This is a convenient everyday account to manage your business’s daily expenses. The account charges no monthly fees and offers an overdraft if needed to better manage your business cash flow.
Great Southern Bank Everyday Business Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $4.5
- Overseas transaction fee of transaction value
- 2.95%
Our verdict
A transaction account for your day-to-day business spending with no account-keeping fees
This account is designed for your day-to-day business spending. It charges no monthly account keeping fee, which isn’t very common for a business account. You can make unlimited free electronic payments using Internet or mobile banking as well as BPAY.
You can also go into a Great Southern Bank branch if you need help making a transfer or to withdraw money, but there is a small fee for this. If you don’t live or work near a Great Southern Bank branch, you can also make deposits into the account at an Australian Post Office using Bank@Post. Making deposits with Bank@Post is free, however there is a $3 fee to make withdrawals.
You also have the option of adding a commercial overdraft facility to this account, which could come in handy to help manage cash flow.
Pros
-
Overdraft available
-
No account-keeping fees
-
Apple Pay, Google Pay and Samsung Pay available
-
Bank@Post available
Cons
-
Withdrawal fees apply to some ATMs outside Great Southern Bank’s network
-
International transaction fee applies for overseas purchases
Details
Key details
| Product Name | Great Southern Bank Everyday Business Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | International ATM fee $4.50 |
| International transaction fee | 2.95% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay |
Eligibility
| Minimum Age | 18 |
| Joint account availability | No |
| Minimum opening deposit | $1 |
Key features
No account-keeping fees
This account comes with no monthly account-keeping fees, so you can use every dollar in the account for your business.
Overdraft available
You can choose to add a commercial overdraft facility to this account for times when you need a bit more cash than what's currently available in your account. This can help manage your cash flow.
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Alison Finder
Editor
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Sarah Megginson Finder
July 13, 2023
Hi Ange, Branch cash withdrawals are free on all personal bank accounts, however a $2 charge applies per withdrawal transaction on the Everyday Business account.
Roz
August 31, 2021
What fees can I expect when depositing and withdrawing using Bank@Post?
Alison Banney Finder
September 05, 2021
Hi Roz,
There’s no fee when depositing money using Bank@Post. However, you will need to pay a $3 fee if you need to withdraw money using Bank@Post.
I hope that helps.
Regards,
Alison
Joandodd
December 20, 2018
How do I apply for a debit card?
May Finder
December 20, 2018
Hi Joandodd,
Thanks for getting in touch.
Are you interested in applying for a debit card for business with CUA? If so, this CUA Everyday Business Account is linked to a Visa card that works like a debit card. You can process your application through CUA main page. Please refer though to the ‘How to apply‘ section above to see the eligibility requirements.
In the meantime, if you’re looking for a personal debit card, you can compare your options using our comparison table. Please check the features and terms and conditions of the account before applying. When you’ve chosen an account and wish to apply, please click on the ‘Go to site’ button to be redirected to the bank’s main website and apply from there.
Hope this has helped.
Cheers,
May
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ange
June 13, 2023
hi, how much does it cost or what fee is there if you do over the counter cash deposit or withdrawl at your branches? also can you deposit cash at a great southern atm,if yes , can you do it at any other associated banks and are fees involved in doing so.
thanks
ange