Help & support
No fees for online and card payments or withdrawals at any of our ATMs.1
Free business insight tools and accounting software sync.
We’ll protect you from losses due to unauthorised transactions on personal and business accounts when you take the necessary steps to stay safe online.
In-app messaging with our customer service team or virtual assistant, plus Australian based phone support.
Get a Business Visa Debit Card
Take payments on the go
Apply for a Smart Mini EFTPOS reader for quick, secure payments. Enjoy same-day settlement2 and a low 1.1% transaction fee.3
Business cash when you need it
Apply for a Business Overdraft in under 10 minutes. Link to your Business Transaction Account, with no regular fixed repayments.
All of these and more, tailored for businesses just like yours.
Get 20% off business nbn®, mobile and business phone systems for 12 months. Eligibility criteria and T&Cs apply.#
Expires 30 June 2025
Expires 31 July 2025
Whether you bank online or in a branch, we have an account that can help your business thrive.
Not sure how you'll do your banking? Switch between the options any time in NetBank and the CommBank app.
Online
May suit if you do most of your banking online.
In branch
May suit if you bank regularly in branch or at a post office.
or $10/month with 5 assisted transactions included (usually $5 each).
Plus no fees for deposits or withdrawals at any of our ATMs.1
Charges may apply for assisted transactions, cheques and Quick Deposits. See all rates and fees for additional transactions.4
The Business Transaction Account does not have credit interest.
It will take about 8 minutes5
If you’re a private company you'll also need to confirm your directors, beneficial owners or trustees and they'll need to confirm their details online.6
Prefer to open an account in person? Book an appointment at your nearest branch.
You can open an account online if you’re:
Your account will be set up as any-to-sign, which means any director you choose will be able to operate it. You can change this in branch.
Have at least one of these handy:
If your company is new to CommBank and not registered as a sole trader, Australian private company (Pty Ltd), a self-managed super fund or a partnership, you'll need to open your account in branch.
If you want to authorise others to operate your account, you'll also need to go to branch.
Check to see which documents you'll need to bring with you first.
We'll also ask you to show us some ID, so make sure you have your Driver's licence, Medicare card or Passport too.
Link it to your Business Online Saver and earn interest on your full balance.
Link a credit card for easy payments of your balance.7
Take payments wherever your customers are. Accept all major card schemes with an EFTPOS terminal, build an online store, or take online payments through your existing platforms.
* The Small Business Exceptional Everyday Account award was received in 2020-2024 for our Business Transaction Account - $0 monthly account fee option. For more information, visit mozo.com.au.
This information has been prepared without taking into account your individual or business needs and objectives. You can view the Terms and Conditions for Business Transaction and Savings Accounts, our Financial Services Guide and the Electronic Banking Terms and Conditions and should consider them before making any decision about these products and services. Bank fees and charges may apply.
1 Excludes non-Commonwealth Bank ATMs here and all ATMs overseas, EFTPOS transactions overseas, transfer group payments to third parties, international money transfers, CommBiz and NetBank service fees and separate services such as bank cheques, periodic payments and transfers/deposits to other banks. Wholesale relationship managed customers may be notified at any time that their account is subject to transaction fees on electronic transactions and Commonwealth ATM cash withdrawals.
2 Same day settlement is available on all EFTPOS transactions made before 9.30pm (Sydney/Melbourne time) and all eCommerce transactions made before 5:30pm (Sydney/Melbourne time) for eligible customers with a CommBank Business Transaction Account and a linked CommBank merchant facility.
3 1.1% covers Mastercard, Visa, AMEX, JCB, eftpos, and UnionPay transactions (additional costs may apply for all other cards). AMEX/JCB is subject to approval, available to eligible customers only. Eligibility criteria, terms and conditions apply. Please contact AMEX for more information on 1300 363 614, available weekdays 8am to 6pm Sydney time.
4 At the end of each month, the Bank will rank the following transactions in the following order and transaction fees will apply to transactions above the 5 threshold:
1. Quick Deposits - cash and cheque deposits
2. Cheque transactions
3. Assisted transactions
Cheque access may not be available in some circumstances. View our current Business Transaction and Savings Accounts Terms and Conditions for more information.
