Key features and benefits

Our Business Advantage account really is your flexible and super-value everyday banking account for your business that provides you with the access options and features you'll need including...

    • Retail stores and Contact Centre access
    • Visa debit card
    • ATM and Eftpos access
    • Internet Banking
    • SmartBanking App
    • BPAY payments
    • OSKO payments
    • Digital wallet with Apple Pay and Google Pay
    • Direct debits and credits
    • Periodical payments
    • Account sweeps

    with business support like:

    • Locally based business bankers who will take time to understand your business
    • A all-broadband Eftpos solution offered by Tyro
    • MYOB and Xero bank feed options

    Transaction fees that may apply

    $5.00 Monthly account fee 

    Note: You'll receive fee-free transaction levels each month based on your Relationship balance* with balances of $10,000 resulting in unlimited fee free transactions. Please refer to the table below for details. 

    Relationship balance
    Staff assisted
    Self service
    $10,000 and above UnlimitedUnlimitedUnlimited
    $5,000 - $9,999.99212Unlimited
    $500 - $4,999.99110Unlimited
    $0 - $499.9900Unlimited

    The following Staff-assisted and Eftpos transaction fees only apply if you exceed the number of fee free transactions available each month based on your Relationship balance. 

    • $2.50 - Staff-assisted transactions 
    • $0.75 - Eftpos transactions
    • $0.35 - Cheque deposit fee per cheque deposited to your account 
    • A $5.00 Bank@Post withdrawal fee will apply if a withdrawal is made from your account at an Australia Post office displaying the Bank@Post symbol.

    Other fees may apply to the use of the Business Advantage account in certain circumstances. For full detail of the fees that may apply and on how your Relationship balance is calculated, please refer to the Fees and Charges Schedule.

    Credit Interest 

    No interest is paid on the funds held in the account.

    I'm interested in a Business Advantage account!

    Other options or things to consider 

    If you are likely to have a regular surplus of funds in the account, you may wish to consider our Business saving account option - Business iCash. 

    Please note this information does not take into account your personal circumstances and is general advice only and is not intended to address all the terms and conditions that may be relevant to the use of an account. Before opening any Bank of us account, please read the Account & Access Facility Conditions of Use, Summary of Accounts, Availability of Access Facilities and Transaction Limits and our Schedule of Fees and Charges and decide if the account is right for you.

    Interest rates are subject to change without notice and should can be verified at