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Small business bank accounts packed with features

$0 monthly account fees1
Your money stays yours with no monthly account fees.
No paperwork
Just fast, easy account opening online and in-app.
Easy access
Worldwide access to your money, 24/7.
Help at hand
Live chat (with real people).
100% DIGITAL
Business+ Saver
Reach your savings goal sooner with our high-interest, no-fee savings account.
Features
A competitive interest rate
$0 monthly account fees1
Access your savings anytime
Open online in minutes
Interest rate up to
4.10
%
p.a.
Open an account Find out more

Digital business banking solutions

The Business+ app

The one-stop shop for all things Business+ banking.
Download now

Online Business banking

You have even more ways to do your banking with Business+ online.

Sign up now

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 more
Why 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 more

Further reading

FAQs
Business bank accounts explained
Who is Great Southern Bank?

Great 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.

What identification do I need to open an account?

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.

How quickly will my account be opened?

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.

Is there a daily limit for mobile banking?

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.

How do I request a card?

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.

Are there any fees associated with a business savings account?

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.

Do I need a transaction account with my business savings 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.

How is a business transaction account different to a savings account?

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.

Why should I open a business savings account?

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
I’m using Business+ online and the Business+ app. What happens to my other Great Southern Bank accounts?

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.

Can I access my existing Great Southern Bank business products with Business+ online or in the Business+ app?

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.

Can I get help with Business+ products in your branch or call centre?

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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Everyday Account for Communities

A feature-packed account for charities and NFPs.

Important Information

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.

Great Southern Bank Business+
Business+ BSB: 834 472