A full list of access fees for international transactions and withdrawals using a Business Visa Debit Card can be found in the Terms and Conditions for Business Transaction and Savings Accounts (PDF 396kb)
5 You can only open an account online if you're a new or existing customer who is either a sole trader, director of a private company (Pty Ltd), partner of a Partnership (up to 4 individuals) or trustee of a Self-Managed Super Fund (up to 6 individuals). You'll need to set up your business with us so we can verify your business details with ASIC. Once your beneficial owners and nominated directors have verified their ID (we'll email them instructions to do this online), you'll be able to open and start using your account. You'll be providing information to us on behalf of all related parties in accordance with our Privacy Policy - make sure you've got their permission to do so before you start. There may be instances when verification of your business and any other authorised account holders can take up to 48 hrs before your account can be operated.
6 If you’ve got other directors and/ or any beneficial owners, they will need to verify their ID online. A beneficial owner is an individual who owns 25% of the company; but if no-one does, controls 25% of the company; but if no-one does, exercises control by way of making key financial or operational decisions, like a CEO. We'll get you to confirm their details so we can email them instructions to do this. Once they've completed this, you'll be able to open and start using your account.
7 Applications for finance are subject to the Bank's normal credit approval. Full terms and conditions are included in our Letter of Offer. Bank fees and charges may apply. This advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances. Applications are subject to the Bank's normal credit approval. Fees and charges are payable.
# Offer of 20% off a More business nbn® plan, SIM-only mobile plan, mobile broadband plan and/or business phone plan for 12 months is for customers who sign up to either a 24-month contract or month-month contract option by 30 June 2025 and use a CommBank Debit or Credit card as their online bill payment method. Offer does not apply to other More services, including Business Ethernet, Enterprise Ethernet NBN or Business Fibre 1000. Offer cannot be used in conjunction with any other offers or discounts. 12 months is a promotional period commencing on the day your eligible service is activated. After 12 months, the cost of your plan will revert to the Recommended Retail Price (RRP) current at that time. You must continue to have your CommBank credit or debit card registered as the online bill payment method on your account. If you change your online bill payment method to a non-CommBank card, you will forfeit all discounts available with this offer. Access to the offer will be revoked with effect from the following month, with the cost of your plan reverting to the RRP current at that time. The RRP of More plans are subject to change in accordance with More’s terms of service. If you take up this offer on a month-to-month contract, you are free to cancel at any time without charges, but cancelling your service within the 12 month promotional period will forfeit any remaining months discounted at 20% off. Offer applies to monthly plan fees only and does not apply to any hardware charges not included in the plan, hardware installation charges, nbn® New Development Fee or New Copper Pair charges or any fees for services or usage outside of plan inclusions.
^ Eligibility criteria apply. Visit offer for full terms and conditions.
∼ New or upgrading customers only. Discount valid for the first 12 months.
This page offers links to other third party websites that may be of interest to CommBank website visitors. When you click on these links you will leave CommBank and will be directed to another site. These sites are not under the control of Commonwealth Bank of Australia.
Offers presented are from third party websites and may be varied or withdrawn at any time, without the control of Commonwealth Bank of Australia. Offers will also be subject to their own Terms and Conditions.
The target market for these products will be found within the product’s Target Market Determination, available here.
Apple, the Apple logo, Apple Pay, Apple Watch, MacBook Pro, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Google Pay, the Google Pay Logo, Google Play and the Google Play logo are trademarks of Google Inc. Samsung, Samsung Pay, the Samsung Logo are trademarks of Samsung Inc.
Daily IQ is a separate insights tools for general informational purposes only. Daily IQ draws information from different data points and sources, and as such results and insights may vary between the tools. Insights may not necessarily have regard to your business, financial situation or needs. You should, before acting on insights provided by Daily IQ, consider their appropriateness to your circumstances. Visit Daily IQ for more information.
From time to time the Bank may allow some transactions or payments to go through by making funds temporarily available for eligible customers. By utilising the overdraw feature, you may incur an Overdraw Fee of $15 per account, per day an overdrawing transaction or payment occurs. For each day your account remains overdrawn, Excess Debit Interest will be applied. For more information, please view What happens when you overdraw your business account?
The overdraw feature is offered at the Bank’s discretion. The account may also become overdrawn if a merchant completes an offline or unauthorised payment.
