If you’re waiting for customers to pay you, our business payments features available with our transaction accounts help you move money when you need to, in Australia and overseas.
Business payments
Explore your options for paying business bills, international suppliers and other expenses.
Why us?
Be the change
What if every dollar in your bank account helped other people and the planet? When you bank with us, it does.
Values-aligned
Rest assured that we never, ever support industries that do harm, like fossil fuels or animal exports.
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International transfers
We partner with Convera, formerly Western Union Business Solutions, so you can send and receive payments.
Who it's for
- Sole traders
- Partnerships
- Pty Ltd and public companies
What it's for
What you get
"It was so simple to set up my business accounts with Bank Australia. Great customer service and product knowledge"
Erin, Bank Australia business customer
Quick debit
Transfer money to Bank Australia from accounts held at other financial institutions.
- One-off or recurring debits
- Defer, stop or cancel debits with 30 days written notice
International transfers
We partner with Convera, formerly Western Union Business Solutions, so you can send and receive payments.
Fees and charges
Here's what to expect while making domestic business payments with your Commercial Access and Community Access transaction accounts:
Fee
Amount
Exceeding available funds fee
$10 plus Debit interest charge rate
Debit interest charge rate
12.39%
Domestic (“press credit”) cash withdrawal fee
$3.50
Visa foreign cash withdrawal fee
$3.50 plus the International transaction fee
International transaction fee
3% of the transaction value
Staff assisted withdrawal fee
$0
Here's what to expect with our Commercial Saver:
We’ll waive the staff-assisted withdrawal fees if you:
- Are a school or not-for-profit entity
- Have a Bank Australia Offset Home Loan or Clean Energy Home Loan in the same name
Exceeding available funds fee
$10 plus Debit interest charge rate
Debit interest charge rate
12.39%
Staff assisted withdrawal fee
$2.50 (unless waived as listed above)
It pays to know. Please read the Product Disclosure Document and see all fees and charges before deciding if this account is right for you. See all rates and fees.
Making international payments
International payment – sending money overseas (other fees may be charged by participating banks involved in the transaction or settlement).
Fee
Amount
Staff Assisted International Payment in Foreign Currency
$30 per transfer
Staff Assisted International Payment in AUD
$30 per transfer
Online International Payment in Foreign Currency
$10 per transfer
Transaction limits
There is a default daily limit on withdrawals each day you can take out each day using a card at an ATM or EFTPOS of $1,000. If you need to spend more than $1,000 in store, insert your physical card, select “credit” and enter your PIN. The daily maximum limits which apply to electronic banking are set out below.
Activity
Internet banking and Bank Australia app daily limit
Transferring between your own Bank Australia accounts
Unlimited
Transferring between any Bank Australia accounts you are a signatory on
$50,000
Payments to BSB and account numbers or payments to PayID
$5,000
PayTo payment agreements
$25,000
International money transfers
$2,000
BPAY®
$10,000
The above transaction limits are applicable to customers who joined from 18 August 2022
General advice and product disclosures
General advice
Information provided is of a general nature only. In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents below before making a decision to apply for products with Bank Australia.
Terms, conditions, fees and charges may be applicable as outlined below.
® Registered to BPAY Pty Ltd ABN 69 079 137 518