BUSINESS TRANSACTION FREE

If you're new to CommBank business banking and either a sole trader or a director of a private company, you can open an account online in around 10 minutes. If you're a foreign entity you'll need to contact the bank directly (in branch or by calling 13 19 98) to see what details are required. For domestic businesses you should have your ABN or ACN. You can open this account at 16 years old with a signatory. You must be at least 18 years old to apply for this account online. You will be redirected to the Commonwealth Bank website where you can find out more about the account and complete an online application.Д«efore you apply, make sure you meet the following eligibility requirements: If the Commonwealth Bank Business Transaction Account sounds like it has all the features you're looking for in a business account, click on one of the 'Apply now' links on this page. It's quick and easy to apply for an account online, with the application process taking around 10 minutes. This second account allows you to earn a competitive interest rate on balances of $10,000 or more. You also have the option of combining your Commonwealth Bank Business Transaction Account with a Business Online Saver for no additional cost. You can manage your money at any time through NetBank, CommBiz, the CommBank app and ATM and phone banking services. A $10 monthly account fee option is also available. $0 Monthly account feeДЄ $0 monthly account fee is available with the Commonwealth Bank Business Transaction Account when selecting this fee option. The Commonwealth Bank Business Transaction Account comes with a Business Visa debit card, providing simple and convenient access to your funds wherever Visa is accepted.

BUSINESS TRANSACTION FREE

There is no minimum balance requirement on this account, meaning you are free to focus your attention on your business rather than maintaining a specific amount in your account. You can switch between these account options at any time in NetBank, by calling the Business Banking Services team available 24/7 or visiting a branch.

If you switch to the $10 monthly fee option, the account provides 20 free CommBank staff-assisted transactions per month. Instead, there's a $3 fee for each assisted transaction you make. You don't get any free staff-assisted transactions with the Commonwealth Bank Business Transaction Account ($0 monthly fee option). This ensures convenient and easy access to your money whenever you need. The Commonwealth Bank Business Transaction Account features unlimited CommBank electronic transactions and CommBank ATM cash withdrawals with no transaction fees. This gives you greater control over the cash flow of your business no matter where you are. Integration with MYOB and Xero means you can streamline accounting by allowing you to send online transaction data with CommBank's NetBank.Д¬ommBank provides free, real-time alerts in NetBank and via the CommBank app to let you know when your account balance is low or high, or when you've been paid. Not only does this make it easier to keep track of your business transactions at tax time, but it also ensures that you can easily monitor your business's cash flow at all times through NetBank. The Commonwealth Bank Business Transaction Account separates your business finances from your personal accounts. Or, you can keep the $0 monthly fee option and pay a small fee each time you make a staff-assisted transaction. If you need to make a lot of transactions in branch, you can switch to this account option at any time via NetBank, over the phone or heading into a branch. This account has a $10 monthly fee option which includes 20 staff-assisted transactions per month. However, fees do apply when making assisted transactions in a bank branch. This account charges no monthly account keeping fee and offers unlimited free electronic transactions.

Business transaction