In this guide

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

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Commonwealth Bank Business Transaction Account
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Overseas transaction fee of transaction value

Our verdict

Save time and easily manage cash flow with a Commonwealth Bank Business Transaction Account.

The Commonwealth Bank Business Transaction Account has a $0 monthly account fee option and includes unlimited free electronic transactions. However, you’ll need to pay a $3 fee for each staff-assisted transaction you make in branch.

If you regularly need to make deposits or withdrawals in branch, you can switch to the $10 monthly account fee option instead (such as via NetBank) which also includes unlimited free electronic transactions as well as 20 staff-assisted transactions. Being able to choose between the two fee options means you’re not paying for something that you don’t use, which is great.

You can also integrate your account with Xero or MYOB to easily import your transaction data from NetBank and help manage your accounting.


  • Fee-free transactions
  • Real-time alerts
  • $0 opening balance
  • Unlimited electronic transactions


  • Available for businesses only

In this guide

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

The Commonwealth Bank Business Transaction Account allows you to separate your business and personal bank accounts in NetBank, track your business transactions and conveniently monitor your business’s cash flow. The account provides several simple ways to access your funds, including unlimited electronic transactions and a Business Visa debit card to use in stores or online. This account has no monthly account fee, however there are fees to make assisted transactions in branch.


Key details

Product Name Commonwealth Bank Business Transaction Account
Monthly account fee $0
Card access Visa
Own network ATM fee $0
International ATM Fee $5 + 3%
International transaction fee 3%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay


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

Key features

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$0 monthly account fee

This account charges no monthly account keeping fee and offers unlimited free electronic transactions. However, fees do apply when making assisted transactions in a bank branch. This account has a $10 monthly fee option which includes 20 staff-assisted transactions per month. 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. Or, you can keep the $0 monthly fee option and pay a small fee each time you make a staff-assisted transaction.

Account management

The Commonwealth Bank Business Transaction Account separates your business finances from your personal accounts. 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.

MYOB and Xero integration

Integration with MYOB and Xero means you can streamline accounting by allowing you to send online transaction data with CommBank's NetBank.

Compare other CommBank business products

How to apply

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. You will be redirected to the Commonwealth Bank website where you can find out more about the account and complete an online application.


Before you apply, make sure you meet the following eligibility requirements:

  • Minimum age. You must be at least 18 years old to apply for this account online. You can open this account at 16 years old with a signatory.
  • Business requirements. For domestic businesses you should have your ABN or ACN. 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.

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. However, if you cannot be identified, or you are not a sole trader or a director of a private company, you'll need to visit your nearest CommBank branch to apply.

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Gemma Donnellan

June 26, 2023

Question about the International Transaction Fee of 3%. Does this mean if you order something on-line from overseas you pay an extra 3% of that transaction amount to the bank. Or does this mean if you are physically overseas and purchase something they will charge you 3%? Hope that makes sense.

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Alison Banney Finder

June 27, 2023

Hi Gemma,

This fee applies whenever a currency conversion is required – including both purchases made overseas, and purchases made online when a currency conversion is required. Yes, the fee is an additional 3% of the transaction value.



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