Thriday Business Bank Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $3.5
- Overseas transaction fee of transaction value
- 3.5%
Our verdict
Thriday offers a business bank account and Visa Debit card with no monthly account keeping fees.
This account could suit you if you’re a small business or sole trader who does most of your banking online and wants support managing your different business expenses.
You can open up to 9 business bank accounts to help you budget effectively and manage your cash flow. For example, you can have separate accounts for daily expenses, tax, GST and invoices. Plus, you can use the linked Visa Debit card for day-to-day transactions.
The Thriday platform offers a range of extra tools to help automate your tax and GST obligations and make invoicing easier, however these are only available under a subscription which attracts a monthly fee of $29.95.
You also should keep in mind that Thriday doesn’t offer any bank branches, so if you prefer to do your business banking in person it may not suit you. However, you can deposit cash at participating Australia Post offices.
Thriday bank accounts and Visa Debit cards are issued by Regional Australia Bank. Your deposit up to $250,000 with Thriday is covered by the Financial Claims Scheme under Regional Australia Bank's licence.
Pros
-
No monthly fees or minimum balance requirements for the bank account
-
Open up to 9 business bank accounts
-
Complimentary Visa Debit card
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Automate bill payments
Cons
-
Currently only available to sole traders
-
Access to invoice and accounting tools attracts a $29.95 monthly subscription fee
Details
Key details
| Product Name | Thriday Business Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | $3.50 |
| International transaction fee | 3.5% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay |
Eligibility
| Minimum Age | 18 |
| Joint account availability | No |
| Minimum opening deposit | N/A |
Your reviews
Alison Finder
Editor
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