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 November 21, 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.

  • Promoted

    Business Cheque Account

    $0.00

    Unlimited free transactions from counter deposits, phone and internet. 10 free transactions from own-bank ATMs, EFTPOS, counter withdrawals, BPAY and cheques.

    $0 account fees with no monthly account keeping fees and No fees on a network of over 10,000 ATMs across Australia.

    • Heritage

    • Visa Debit

    • Balances from $0: 0.01% p.a.

    Read our Mozo Review to learn more about the Business Cheque Account

    Details Close

  • Promoted

    $0 Business Everyday Account

    $0.00

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

    Apply in less than 10 minutes. Tap and pay with your NAB Business Visa Debit card.

    • NAB

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Read our Mozo Review to learn more about the $0 Business Everyday Account

    Details Close

  • Promoted

    Everyday Business Account

    $10.00

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

    • BoQ, rediATM

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Read our Mozo Review to learn more about the Everyday Business Account

    Details Close

  • Promoted

    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

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

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Read our Mozo Review to learn more about the Freedom Business Account

    Details Close

  • Promoted

    Business Access Account

    $0.00

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

    • Greater

    • Visa Debit or
      EFTPOS

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

    Read our Mozo Review to learn more about the Business Access Account

    Details Close

  • Promoted

    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

    • rediATM

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Read our Mozo Review to learn more about the Business Access Account

    Details Close

  • Promoted

    Business Cheque Account

    $0.00

    Unlimited free transactions from counter deposits, phone and internet. 10 free transactions from own-bank ATMs, EFTPOS, counter withdrawals, BPAY and cheques.

    $0 account fees with no monthly account keeping fees and No fees on a network of over 10,000 ATMs across Australia.

    • Heritage

    • Visa Debit

    • Balances from $0: 0.01% p.a.

    Read our Mozo Review to learn more about the Business Cheque Account

    Details Close

  • Promoted

    $0 Business Everyday Account

    $0.00

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

    Apply in less than 10 minutes. Tap and pay with your NAB Business Visa Debit card.

    • NAB

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Read our Mozo Review to learn more about the $0 Business Everyday Account

    Details Close

  • Promoted

    Business Access Account

    $0.00

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

    • Greater

    • Visa Debit or
      EFTPOS

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

    Read our Mozo Review to learn more about the Business Access Account

    Details Close

  • Promoted

    Business Cheque Account

    $0.00

    Unlimited free transactions from counter deposits, phone and internet. 10 free transactions from own-bank ATMs, EFTPOS, counter withdrawals, BPAY and cheques.

    $0 account fees with no monthly account keeping fees and No fees on a network of over 10,000 ATMs across Australia.

    • Heritage

    • Visa Debit

    • Balances from $0: 0.01% p.a.

    Read our Mozo Review to learn more about the Business Cheque Account

    Details Close

  • Promoted

    $0 Business Everyday Account

    $0.00

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

    Apply in less than 10 minutes. Tap and pay with your NAB Business Visa Debit card.

    • NAB

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Read our Mozo Review to learn more about the $0 Business Everyday Account

    Details Close

  • Promoted

    Business Access Account

    $0.00

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

    • Greater

    • Visa Debit or
      EFTPOS

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

    Read our Mozo Review to learn more about the Business Access Account

    Details Close

  • Promoted

    Business Cheque Account

    $0.00

    Unlimited free transactions from counter deposits, phone and internet. 10 free transactions from own-bank ATMs, EFTPOS, counter withdrawals, BPAY and cheques.

    $0 account fees with no monthly account keeping fees and No fees on a network of over 10,000 ATMs across Australia.

    • Heritage

    • Visa Debit

    • Balances from $0: 0.01% p.a.

    Read our Mozo Review to learn more about the Business Cheque Account

    Details Close

  • Promoted

    $0 Business Everyday Account

    $0.00

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

    Apply in less than 10 minutes. Tap and pay with your NAB Business Visa Debit card.

    • NAB

    • Visa Debit

    • Balances from $0: 0.00% p.a.

    Read our Mozo Review to learn more about the $0 Business Everyday Account

    Details Close

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Business bank account resources

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

Banking information for businesses

If you're setting up a new business or you're looking to switch banks for your business banking needs,  you've come to the right place. 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 .

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 - head to our personal everyday bank accounts hub if you're after an account for yourself€.

Opening a business bank account


To open business banking account you can simply apply online, but make sure you’ve got all the information you need for the application. You’ll have to provide: 

  • your personal details
  • your business ABN, ACN and tax file number. 
  • verify your identity using your passport, licence or medicare. 

Once the bank is certain you are who you say you are, you account is open and you can start using it as you wish! If you’re interested in signing up for more business banking products, read our helpful business banking guides.


More business bank account FAQs

What are the benefits of a business bank account?

Having a business bank account can be beneficial on a few different fronts. Not only does it make expense management simpler by putting spending all in one place, tax deductions for your business can be identified and validated more simply, it’s less stressful in the case of an audit and it has the professionalism of a non-personal account. There are a huge range of options for business bank accounts, so, when choosing the right account for your business, keep in mind that you want to pack in all the transaction facilities you need for the lowest possible monthly fee. 

Which facilities do business bank accounts have?

Each bank offer slightly facilities on their business bank accounts, so establish what is best for your business before you seal the deal. If you think you’ll need constant access to your stash, an account with a monthly fee for unlimited transactions is a useful option, but if you’re willing to let your funds sit for a little while, a high interest rate might suit you better, or alternatively a business savings account. Most business bank accounts offer facilities like internet and phone banking, Bpay, chequing, overdrafts, lockbox service and payroll processing.

Should I just use my personal account instead of my business bank account?

While it may seem like an easy way to dodge the heavier monthly fees that come with business bank accounts, using your personal bank account for your business may turn out to be more complicated in the long run. Business bank accounts offer features like overdrafts, reporting and bigger daily spending limits, which may better suit your business needs than a personal account. Some small business owners use their personal accounts when their business is only starting up, but eventually separating business from personal may make it easier when it comes to accounting and tax time. 

What fees will I pay?

Unlike for a personal account, banks usually charge a monthly fee on their business bank accounts in exchange for more features. Similarly, if you travel a lot for work make sure your account has low or no international ATM or foreign exchange fees, as some accounts will charge you. Check out our comparison table above, to weigh up the fees and charges between different business bank accounts.