Small business bank accounts packed with features
Digital business banking solutions
Online Business banking
You have even more ways to do your banking with Business+ online.
Explore more about Small Business Bank Accounts
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 moreWhy Get a Business Savings Account
The right mix of business bank accounts can help give you better visibility of your money. Find out why you need a business savings account.
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. Jump on Business+ online or 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 with Business+ online or the Business+ 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 Business+ online or the Business+ 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 with Business+ online or 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
Only your Business+ accounts are found on Business+ online and 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.
If you have banking that isn’t part of the Business+ suite of products, you’ll need to use the Great Southern Bank app or Online Banking.
No. Our Business+ products are designed to be 100% digital.
For help with anything to do with your Business+ products, use the Chat in the Help section of Business+ online or the Business+ app. You’ll be helped by one of our team (yep, a real person).
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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. You should consult the Product Disclosure Documents before making a decision to apply for products.
This product is only available for business purposes. Terms, conditions, fees and charges may be applicable.
1 For a full list of fees, please refer to the Schedule of Fees.
>> Rates current as at 17 September 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.
2 Lending criteria, limits, conditions and fees apply. Applications are subject to credit approval.
- Simple, fast, and mobile business banking
- Open accounts and loans entirely online in minutes
- In-app support (from real people)