Standard Business Cheque Account - Interest Bearing Option

Transaction accounts that pays interest above minimum balances.
Category: Transaction & Savings Accounts  Last Updated June 3, 2026  Effective June 3, 2026

 General Lending Rates

Rates listed below are for a VARIABLE product. Additional Information For each day your account remains overdrawn, Excess Debit Interest will be applied. This does not apply to accounts with an overdraft limit.
Interest Rate
16.43% PA
Comparison Rate
0.00%PA*
Product rates will vary depending upon your financial position< LVR, and other criteria. The product may also vary depending upon the rate type, repayment type, or loan purpose. We encourage you to contact us for a full understanding of the product and terms.
Product Variations
Product rates and conditions will usually vary based on the LVR and other conditions..
  BALANCE
Maximum: 0.00
  • Lending Rate Type: Variable
  • Interest Rate: 17.43%, Comparison Rate 0.00%
  • Repayment Type:
  • Loan Purpose:

 Product Features

  • Card Access Additional Information: Access your own business funds to pay bills and suppliers online, over the phone or in person.
  • Other Additional Information: Streamline your business banking and save time with automatic data feeds from your online banking to your accounting software.
  • Npp Payid Additional Information: Rather than wait hours or days for payments from another bank to clear, receive money almost instantly, so you know exactly where your business stands financially.
  • Bill Payment Additional Information: See, track and easily pay your bills online in NetBank or on the go in the CommBank app.
  • Other Additional Information: Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.
  • Other Additional Information: Obtain Cheque Books.
  • Digital Banking Additional Information: Regardless of your business structure and needs, we have an online banking solution that will suit you.
  • Other Additional Information: Your free business insights tool available in CommBiz and NetBank.
  • Npp Enabled Additional Information: Pay and receive payments in realtime.
  • Overdraft Additional Information: You may apply to establish an overdraft limit on an eligible account. Applications are subject to our normal credit approval.
  • Other Additional Information: Use QR Cardless to withdraw cash or deposit notes, coins and cheques (subject to product eligibility) by using the latest version of the CommBank app to scan a QR code at a compatible CommBank ATM.
  • Other Additional Information: Relationship managed

 Product Eligibility

  • Business
  • Other Additional Information: To be eligible you need to have a valid ABN, ACN, or an association created and operating in Australia. Further Eligibility depends on your specific organisation structure. Please see CommBank website below for more information.
  • Other Additional Information: Relationship managed clients only.

 Bank Fees and Charges

  • Coin Handling Fee (Transaction), Amount: Not Listed.. Additional Information: The coin handling is 1% of the total value of the coin component of all deposit and withdrawal transactions, where the total value of coins handled exceeds $1,000 per day. This fee is debited on the day the transactions are processed. This fee does not apply to deposits made via QuickCash envelopes.
  • Dishonour Fee (Event), Amount: 5.00. Additional Information: $5 per payment. Charged to the account, due to insufficient available funds, when we are unable to debit the account.
  • Note Handling Fee (Transaction), Amount: Not Listed.. Additional Information: The note handling is 0.25% of the total value of the notes component of all deposit and withdrawal transactions, where the total value of notes handled exceeds $50,000 per day. This fee is debited on the day the transactions are processed. This fee does not apply to deposits made via QuickCash envelopes.
  • Paper Statement Fee (Event), Amount: 5.00. Additional Information: A paper statement fee applies if you request a paper copy of an account statement at any time.
  • Overdraw Fee (Event), Amount: 15.00. Additional Information: A fee charged when you exceed the available funds in your account or any agreed overdraft limit on a given day. Additional interest may apply on overdrawn amounts.
  • Monthly Account Fee (Periodic), Amount: 5.00. Additional Information: Calculated at the end of each month and charged to your account on the first day of the following month.
  • Access Fee - Overseas Transactions (Withdrawal), Amount: Not Listed.. Additional Information: Any other cash withdrawal overseas: AUD $5 plus 3.5% of the transaction value.
  • Access Fee - Overseas Transactions (Withdrawal), Amount: 5.00. Additional Information: Any other cash withdrawal overseas: AUD $5 plus 3.5% of the transaction value.
  • Access Fee - Overseas Transactions (Purchase), Amount: Not Listed.. Additional Information: Maestro (EFTPOS) or Visa Debit Card or Debit MasterCard purchase in Australian dollars: 3.5% of the transaction value.
  • Access Fee - Overseas Transactions (Purchase), Amount: Not Listed.. Additional Information: Maestro (EFTPOS) or Visa Debit Card or Debit MasterCard purchase in foreign currency: 3.5% of the transaction value.
  • Withdrawals Or Transfers Made Via Telephone Banking Using An Operator (Transaction), Amount: 5.00. Additional Information: Withdrawals or transfers made via telephone banking using an operator.
  • Commbank Atms Outside Australia (Withdrawal), Amount: 2.00. Additional Information: The fee is charged to the account at the time of the withdrawal. This fee may be charged for each withdrawal you make through ATMs and Maestro, Cirrus, MasterCard or Visa Plus networks outside Australia.
  • Assisted Transactions (Withdrawal), Amount: 5.00. Additional Information: Withdrawals made over the counter at a Commonwealth Bank branch, Australia Post office or private agency (including EFTPOB/Bank@Post).
  • Cheques Transactions (Transaction), Amount: 5.00. Additional Information: Cheques written by you and negotiated through the clearing system.
  • Assisted Transactions (Transaction), Amount: 5.00. Additional Information: Cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch.
  • Assisted Deposits (Deposit), Amount: 5.00. Additional Information: Deposits made over the counter at a Commonwealth Bank branch, Australia Post office or private agency (including EFTPOB/Bank@Post).
  • Quick Deposits (Deposit), Amount: 10.00. Additional Information: Deposits made via the Quick Deposit Box or QuickCash envelope banking.
  • Cheque Transactions (Deposit), Amount: 5.00. Additional Information: Cheques deposited to your account (including cheques deposited via Quick Deposits or QuickCash envelope banking).
  • Electronic Transactions (Transaction), Amount: 0.00. Additional Information: Customers with a Business Cheque Account are entitled to electronic transactions. Please note Access, CommBiz and NetBank Service Fees may apply.

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