Best business accounts for Consultants in Australia
Snapshot
Consultants in Australia usually want a simple low cost account that separates business money, handles the odd international invoice, and exports cleanly to accounting software.
Suits Consultants best
A low cost account often fits a solo consultant
Typical monthly fee
From no monthly fee to about A$21 a month by plan
Non resident position
Possible where the business is registered in Australia. Verify with the provider.
Providers that fit
Three reviewed here
Fees and features as of 24 February 2026Last reviewed 24 February 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
A consulting business often has low transaction volume and occasional cross border invoices. As of 24 February 2026, a no monthly fee account such as Wise Business can suit, while Revolut Business adds budgeting tools on paid plans. Compare current fees before choosing.
What Consultants in Australia need from a business account
Consultants generally want a clear split between business and personal money, low everyday fees, and an easy way to invoice clients at home and abroad. Heavy lending and cash handling matter less. Confirm current terms with the provider.
W
Wise Business
No monthly fee and clear international pricing, but no lending or cash deposits.
Best for
Solo consultants invoicing abroad
Monthly fee
No monthly fee, one off A$65 to enable local account details
These providers accept Consultants in Australia. Fees and eligibility shown as of 24 February 2026. Confirm current terms with the provider before applying.
Questions about banking for Consultants in Australia
What is a good account for a solo consultant in Australia?
A low cost account that separates business funds often fits. As of 24 February 2026, Wise Business has no monthly fee, while Revolut Business adds tools on paid plans. The right fit depends on your volume and international needs. Verify with the provider.
Do consultants need an Australian Business Number to open an account?
Most providers ask for an Australian Business Number, and a company also needs an Australian Company Number. Sole traders can register for an Australian Business Number. Confirm requirements with the provider.
Can I invoice overseas clients from these accounts?
Yes. Wise Business and Airwallex support receiving and converting several currencies, with margins shown as of 24 February 2026. Check current rates and supported currencies with the provider.
Is a paid plan worth it for a consultant?
It depends on whether you need cards, budgeting or higher allowances. A no monthly fee account can be enough for low volume work. Compare the plan features and fees with the provider before deciding.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 24 February 2026. Confirm current terms with the provider before applying.