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CUA Everyday Business Account

Alison Banney
Alison Banney
Last updated:  

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

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.

$0

Account keeping fee

$0

ATM withdrawal fee

$4.5

Overseas ATM withdrawal fee

2.95%

Overseas transaction fee

of transaction value

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Details

Product NameCUA Everyday Business Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
Internatonal ATM Fee$4.50
International transaction fee2.95%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Samsung Pay

Expert review

Alison Banney

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

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 CUA 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 CUA 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.

Key features

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.

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2 Comments

    Default Gravatar
    joandodd
    December 20, 2018

    How do I apply for a debit card?

    Reply
      Avatarfinder Customer Care
      May
      December 21, 2018

      Hi Joandodd,

      Thanks for getting in touch.

      Are you in 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 as a debit card. You can process your application through CUA main page. Please refer though to the ‘How to apply’ tab above to see the eligibility requirements.

      In the meantime, if you’re looking for a personal debit card, you can compare you options on this page. 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

      Reply
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