CommBank Business account review, fees, eligibility and availability

Snapshot

CommBank, the trading name of Commonwealth Bank of Australia, is the largest bank in Australia, offering business transaction accounts, cards, lending, and merchant services through branches and digital banking. Its Business Transaction Account has a 0 dollar monthly fee option. As of 1 June 2026.

Who it suits: Australian businesses that want a full service bank with branches, cash handling, cards, lending, and merchant services, rather than an online only account.
Broadly available in: Australia. Accounts are for businesses operating in Australia, generally with an Australian Business Number. As of 1 June 2026.
Headline monthly fee: Business Transaction Account with a 0 dollar or 10 dollar monthly account fee option, effective from 15 May 2026. As of 1 June 2026.
Account type: Business transaction account at a licensed Australian bank, covered by the Financial Claims Scheme. CommBank is a bank.

Fees and features as of 1 June 2026Last reviewed 1 June 2026

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

CommBank, the trading name of Commonwealth Bank of Australia, is a licensed Australian bank that offers business transaction accounts, cards, lending, and merchant services to businesses operating in Australia. It suits firms that value a large branch network, cash handling, credit, and merchant services over an online only account. Its Business Transaction Account offers a 0 dollar or 10 dollar monthly account fee option, with free electronic transactions under both, effective from 15 May 2026. Figures here are shown as of 1 June 2026. Verify current terms with CommBank.

Overview

CommBank provides the Business Transaction Account along with cards, lending, payments, and merchant services to businesses across Australia. It is the trading name of Commonwealth Bank of Australia, a licensed Australian bank and authorised deposit taking institution, so eligible deposits are covered by the Financial Claims Scheme up to 250,000 Australian dollars per account holder, per institution. The Business Transaction Account has two monthly account fee options, 0 dollars or 10 dollars, with the higher option including a small allowance of assisted transactions. As of 1 June 2026.

Strengths

The largest branch and ATM network in Australia with cash handling, a full range of business lending and cards, merchant and payment services, strong digital and accounting tools, deposits covered by the Financial Claims Scheme, and a 0 dollar monthly fee option on the transaction account. As of 1 June 2026.

Limitations

Assisted and over the counter transactions can carry charges above the included allowance, the accounts are for businesses operating in Australia, and online only competitors may price international payments lower. Verify current terms with CommBank.

Fees and features

All figures as of 1 June 2026. Verify current terms with CommBank.
Monthly fee	Business Transaction Account with a 0 dollar or 10 dollar monthly account fee option, effective from 15 May 2026. The 0 dollar option includes no assisted transactions, the 10 dollar option includes five assisted transactions, cheques, and Quick Deposits a month. As of 1 June 2026.
Transaction fees	Electronic transactions, including Commonwealth Bank ATM use in Australia, EFTPOS, NetBank, and telephone banking, are free under both options. Assisted transactions and cheques can carry charges above any included allowance. As of 1 June 2026. Verify the current rates and fees with CommBank.
FX fees	International payments and foreign currency transactions carry fees that vary by route and currency. Unclear at a single headline rate, so verify with CommBank.
Minimum deposit	No set minimum opening deposit is published for the Business Transaction Account. As of 1 June 2026. Verify with CommBank.
Multi currency	The Business Transaction Account is Australian dollar based. Foreign currency accounts and international payments are available separately. As of 1 June 2026. Verify with CommBank.
Integrations	NetBank and the CommBank app, accounting software links, cards, merchant and payment services, and cash handling. Verify current integrations with CommBank.
Eligibility	Businesses operating in Australia, including sole traders, companies, partnerships, and trusts, generally with an Australian Business Number. As of 1 June 2026. Verify eligibility with CommBank.

Open a CommBank business account

CommBank serves businesses operating in Australia. Fees and eligibility shown as of 1 June 2026. Confirm current terms with the provider before applying.

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CommBank Business by country

CommBank business accounts are for businesses operating in Australia. The country page below explains availability and fees, as of 1 June 2026.

Questions about CommBank Business

Is CommBank a bank?

Yes. CommBank is the trading name of Commonwealth Bank of Australia, a licensed Australian bank and authorised deposit taking institution, so eligible deposits are covered by the Financial Claims Scheme up to 250,000 Australian dollars per account holder, per institution. It serves business customers through branches and digital banking. As of 1 June 2026. Verify the current position with CommBank.

Does the CommBank Business Transaction Account charge a monthly fee?

The Business Transaction Account offers two monthly account fee options, 0 Australian dollars or 10 Australian dollars, effective from 15 May 2026. The 0 dollar option includes no assisted transactions, while the 10 dollar option includes five assisted transactions, cheques, and Quick Deposits a month. Electronic transactions are free under both. As of 1 June 2026. Verify current pricing with CommBank.

Who can open a CommBank business account?

The Business Transaction Account is for businesses operating in Australia, including sole traders, companies, partnerships, and trusts, generally with an Australian Business Number. Requirements vary by entity type. As of 1 June 2026. Verify eligibility with CommBank.

Which transactions are free on the CommBank Business Transaction Account?

Electronic transactions such as deposits and transfers at a Commonwealth Bank ATM in Australia, EFTPOS in Australia, and payments through NetBank or telephone banking are free under both fee options. Assisted transactions and cheques can carry charges above any included allowance. As of 1 June 2026. Verify with CommBank.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 1 June 2026. Confirm current terms with CommBank before applying.