Is CommBank Business available for business in Australia?

Availability

CommBank Business for business in Australia: Available

Key eligibility: A business registered in Australia with an ABN or ACN, and account signatories who can complete Australian identity verification.
Non resident position: CommBank serves Australian registered businesses. Businesses with owners or directors who are not Australian residents can face additional identity and verification steps. Verify your situation with the bank.
Local currency support: Australian dollar business accounts are standard. Foreign currency accounts and international payment services are available separately.
Headline monthly fee: The Business Transaction Account offers a $0 or a $10 monthly account fee option, depending on the features chosen.

Availability and fees as of 5 November 2025Last reviewed 5 November 2025

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

Yes. As of 5 November 2025, CommBank, the Commonwealth Bank of Australia, serves business customers in Australia and is one of the largest business banking providers in the country. It offers business transaction accounts, savings, lending, merchant services and international payments to businesses registered in Australia. Its Business Transaction Account has a $0 or $10 monthly account fee option.

Does CommBank Business serve business customers in Australia?

Yes. CommBank is the trading brand of the Commonwealth Bank of Australia, the largest bank in Australia and a major provider of business banking. It offers everyday business transaction accounts, business savings accounts, business credit cards, lending, merchant and payment services, and foreign exchange to businesses registered in Australia. Accounts are opened through NetBank, the CommBank app, by phone or in branch. As of 5 November 2025.

Eligibility for businesses in Australia

To open a CommBank business account, the business is generally registered in Australia and holds an ABN, and signatories complete Australian identity verification. Sole traders, companies, partnerships and trusts are supported, with documentation varying by structure. Businesses with non resident owners or directors can face extra verification. Verify with the provider

What it costs locally

The CommBank Business Transaction Account is offered with a $0 monthly account fee option, designed for businesses that bank mostly online and self serve, or a $10 monthly account fee option that includes a set number of staff assisted transactions. Both options include unlimited CommBank electronic transactions and CommBank ATM withdrawals at no transaction fee, with assisted transaction fees outside the allowance. Other accounts, such as the Standard Business Cheque Account, carry their own fees. As of 5 November 2025

What local users report

CommBank is one of the most widely used business banks in Australia, with an extensive branch and ATM network, a well known app and NetBank online banking. Businesses value the breadth of services and integration with accounting tools, while some compare its monthly fees and assisted transaction charges against lower cost online providers. As of 5 November 2025.

How to open CommBank Business for business in Australia

Choose the CommBank business account that fits your needs, such as the Business Transaction Account, and the monthly fee option you prefer.
Gather your ABN or ACN, business details and identity documents for each signatory.
Apply online through CommBank, in the app, by phone or in branch, complete identity verification, then fund the account and start transacting.

Open with CommBank Business →

Questions about CommBank Business in Australia

Is CommBank available for business in Australia?

Yes. As of 5 November 2025 CommBank, the Commonwealth Bank of Australia, serves business customers in Australia with business transaction accounts, savings, lending and merchant services. Verify current terms with the bank. This is general information, not advice.

What does a CommBank Business Transaction Account cost?

The Business Transaction Account is offered with a $0 or a $10 monthly account fee option as of 5 November 2025. Both include unlimited CommBank electronic transactions and CommBank ATM withdrawals at no transaction fee, with assisted transaction fees applying outside the allowance. Check the current rates and fees with CommBank.

Who can open a CommBank business account?

Businesses registered in Australia, typically with an ABN, can apply, including sole traders, companies, partnerships and trusts, with signatories completing identity verification. Non resident owners or directors can face additional checks. Confirm your eligibility with the bank. As of 5 November 2025.

Does CommBank offer foreign currency accounts for business?

Yes. Alongside Australian dollar business accounts, CommBank offers foreign currency accounts and international payment services separately, with their own fees and terms. Verify the current options and costs with CommBank. As of 5 November 2025.

Availability, fees, and eligibility change. This page was last reviewed on 5 November 2025. Confirm the current position with CommBank Business before applying.