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 more than 67 business bank accounts in seconds to save on account fees, transaction fees and more.
Read moreRather than jumping from site to site trying to keep track of offers from different banks, Mozo does the hard work for you. Comparing a variety of bank accounts is smooth sailing using our handy comparison table below, and if you like what you see, simply hit the blue ‘Go to site’ button to be directed to an online application.
From the fees you might pay (e.g. account fees and ATM fees) to the flexibility of the account (e.g. minimum monthly transactions allowed) and even the digital payment options available (e.g. Apple Pay and Google Pay), there’s plenty to compare before locking in a business bank account to suit your needs.
Search promoted business bank accounts below. Advertiser disclosure.
$0/month fee
$0.00
Unlimited electronic transactions.
An everyday business bank account with no monthly account fee and a linked Business Visa Debit card. Make unlimited electronic transactions for free and receive customised alerts regarding your balances.
Commonwealth, Bankwest
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Transaction Account
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$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
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$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
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$10/month fee
$10.00
Unlimited electronic transactions and CBA ATM cash withdrawals in Australia. 20 cheque & staff-assisted transactions included per month
An everyday business bank account. Unlimited electronic transactions. 20 assisted transactions included. Apply online or in a branch.
Commonwealth, Bankwest
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Transaction Account
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$22.00
Unlimited free transactions from Eftpos, own-bank ATM, phone, internet, cheques, over the counter deposits and withdrawals.
ANZ
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Extra
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$10.00
Unlimited free transactions from Eftpos, ANZ ATMs, phone, internet, cheques, over the counter deposits and withdrawals.
ANZ
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Advantage
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$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
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$10.00
Unlimited free transactions from internet, phone, EFTPOS, network ATM, direct debits and direct credits. 30 free cheque and counter deposits and withdrawals.
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
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$0.00
$3 plus $3 per $1,000 of account balance. Free internet and phone banking, no Eftpos fee for contactless transactions.
Greater
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Balances from $100,000: 0.01% p.a.
Read our Mozo Review to learn more about the Business Access Account
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$0.00
40 free transactions (agency, branch withdrawals, cheques deposits, direct debits, EFTPOS withdrawl, rediATM withdrawal). Unlimited BPAY, Cash Deposit, Visa Debit Card transactions
Peoples Choice Credit Union
Visa Debit
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Access Account
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$0/month fee
$0.00
Unlimited electronic transactions.
An everyday business bank account with no monthly account fee and a linked Business Visa Debit card. Make unlimited electronic transactions for free and receive customised alerts regarding your balances.
Commonwealth, Bankwest
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Transaction Account
Details Close
$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
$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
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$10.00
Unlimited free transactions from Eftpos, ANZ ATMs, phone, internet, cheques, over the counter deposits and withdrawals.
ANZ
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Advantage
Details Close
$10/month fee
$10.00
Unlimited electronic transactions and CBA ATM cash withdrawals in Australia. 20 cheque & staff-assisted transactions included per month
An everyday business bank account. Unlimited electronic transactions. 20 assisted transactions included. Apply online or in a branch.
Commonwealth, Bankwest
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Transaction Account
Details Close
$22.00
Unlimited free transactions from Eftpos, own-bank ATM, phone, internet, cheques, over the counter deposits and withdrawals.
ANZ
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Extra
Details Close
$0.00
$3 plus $3 per $1,000 of account balance. Free internet and phone banking, no Eftpos fee for contactless transactions.
Greater
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Balances from $100,000: 0.01% p.a.
Read our Mozo Review to learn more about the Business Access Account
Details Close
$0/month fee
$0.00
Unlimited electronic transactions.
An everyday business bank account with no monthly account fee and a linked Business Visa Debit card. Make unlimited electronic transactions for free and receive customised alerts regarding your balances.
Commonwealth, Bankwest
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Transaction Account
Details Close
$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
$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
$10.00
Unlimited free transactions from Eftpos, ANZ ATMs, phone, internet, cheques, over the counter deposits and withdrawals.
ANZ
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Advantage
Details Close
$10/month fee
$10.00
Unlimited electronic transactions and CBA ATM cash withdrawals in Australia. 20 cheque & staff-assisted transactions included per month
An everyday business bank account. Unlimited electronic transactions. 20 assisted transactions included. Apply online or in a branch.
Commonwealth, Bankwest
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Transaction Account
Details Close
$22.00
Unlimited free transactions from Eftpos, own-bank ATM, phone, internet, cheques, over the counter deposits and withdrawals.
ANZ
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Extra
Details Close
$0.00
$3 plus $3 per $1,000 of account balance. Free internet and phone banking, no Eftpos fee for contactless transactions.
Greater
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Balances from $100,000: 0.01% p.a.
Read our Mozo Review to learn more about the Business Access Account
Details Close
$0/month fee
$0.00
Unlimited electronic transactions.
An everyday business bank account with no monthly account fee and a linked Business Visa Debit card. Make unlimited electronic transactions for free and receive customised alerts regarding your balances.
