overseas ATM or counter withdrawals$5
- SMS Services$0.25
- Statements
For the second and subsequent statement issued during a month, or when a statement is issued on your account at your request at any time before the next statement issuing due date
$1 - Transaction listing
When a transaction listing between two given dates is issued on your account
$5
Other fees1
- Paper Based Statement Fee
Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge.
$3
Features
- Bank@Post facility available
- Electronic or physical statements available after 100 transactions, six months or on request
- Scheduled, periodic payments available
- Direct debit facility available
- Support for BPAY available
- Sweep facility available
- Visa emergency services available
- SMS services
Eligibility and limits
- Available to businesses
- Minimum balance $1
- Opening balance $100
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Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 16 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.