Business account fees in Australia what they cost and how to compare

Snapshot

Business account fees in Australia range from no monthly fee to a monthly plan charge, with extra costs for some in person, cash and international transactions. The headline fee is only part of the picture.

Can a non resident open: Possible, but the business must be registered in Australia with an Australian address, and some banks want at least one resident director.
Typical timeline: Often a few business days for fintech accounts, longer for the major banks.
Free account available: Yes, several accounts have a no monthly fee option as of 28 January 2026. Verify with the provider.
Most providers: Multiple business accounts

Fees and features as of 28 January 2026Last reviewed 28 January 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

Australian business accounts can cost nothing a month or carry a monthly plan fee, and the bigger costs are often per transaction and on currency conversion. As of 28 January 2026, several major bank transaction accounts and fintech accounts such as Wise Business have a no monthly fee option, while plans from Airwallex and Revolut Business range higher depending on tier. Confirm current fees with the provider.

How business account fees work in Australia

Three fee layers matter in Australia. The monthly account fee, which can be zero. The per transaction fees, which may apply to in person, cash and some electronic transactions. And the international fees, which include currency conversion margins and transfer costs. A low monthly fee can still mean high international costs, so compare the layer that matches how you trade.

Monthly account fees

Several accounts have a no monthly fee option as of 28 January 2026. For example, the Commonwealth Bank Business Transaction Account offers a no monthly fee option, and Wise Business charges no monthly fee with a one off A$65 to access local account details. Airwallex waives its A$29 Explore monthly fee where deposit and balance conditions are met. Revolut Business paid plans start from about A$10 a month, with pricing revised in June 2026. Verify current figures with each provider.

Transaction and international fees

International payments are where fees differ most. Wise Business charges conversion from about 0.63 percent as of 28 January 2026. Airwallex applies a currency margin of about 0.5 to 1 percent. Revolut Business gives a monthly exchange allowance, then about 0.6 percent above it. Per transaction card and cash fees vary by provider and plan. Always confirm the current rate card with the provider.

Fees to check before you apply

When comparing business account costs in Australia, check these fee types, as of 28 January 2026. Verify with the provider

Monthly account or plan fee, and any conditions that waive it.
Per transaction fees for in person, cash and electronic payments.
International costs, including the currency conversion margin and transfer fees.

How to compare fees

List how you actually transact, including monthly volume, cash use and international payments.
Compare the monthly fee, the per transaction fees and the international margin side by side, not just the headline price.
Confirm the current rate card with the provider before you apply, because fees change and vary by plan.

Compare business accounts available in Australia

These providers accept business customers in Australia. Fees and eligibility shown as of 28 January 2026. Confirm current terms with the provider before applying.

Compare business accounts →

Questions about business banking in Australia

Is there a business account with no monthly fee in Australia?

Yes, several accounts have a no monthly fee option as of 28 January 2026, including some major bank transaction accounts and Wise Business. Others charge a monthly fee or apply waiver conditions. Confirm current fees with the provider.

What fees apply to international payments from an Australian business account?

International payments usually carry a currency conversion margin and sometimes a transfer fee. As of 28 January 2026, Wise Business converts from about 0.63 percent, Airwallex applies about 0.5 to 1 percent, and Revolut Business charges about 0.6 percent above a monthly allowance. Rates change, so verify with the provider.

Do Australian banks charge for in person or cash transactions?

Some plans include a set number of in person transactions and charge beyond that, and cash handling can carry a fee. The detail varies by account and plan. Check the current rate card with the provider before applying.

Does a low monthly fee mean a cheaper account overall?

Not always. Per transaction fees and international conversion margins can outweigh a low or zero monthly fee, depending on how you trade. Compare the fee layer that matches your activity. Information shown as of 28 January 2026.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 28 January 2026. Confirm current terms with the provider before applying.