Business Transaction Account.

The easy way to keep your business finances under control.

Key benefits.

Tiered interest rates, calculated daily, paid monthly.

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No minimum opening or ongoing balance requirements.

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No monthly account keeping fees.

Features.

  • Visa debit cards
  • InternetMobile and Telephone Banking
  • Batch banking options
  • Cheque book facility
  • eStatements, so all banking records are automatically securely stored
  • A number of free transactions, so more of your money is spent on your business not fees.

Interest rates, fees and charges.

Rates
$0 - $19,999 0.01% p.a.
$20,000 + 0.05% p.a.
Fees that don't apply
Monthly Account Keeping Fee Free
Direct Credits Free
Branch over the counter cash deposits Free
ATM withdrawals^ Free
Visa purchases Free
Osko/PAY ID Fee Free
BPAY performed using Internet, Mobile or Telephone Banking Free
Transfers using Mobile Banking Free
Transfers between accounts with us using Internet Banking or the Account Information Line and addressed by BSB and account number Free
Fees that apply
Transaction Fee each
Eftpos purchases (inc. with or without cash out) $0.90
Visa purchases with cashout $0.90
Personal cheque withdrawals $1.00
Branch over the counter cash withdrawals or cheque encashment $3.00
Staff-assisted transfers & BPAY payments* $3.00
The following transactions are not included in the Business Banking Fee Allowance and are charged at the end of the month.
Transaction Fee each
Internet Banking external batch payment per transaction in the batch $0.20
Direct Debits $0.50
Transfers between accounts with us using Internet Banking or the Account Information Line and addressed by PayID $1.00
Transfers to accounts at another financial institution using Internet or Mobile Banking $1.00
Electronic external periodic payments $1.50
Bank@Post withdrawals $3.50
Bank@Post deposits $1.00
Cheque deposits (per item) $0.60
Declined EFTPOS or Visa Debit transactions~ – one free per relationship per month then: $0.40
Visa Debit card or rediCARD overseas ATM withdrawals $4.50
Foreign Currency Conversion Fee 3.0% of the value of the transaction

View our Fees and Charges Guide for the full details of other transaction and service fees that may apply.

Business Banking Fee Allowance.

(Only applies to Business Account)

Each Business Membership you have with us is allocated a monthly Business Banking Fee Allowance for most transaction types conducted on the accounts.

The amount of your monthly Business Banking Fee Allowance depends on your Business Banking Portfolio Value at the end of the last day of the previous month as follows:

 
Business Banking Portfolio Value Business Banking Fee Allowance
$100,000 or more $40
$40,000 to $99,999 $35
Less than $40,000 $20

How to apply.

Talk to one of our Business Banking specialists today. 

Who can apply?

The Business Transaction Account is available to business customers. When you acquire this product you will automatically become a member of Beyond Bank Australia and become a part-owner of the bank.

More banking solutions.

Paying GST?

Stay on top of your payments with Beyond Bank’s Business GST Payment Account. This account helps businesses to manage their GST payments, separately to their everyday transactions.
Find Out More

Save more with our online savings account.

Choose our high-interest monEsaver Account for our highest interest rates.
Find Out More

Payment solutions for your business.

 Whether you have a bricks and mortar presence, or you’re e-commerce based, we have a payment solution for you.
Find Out More

^Withdrawals and enquiries at Australian and overseas ATMs may incur an ATM operator fee charged by the ATM operator.

Interest rates are current as at 16/06/2020.

Interest is calculated daily on the whole balance and paid monthly.

~A declined transaction occurs in the following circumstances:

  1. Insufficient funds in the account
  2. Incorrect Personal Identification Number (PIN) entered; or
  3. Number of PIN tries exceeded.

Before acquiring the product, you should consider if it is right for you. For full terms, conditions, fees and charges please view our Financial Services Guide, Product Guide and Fees and Charges Guide. These guides are available upon request, can be viewed on our website and will be provided at the time of acquiring the product. Interest rates are subject to change without notice.

This information has been provided without taking into account any of your objectives, financial situation or needs. Before acquiring any products you should read the relevant guides to decide if a product is right for you. 

All loans are provided by Beyond Bank Australia Ltd ABN 15 087 651 143 AFSL/Australian Credit Licence 237856. © 2020.

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