Business Bank Account Comparison

Business banking is made cheaper and easier with a great everyday account ‚ one that has the features you need and none of the fees you don't. Compare small business accounts in seconds for the best deal on rates, fees and flexibility.

Page last updated January 20, 2019

Business bank account comparisons on Mozo - rates updated daily Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.

  • Business Everyday Account

    $0 Monthly Fee

    $0.00

    Unlimited standard NAB electronic transactions, no ATM fees at NAB ATMs

    No ATM fees at over 3,000 NAB ATMs and rediATMs

    Go to site

    • NAB

    • Visa Debit

    • Balances from $0: 0.01% p.a.

    Go to site

    Details Close

  • Everyday Business Account

    $10.00

    5 free counter deposits, unlimited free ATM, EFTPOS, cheque, BPAY and internet transactions

    Go to site

    • BoQ, rediATM

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Go to site

    Details Close

  • Freedom Business Account

    $10.00

    Unlimited free transactions from internet, phone, EFTPOS, network ATM, direct debits and direct credits. 30 free cheque and counter deposits and withdrawals.

    Long features

    Go to site

    • St.George, Westpac, BankSA, Bank of Melbourne

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Go to site

    Details Close

  • Business Access Account

    $0.00

    $3 plus $3 per $1,000 of account balance. Free internet and phone banking.

    Go to site

    • Greater

    • Visa Debit or
      EFTPOS

    • Balances from $0: 0.00% p.a.
      Balances from $100,000: 0.10% p.a.

    Go to site

    Details Close

  • Business Access Account

    $0.00

    40 free transactions (agency, branch withdrawals, cheques deposits, direct debits, EFTPOS withdrawl, rediATM withdrawal). Unlimited BPAY, Cash Deposit, Visa Debit Card transactions

    Go to site

    • rediATM

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Go to site

    Details Close

  • Business Access Account

    $0.00

    $3 plus $3 per $1,000 of account balance. Free internet and phone banking.

    Go to site

    • Greater

    • Visa Debit or
      EFTPOS

    • Balances from $0: 0.00% p.a.
      Balances from $100,000: 0.10% p.a.

    Go to site

    Details Close

  • Business Cheque Account

    $10.00

    Unlimited free transactions from internet, counter deposit, BPay and Visa Debit purchases. 40 free transactions from network ATM, EFTPOS and counter withdrawals. If balance is over $50,000 then receive 60 free transactions per month.

    Go to site

    • Newcastle Permanent

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Go to site

    Details Close

  • Business Access Account

    $0.00

    $3 plus $3 per $1,000 of account balance. Free internet and phone banking.

    Go to site

    • Greater

    • Visa Debit or
      EFTPOS

    • Balances from $0: 0.00% p.a.
      Balances from $100,000: 0.10% p.a.

    Go to site

    Details Close

  • Business Everyday Account

    $0 Monthly Fee

    $0.00

    Unlimited standard NAB electronic transactions, no ATM fees at NAB ATMs

    No ATM fees at over 3,000 NAB ATMs and rediATMs

    Go to site

    • NAB

    • Visa Debit

    • Balances from $0: 0.01% p.a.

    Go to site

    Details Close

  • Business Cheque Account

    $10.00

    Unlimited free transactions from internet, counter deposit, BPay and Visa Debit purchases. 40 free transactions from network ATM, EFTPOS and counter withdrawals. If balance is over $50,000 then receive 60 free transactions per month.

    Go to site

    • Newcastle Permanent

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Go to site

    Details Close

Want more? Compare all 64 small business bank accounts in the Mozo comparison engine.

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Business Bank Account Resources

Reviews, news, tips and guides to help find the best business bank account for you.

FAQ
Business Banking Guides
Business Banking News

Banking information for businesses

Business banking offers a range of features - and fees - these days, but Mozo takes the time and hassle out of comparing business bank account options. Our quick comparison table delivers the cheapest business accounts with features you need.

Bank account features

Business bank accounts typically offer internet banking, electronic transactions, phone banking, Bpay, visa debit card options, chequing and overdrafts. You may also be interested in linked business savers or business loans and can these by clicking on the business tab above.

Company bank account fees

The trade off for all these business transaction account facilities is often a monthly fee, or fee-free limited access. Make sure your account has the features you need - and no costly extras you don't.

Small business bank accounts

The costs of business banking can really add up - especially if your business is just starting up. So be sure to negotiate on the monthly fees, particularly if you're also looking at business loans or other business bank accounts.

This page only has business bank accounts - for personal everyday bank accounts click on the ‘Banking' tab above.

Business Banking Guides

Business loan application tips

Small business loans can be key to getting things off the ground or expanding your operations. Here are Mozo's top tips to nail the application process.
Business bank applications checklist

Tedious bank applications are made even more tedious when you don't have the required forms on hand. Fast-track your applications with Mozo's applications checklist.
Choosing a business bank account

Choosing a business banking account is about packing all the transaction facilities you need into the smallest possible monthly fee. There's a wide range of options, often varying from bank to bank, but here are some small business finance tips.
Compare Business Banking Packages

It's important for a small business to establish a relationship with a bank, as you may one day want to ask for some money or demand a mates rate on fees. While one institution is unlikely to have the best possible deal for every small business bank product, you could win out in the end by taking out a small business package encompassing bank accounts, savings products, credit cards and more.
A guide to business credit cards

Whether to get a small business credit card - and which one to apply for - is a matter of balancing features against interest and fees, and securing the best business credit card offer.
Business saving account features

The variety of high interest business accounts may spoil you for choice. It's all about the features you need and the best interest rate you can get.
Pros and cons of business overdrafts

A small business overdraft or line of credit allows you to spend up to a certain limit beyond your balance, and is available with most bank accounts and business loans.
New up-and-coming lenders shaking up the business loan scene

If you’re a small business owner searching for some extra funding, you don’t want to wind up saddled with a loan and an interest rate that will send your business under instead, do you? Of course not! You want an affordable source of cash and you want it quick.

More Business banking guides

Business Banking News

Small business loans made simpler in 2019 as online lenders adopt new code

As any small business which has needed extra funding in the form of a loan may already know, wading through the jargon and costs associated with a small business loan can be seriously headache-inducing.
$2 billion small business boost: Coalition announces two-pronged funding strategy

The Liberal National Government is targeting more than three million small businesses around Australia with two new initiatives aimed at improving access to better value funding for SME’s.
Instant payment app Beem It launches service for Australian businesses

A collaboration between three of Australia’s largest banks will now allow small businesses and contractors to be paid instantly by their customers on the spot, without the need for cash or bank details like BSB or account numbers.

More Business Banking News