In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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Prospa Business Account

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Prospa Business Account
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee

Our verdict

This is a business bank account with no monthly fees or minimum balance requirements, and a complimentary Prospa Visa Business Debit Card.

This account could suit you if you’re a small business, sole trader or business owner and do most of your banking online. This business account has no monthly fees, no ongoing deposit requirements and no minimum balance requirement making it ideal for smaller businesses.

However, if you appreciate the option of assistance at any hour of the day or even just on the weekends, you should keep that in mind as Propsa’s support team is only available 9am-6pm Monday to Friday.

This account is also currently lacking a few features that other business accounts offer, including an overdraft facility, Xero integration and invoice and expense management tools. However Prospa says these features are all on the way and will be available soon.


  • No monthly fees or minimum balance requirements
  • Mobile app
  • Complimentary Prospa Business Visa Debit card
  • Schedule payments in advance
  • Apple Pay and Google Pay available


  • Overdraft facility currently unavailable
  • Support team not available 7 days a week (only available 9am-6pm Monday- Friday AEST)
  • Xero integration currently unavailable

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert

The Prospa Business Account is designed to help Australian small businesses manage their business expenses and everyday transactions. This account has no monthly fees or minimum balance requirements, the option to schedule payments and a mobile app to access your account 24/7. The account comes with a complimentary Prospa Business Visa Debit card which is accepted anywhere that takes Visa, plus Google Pay and Apple Pay are available.


Key details

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


Minimum Age 18
Minimum opening deposit N/A

Key features

No monthly fees

There are no monthly account-keeping fees attached to this business account.

No monthly minimum deposit or ongoing balance requirement

There are no monthly minimum deposits attached to this business account, and you don't need to maintain a minimum balance.

Deposit funds easily

You can deposit funds into the account easily using your BSB and Account Number.

Real-time payments

You can make real time payments to other bank accounts with different banks as well as make BPAY payments.

How to apply

The Prospa Business Account is available to business owners, sole traders, partnerships and trusts and is not available for individual personal use. Applying for this account online takes around 5 minutes.


  • Minimum age. You must be at least 18 years old.
  • Australian citizen or permanent resident. You must be an Australian citizen or permanent resident.
  • Business requirements. You must be the owner or director of the business, and you will need to provide a valid ABN or ACN number.

Your reviews

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