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Business / Online Banking & Digital Solutions / Compare NetBank and CommBiz - CommBank

At a glance

  • NetBank

    • An easy-to-use tool for managing your business and personal finances together
    • For smaller businesses whose finances are managed by the business owners
    • Works with the CommBank app so you can bank on the go

    Apply online for NetBank

  • CommBiz

    • Online business banking with state-of-the-art security features
    • Suits businesses whose finances are managed by multiple staff members or have a need for payment rules
    • Works with CommBiz Mobile so you can bank on the go

    Apply online for CommBiz

Security

Feature
NetBank
CommBiz
Loss Protection 
Security token
NetCode SMS or app notifications
Physical security token or eToken on CommBiz Mobile App

Making or receiving payments

Feature
NetBank
CommBiz
Transfers, BPAY and international money transfers
Yes
Yes
Import payment files
ABA
ABA, BPAY
Templates
Payables and receivables templates
Daily limit for transfers to unlinked accounts
Up to $250k1
No limit
Daily limit for international money transfers 
Up to $100K1
No limit

View transactions and statements

Feature
NetBank
CommBiz
Transaction history
24 months
25 months
View cheque images
-
Yes
Online statements
Up to 7 years
Up to 7 years

Manage your accounts and services2

Feature
NetBank
CommBiz
Business accounts and lending
Yes
Yes
Corporate cards
View transactions and statements
View transactions, statements and manage your Corporate card facility eg add new cardholders
Merchant statements
Available for sole traders and sole director companies only
Yes
BPAY biller reports
-
Yes
Direct debit
-
Yes

Sharing access with others

Feature
NetBank
CommBiz
Access for authorised signatories and cardholders
*Yes
If added as CommBiz Authoriser
Custom user permissions eg view only
-
Yes
Transaction authorisation rules
As per account authority
Multi-level custom Electronic Account Authority
Authorise 2-to-sign payments
When both signatories are together at the same time
Authoriser can log on to approve at their convenience

*Authorised Signatories do not have access to Corporate Card facilities via NetBank

CommBiz help

Things you should know

  • 1You can change your limits in NetBank or the CommBank app at any time. If you need a higher limit than you're able to set, call us on 13 2221. Limits above apply to relationship managed customers. If you don't have a relationship manager see your maximum limits here.

    2Product or services is required.

    As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on this advice. Terms and conditions issued by Commonwealth Bank of Australia. View our Financial Services Guide . If you have a complaint, the Bank's dispute resolution process can be accessed on 13 2221.