Key features and benefits

Our Business iCash account provides you with a practical online account to manage the surplus funds of your business that pays an attractive interest rate for amounts of $5,000 or more. You'll also have access to the following...

• Retail stores and Contact Centre access
• Internet Banking
• SmartBanking App
• BPAY payments
• OSKO payments
• Direct debits and credits
• Periodical payments

with an account that has:

• No minimum deposit
• Funds available at call
• Unlimited electronic transactions via Internet Banking and our SmartBanking App

Transaction fees that may apply

$20.00 Assisted withdrawal fee if you make any withdrawals or transfers via a Bank of us Retail Store or our Contact Centre. 

Other fees may apply to the use of the Business iCash account in certain circumstances. For full details of the fees that may apply, please refer to the Fees and Charges Schedule.

Credit Interest

The rate of interest that applies depends on the account balance and the interest rate relevant to that account balance. The current interest rate for our Business iCash account is set out below:

Interest is calculated daily and credited to the account at the end of each month. 

Other options or things to consider

If you require an everyday business transaction account, then our Business Advantage account could be just what you are looking for. 

Or if you have surplus funds that you don't require access to for a period of time, then a Term Deposit might be a great option for you. Please get in touch with us to discuss any of these options.