Commonwealth, Bankwest
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Transaction Account
Details Close
$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
$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
$10.00
Unlimited free transactions from Eftpos, ANZ ATMs, phone, internet, cheques, over the counter deposits and withdrawals.
ANZ
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Advantage
Details Close
$10/month fee
$10.00
Unlimited electronic transactions and CBA ATM cash withdrawals in Australia. 20 cheque & staff-assisted transactions included per month
An everyday business bank account. Unlimited electronic transactions. 20 assisted transactions included. Apply online or in a branch.
Commonwealth, Bankwest
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Transaction Account
Details Close
$22.00
Unlimited free transactions from Eftpos, own-bank ATM, phone, internet, cheques, over the counter deposits and withdrawals.
ANZ
Visa Debit or
EFTPOS
Balances from $0: 0.00% p.a.
Read our Mozo Review to learn more about the Business Extra
Details Close
Want more? Compare all 60 business bank accounts in the Mozo comparison engine.
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Reviews, news, tips and guides to help find the best business bank account for you.
Whether you’re in the process of setting up a new business or you’ve decided that it’s time for a financial refresh by switching banks, you've come to the right place. With over 60 different business bank accounts in our database, our comparison table makes searching for a great match for your business that much easier (and quicker).
But what actually makes a great bank account for your business and what are some of the fees and features you’ll want to consider to make your decision an informed one? Read on below for more information on business bank accounts, including some of the most frequently asked questions about them.
It’s not uncommon for small businesses owners to simply make use of their own personal bank accounts, but there may be a couple of advantages to opening a dedicated business bank account as well.
A bank account’s just a place to store and withdraw cash right, so why would I need to compare options? Well depending on your business needs, there are plenty of associated costs and features that you may want to weigh up first before signing up for any old business bank account. Here’s a quick breakdown of the costs and features to keep in mind when comparing accounts.
Account fees
From ATM charges to over the counter withdrawal costs, there are a host of potential fees associated with business bank accounts, chief among them monthly account fees. Monthly account fees generally range from $5 all the way up to $20, which can easily start to add up over time. The good news is that there are a small number of accounts that don’t charge monthly fees at all, so these may be worth considering during your search.
Transaction limits
Make a lot of transactions each month? Unlike a personal account, the number and type of free transactions you’re entitled to each month with a business bank account may be a crucial feature for your business. While the cost involved with making different types of transactions varies from bank to bank (many offer free transactions), the typical transactions you’ll need to consider include: via an ATM, EFTPOS, BPAY, direct debit, phone banking, internet banking, mobile app, cheque, and over the counter deposits.
Payment options
While you’ll likely be issued with either a mastercard or visa debit card linked to your business bank account depending on the bank you go with, you may also want to consider any other payment options which are available including digital wallets like Apple Pay, Google Pay, and Samsung Pay.
Banking app
Speaking of digital options, one of the considerations you may want to make is the quality of the banking app or online banking platform your business bank account is linked to. While you’ll likely be able to use the app and online platform available for personal users, many banks also have dedicated apps and platforms for business customers. For example, the NAB allows businesses to check their balances, make fast payments via PayID and authorise batch payments (e.g. staff salary payments) all from the NAB Connect app.
Overseas costs
Frequently travel abroad for business? If you’re likely to use your business debit card to pay then you may want to consider any overseas ATM withdrawal fees or foreign exchange commission attached to your card and account.
Because of the different fees and features available with each account it’s hard to pin down a single ‘best’ small business bank account. After all, different accounts will suit the needs of different businesses. Some will be looking to pay as little in the way of fees as possible, while others may be looking for a wide variety of free transaction methods or a linked card they can use abroad.
The Mozo Experts Choice Small Business Account Awards can help though! In 2019, Mozo’s experts compared 65 different business bank accounts in order to determine some of the best value products in Australia, with a small number of accounts named as winners in the best Small Business Exceptional Everyday Account category.
Yes, you certainly can. And if you’re looking to make the switch, Mozo has a dedicated bank account comparison hub with 90 different personal bank accounts for you to compare.
However, as we mentioned further above, you may find it advantageous to open a dedicated business bank account for a number of reasons, including to separate your business and personal finances make life easier for yourself (or your accountant) come tax time.
The majority of business bank accounts don’t come with an interest rate, and those that do tend to offer rates that aren’t going to blow your socks off. So rather than searching high and low for a bank account with an interest rate above 0%, you’ll likely be better off looking for a business savings account.
At Mozo we make that process simple, as you’ll be able to start your search for a richer interest rate by comparing over 40 different accounts using the Mozo business savings account comparison table.
You’ve found a bank account fit for your business, but what’s next? Applying! And while you could pop into your local branch, one of the easiest ways to apply is online, so if you’re ready you’ll need a few bits of information including:
Still want to compare your options? Head back up to our handy comparison table at the top of the page to start browsing, or hit the green ‘Search now’ button for even more business bank account offers.