Product details
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.
This account is a dedicated business transactions account and is not for personal use. If you’re looking for a personal transaction account, you can take a look at the CUA Everyday Account.
- Product Name
- CUA Everyday Business Account
- Monthly Account Fee
- $0
- Debit Card Access
- Visa
- ATM Withdrawal Fee
- $0
- Interest Rate p.a.
- 0.01%
- Overseas ATM Withdrawal Fee
- $3.50
- Phone Banking
- Yes
- Fees
- $0
- Internet Banking
- Yes
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.
Linked Visa Debit Card
This account comes with a free linked Visa Debit Card that you can use online or in-store wherever Visa is accepted throughout the world.
Access your account online or via an app
You can access your CUA Everyday Business Account online with Internet banking or on the go with the mobile banking app.
Unlimited free online transfers
Make unlimited, free transfers from your account using Internet banking or mobile banking.
Fees apply to international transactions
When using your Visa Debit Card overseas an international transaction fee applies. This fee also applies to purchases made online in Australia from overseas merchants.
Deposit money at Australia Post
Take advantage of Bank@Post to deposit cash into your account at any participating Australia Post stores. This is helpful when you don't live or work near a local CUA branch.
Access more than 10,000 ATMs for free
You can use your Visa Debit Card at any CUA, Westpac, CBA, ANZ or NAB ATM within Australia to withdraw money for free. A withdrawal fee of $1.50 applies when using rediATMs.
Samsung Pay, Google Pay and Apple Pay available
You can add your CUA Everyday Business Account Visa Debit Card to Samsung Pay, Google Pay or Apple Pay to start making secure contactless payments on the go with your phone.
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 CUA’s network
- International transaction fee applies for overseas purchases
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.
Documentation needed
- Business details. You will need to have your business ABN or ACN handy as well as the Australian address for your business.
- Contact details. You'll need to provide your personal and contact detail as part of the application.
- Identification. New CUA customers will need to provide two forms of ID, including an Australian passport, a driver's licence or a Medicare card.
How do I apply for a debit card?
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