The business banking app built for smaller small business.
Download the Business app and get started
The business banking app built for smaller small businesses.
- 100% app-based
- Open accounts in minutes
- In-app support (from real people)
Explore more about Small Business Banking
Check out these clever tips and tools to help your business thrive.
Personal vs. Business Bank Accounts
Are your business accounts a mess come tax time? Find out why you should keep your personal and business bank accounts separate.
Read moreBusiness Overdraft vs. Business Loans
Business loans and overdrafts are great ways to support your cashflow or growth of your small business. This article helps you decide what’s right for you.
Read moreGreat Southern Bank is the trading name of Credit Union Australia Limited. You may have previously known us as CUA.
For over 75 years we’ve helped our customers manage their money. We do this by providing clever products and smart tools that help you reach your financial goals sooner. Plus, being customer-owned means that our profits go back into our products and services, not shareholders.
We love helping people reach their financial goals and we can’t wait to help you reach yours, whatever they may be. Download our Business app to get started.
You must provide at least one of the following types of identification to open a Business+ Account or Business+ Saver:
- Australian Driver’s Licence
- Australian Passport
- Medicare Card
ID tip
If you submitted any one of these identifications and weren’t successful, try another type. Submitting more than one form of ID helps us confirm your identity and increases the chances of a successful verification.
If you’ve successfully completed the identity verification process, it should only take a few minutes to open a Business+ Account or Business+ Saver through the app.
You can find out what your Business+ Account daily limit is, including your ATM withdrawal limits, by reading our Business+ Banking – Schedule of Fees and Access Limits factsheet.
Card transaction limits and ATM withdrawal limits are separate to your daily mobile banking limits.
You can request a card through the ‘Card’ section of the app. Select the Business+ Account you'd like the card linked to and confirm your mailing address is up to date. Once you confirm your address, your card will usually be delivered to you within 10 business days. Please note, delivery times may differ depending on where you’re located.
The good news is there are no monthly account keeping fees with your Business+ Saver.
There could be other fees though, so it's best to take a look at the Terms and Conditions for information about the fees and charges relating to your account.
Yes, before you open a Business+ Saver, you’ll need to open a Business+ Account, which you can do by downloading the Great Southern Bank Business app from the Apple App Store or Google Play.
A transaction account is designed to be used for day-to-day expenses and often comes with a debit card for convenient access to the account.
Savings accounts don’t have a debit card, but should offer a competitive interest rate helping you to achieve your savings goal sooner. Savings accounts can offer bonus interest when certain criteria are met.
Although it isn’t mandatory to open a small business savings account, having one will complement your Business+ Account and brings with it some benefits:
- Having a savings record helps you get a business loan, overdraft, or credit card
- Gives you access to money when you need it most
- Offers a higher interest rate than a transaction account
You’ll need to meet our eligibility criteria for a Business+ Unsecured Loan. You can find these here.
The maximum amount you can borrow depends on your business circumstances and financial situation. Below is a guide of our limits:
- Business+ Unsecured Overdraft: $10,000 - $50,000
- Business+ Unsecured Loan: $20,000 - $50,000
When you apply for business finance, you (and any directors, partners or guarantors) may need to provide:
- Financial statements, preferably prepared by an accountant
- Proof of individual income
- Bank statements
- Identification
These documents help us understand your business’s financial position.
In most cases, you can expect an indicative decision within minutes of submitting your application and a final decision within 1-2 days.
Only your Business+ accounts are found in your Business app. Your other Great Southern Bank accounts are accessed with the Great Southern Bank app or Online Banking.
No. Think of it like our beloved Carlton Football Club men’s and women’s teams. While they’re all part of the same club, they play separately.
It’s the same with your Great Southern Bank products and your Business+ products. They’re all offered by us, but they don’t play together.
No. Our Business app is designed to be 100% digital.
For help with anything to do with the Business app, use the in-app Chat. You’ll be helped by one of our team (yep, an actual person).
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL 238317. Conditions, fees and charges apply. Information on Business+ accounts is general information and does not consider your objectives, financial situation or needs. Consider the appropriateness of the information, including the Business Banking Terms & Conditions (T&Cs) booklet, before acting on it.
This product is only available for business purposes. Terms, conditions, fees and charges may be applicable
>> Rates current as at 01 July 2024 and are subject to change.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
1 For a full list of fees, please refer to the Schedule of Fees.
2 The product is only available to approved applicants for business purposes. Lending criteria, limits, conditions, and fees apply. Applications subject to credit approval.
- 100% app-based banking for busy business owners
- Open accounts and loans entirely online in minutes
- In-app support (from real people)
- You must be aged 18 or over
- You must be an Australian resident
- ABN/TFN for your organisation
- An email and a mobile number
- One form of ID such as your driver's licence, passport, or Medicare card
- Business app installed on your mobile device