In this guide

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

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Great Southern Bank Everyday Business Account
Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$4.5
Overseas transaction fee of transaction value
2.95%

Our verdict

A transaction account for your day-to-day business spending with no account-keeping fees

This account is designed for your day-to-day business spending. It charges no monthly account keeping fee, which isn’t very common for a business account. You can make unlimited free electronic payments using Internet or mobile banking as well as BPAY.

You can also go into a Great Southern Bank branch if you need help making a transfer or to withdraw money, but there is a small fee for this. If you don’t live or work near a Great Southern Bank branch, you can also make deposits into the account at an Australian Post Office using Bank@Post. Making deposits with Bank@Post is free, however there is a $3 fee to make withdrawals.

You also have the option of adding a commercial overdraft facility to this account, which could come in handy to help manage cash flow.

Pros

  • Overdraft available
  • No account-keeping fees
  • Apple Pay, Google Pay and Samsung Pay available
  • Bank@Post available

Cons

  • Withdrawal fees apply to some ATMs outside Great Southern Bank’s network
  • International transaction fee applies for overseas purchases

In this guide

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

This is a convenient everyday account to manage your business’s daily expenses. The account charges no monthly fees and offers an overdraft if needed to better manage your business cash flow.

Details

Key details

Product Name Great Southern Bank Everyday Business Account
Monthly account fee $0
Card access Visa
Own network ATM fee $0
International ATM Fee $4.50 + 2.95%
International transaction fee 2.95%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay, Samsung Pay

Eligibility

Minimum Age 18
Joint account availability No
Minimum opening deposit $1

Key features

Picture not described

No account-keeping fees

This account comes with no monthly account-keeping fees, so you can use every dollar in the account for your business.

Overdraft available

You can choose to add a commercial overdraft facility to this account for times when you need a bit more cash than what's currently available in your account. This can help manage your cash flow.


How to apply

If you're ready to apply for this account, make sure you meet the eligibility criteria and have the necessary documents ready.

Eligibility

  • Business use only. This account is for business owners, sole traders, partnerships or trusts only and is not for personal use.
  • Residency requirements. Your business must be registered in Australia and registered with the ATO.

Your reviews

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Ask a question

Ask a question
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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Avatar

ange

June 13, 2023

hi, how much does it cost or what fee is there if you do over the counter cash deposit or withdrawl at your branches? also can you deposit cash at a great southern atm,if yes , can you do it at any other associated banks and are fees involved in doing so.

thanks

ange


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Sarah Megginson Finder

July 13, 2023

Hi Ange, Branch cash withdrawals are free on all personal bank accounts, however a $2 charge applies per withdrawal transaction on the Everyday Business account.


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Roz

August 31, 2021

What fees can I expect when depositing and withdrawing using Bank@Post?


Avatar

Alison Banney Finder

September 05, 2021

Hi Roz,


There’s no fee when depositing money using Bank@Post. However, you will need to pay a $3 fee if you need to withdraw money using Bank@Post.

I hope that helps.


Regards,

Alison


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Joandodd

December 20, 2018

How do I apply for a debit card?


Avatar

May Finder

December 20, 2018

Hi Joandodd,


Thanks for getting in touch.


Are you interested in applying for a debit card for business with CUA? If so, this CUA Everyday Business Account is linked to a Visa card that works like a debit card. You can process your application through CUA main page. Please refer though to the ‘How to apply‘ section above to see the eligibility requirements.


In the meantime, if you’re looking for a personal debit card, you can compare your options using our comparison table. Please check the features and terms and conditions of the account before applying. When you’ve chosen an account and wish to apply, please click on the ‘Go to site’ button to be redirected to the bank’s main website and apply from there.


Hope this has helped.


Cheers,

May


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