Commbank Business Account is your everyday business bank account, now with a $0 Monthly Account Fee option. You could open one online in minutes. Take a look | Apply now
Commbank Business Account ranges
Business Transaction Account
- An everyday bank account with a linked Business Visa debit card – separating business from personal spending
- Switch between $0 and $10 monthly account fee options depending on how you use your account. With flexibility to switch between the two options at any time
- Sync with your business accounting software e.g. MYOB, Xero
- Set up customised alerts to help you stay on track
- Add your card to Apple Pay, Google Pay, Samsung Pay
See our Business Transaction Account
Business Online Saver
- Online only account
- Link to your Business Transaction Account
- Earn interest on a full balance of $10,000 or more
- No minimum deposit or withdrawals
Term Deposit Account
- Lock in savings at a competitive rate
- Invest $5,000 or more
- Choose a fixed term to avoid market fluctuations – anything from 1 month to 5 years
Specialised accounts if you’re:
- A primary producer wanting to set aside pre-tax income as a tax reserve. Take a look at our Farm Management Deposit account
- A not-for-profit or community organisation. Explore our Society Cheque Account
Documents you need to open a business account
Take the right documents to a branch with a small business specialist to get your account set up soon as possible.
Follow these simple steps
- Choose the checklist that matches your business structure
- Find out who needs to visit a branch with ID
- Take your documents to a branch with a small business specialist
Choose the checklist for your business
Sole trader
- A person trading in their own name or a registered business name
- The person legally responsible for all aspects of the business.
Australian domestic proprietary company
- Registered with the Australian Securities and Investments Commission
- Issued with an Australian Company Number
- Not registered with the Australian Stock Exchange or another stock exchange in Australia
Australian domestic proprietary company checklist
Partnership
- A partnership is a legal relationship between two or more people or organisations with a view to make a profit
- A partnership may have a registered business name and an Australian Business Number
- A regulated partnership is regulated by and a member of a professional association
Australian listed public company
- Registered with the Australian Securities and Investments Commission
- Issued with an Australian Company Number
- Listed on the Australian Stock Exchange
Australian listed public company checklist
Regulated trust
- A registered managed investment scheme or
- An unregistered managed investment scheme (that only has wholesale clients and doesn’t make small-scale offerings) or
- A government-managed superannuation fund or a superannuation fund registered and regulated by APRA
Unregulated trust
- An unregulated trust is not regulated by a government or regulatory body. E.g. Unit trust, family trust, deceased estate, managed fund
Self-managed superannuation fund
- A self-managed superannuation fund is one that is registered and subject to regulatory oversight by the Australian Tax Office
Self-managed superannuation checklist
Association
This checklist covers incorporated bodies, unincorporated bodies and associations.
- An association is created by a group of people for a common purpose. E.g. a sporting club
- An incorporated body is created when a group of people formally register or incorporate their association as a separate legal entity under state or territory legislation
- An unincorporated body or association is one that hasn’t formally been registered or incorporated with a relevant body
Next steps
- Make sure you know who else needs to visit a branch with ID
- Take your ID and documents to a branch with a small business specialist
Business type not listed?
Go into a branch with a small business specialist and they’ll help you with your documents.