In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
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Thriday Business Bank Account

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Thriday Business Account
Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$3.5
Overseas transaction fee of transaction value
3.5%

Our verdict

Thriday offers a business bank account and Visa Debit card with no monthly account keeping fees.

This account could suit you if you’re a small business or sole trader who does most of your banking online and wants support managing your different business expenses.

You can open up to 9 business bank accounts to help you budget effectively and manage your cash flow. For example, you can have separate accounts for daily expenses, tax, GST and invoices. Plus, you can use the linked Visa Debit card for day-to-day transactions.

The Thriday platform offers a range of extra tools to help automate your tax and GST obligations and make invoicing easier, however these are only available under a subscription which attracts a monthly fee of $29.95.

You also should keep in mind that Thriday doesn’t offer any bank branches, so if you prefer to do your business banking in person it may not suit you. However, you can deposit cash at participating Australia Post offices.

Thriday bank accounts and Visa Debit cards are issued by Regional Australia Bank. Your deposit up to $250,000 with Thriday is covered by the Financial Claims Scheme under Regional Australia Bank's licence.

Pros

  • No monthly fees or minimum balance requirements for the bank account
  • Open up to 9 business bank accounts
  • Complimentary Visa Debit card
  • Automate bill payments

Cons

  • Currently only available to sole traders
  • Access to invoice and accounting tools attracts a $29.95 monthly subscription fee

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name Thriday Business Account
Monthly account fee $0
Card access Visa
Own network ATM fee $0
International ATM Fee $3.50
International transaction fee 3.5%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay

Eligibility

Minimum Age 18
Joint account availability No
Minimum opening deposit N/A

Key features

Quick account set-up

You can set up an account quickly and easily online without needing to visit a branch. There's no paperwork required.

No monthly fees

There are no monthly account-keeping fees attached to this business account, and no minimum balance requirements to meet.

Open multiple bank accounts

You can open up to 9 bank accounts to help you manage your business cashflow and budget for different things, such as staff pay, tax, super, GST and daily expenses. These accounts offer open banking data sharing.


How to apply

The Thriday Business Account is currently only available to sole traders. If you're a company, partnership or trust you can join the waitlist to be notified when you're able to create an account.

Eligibility

  • Minimum age. You must be at least 18 years old.
  • Australian citizen or permanent resident. You must be an Australian citizen or a permanent resident.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
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Alison Finder

Editor

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