Society Cheque Account

 General Lending Rates

• 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.

• Other Additional Information: Access a range of travel benefits through Travel Booking (provided by Hopper) for eligible customers.

• Digital Banking Additional Information: Regardless of your business structure and needs, we have an online banking solution that will suit you.

• Other Additional Information: No monthly account fee means one less expense and more money raised going towards those you are helping.

• Npp Enabled Additional Information: Pay and receive payments in realtime.

• Other 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: If you have a Business Transaction Account or a Society Cheque Account and you do not want us to honour payments which will cause that account to become informally overdrawn, you can request that we disable this overdraw feature on your account.

• 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: The standard statement cycle of Society Cheque Account is every four months.

• Unlimited Txns Additional Information: CommBank over-the-counter and electronic transactions are free, so you can direct more funds to what matters most. 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.

 Product Eligibility

• Min Age - 16. Additional Information: A minor under the age of 16 years old cannot open or be a signatory to a non personal account. They can only be a signatory if there is at least one adult signatory, i.e. a person over 18 years old, and the method of operation for the account is at least one adult must sign each transaction.

• Other Additional Information: Check you're an eligible organisation or association. If you're not, see our other business accounts.

 Bank Fees and Charges

• Dishonour Fee (Event), Amount: 5.00. Additional Information: Charged to the account, due to insufficient available funds, when we are unable to debit the account.

• 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.

• 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 (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 With Operator Assistance (Transaction), Amount: 0.00. Additional Information: Withdrawals or transfers made via telephone banking using an operator.

• Commbank Atms Outside Australia (Withdrawal), Amount: Not Listed.. 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: 0.00. 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: 0.00. Additional Information: Cheques written by you and negotiated through the clearing system.

• Assisted Transactions (Transaction), Amount: 0.00. Additional Information: Cheques drawn on your account and cashed over-the-counter at any Commonwealth Bank branch.

• Assisted Deposits (Deposit), Amount: 0.00. 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: 0.00. Additional Information: Quick deposit box & Quickcash envelopes.

• Cheque Transactions (Deposit), Amount: 0.00. 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 Society Cheque Account are entitled to electronic transactions. Please note Access, CommbBiz and NetBank Service Fees may apply

• Monthly Account Fee (Periodic), Amount: 0.00. Additional Information: No monthly account keeping fees.

 Document Downloads

  adb2916.pdf (450 K)
  societychequeaccount-tmd.pdf (187 K)
  electronicbanking-adb2426.pdf (869 K)