Your browser is out of date. From Thu 28 April 2022, the Great Southern Bank website will not support your current browser, and you may have a degraded experience or be unable to connect. Update your browser to secure your online experience.

Search
Close

The business banking app built for smaller small business.

100% app-based business banking
Do your business banking on the go with your Business app.
$0 monthly account fees
Your money stays yours with no account-keeping fees.
Easy in-app finance applications
Super-fast loan and overdraft applications with no paperwork. Ever.
Safe and secure
Conduct all your business banking with our secure mobile app experience.
Business bank accounts

Pair an easy-access transaction account with a high-interest savings account for a healthy business banking balance.

Business loans

Easily manage your cashflow and plan big for the future with these clever finance options.

Need help choosing?
Need help choosing?
Business bank accounts
Business loans
Business bank accounts
BUSINESS APP
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 in minutes with the Business app
Interest rate up to
2.10
%
p.a.
Find out more
Business loans
BUSINESS APP
Business+ Unsecured Loan
A simple way to fund your business's plans.
Features
Fast, paperless application and approval
Flexible repayments and loan terms
Borrow between $20,000 - $50,000
No assets needed for security
Competitive fixed rates from 11.95% p.a.
BUSINESS APP
Business+ Unsecured Overdraft
Manage cashflow in your business with ease.
Features
Fast, paperless application and approval
Overdraft limit between $10,000 - $50,000
Only pay interest on the amount you use
No assets needed for security
Variable rates from 14.95% p.a.
BUSINESS
Secured Business Loan
Buy commercial space, expand, or refinance.
$0 monthly account fees1
Unlimited repayments
Free redraw

Download the Business app and get started

BUSINESS APP

The business banking app built for smaller small businesses.

  • 100% app-based
  • Open accounts in minutes
  • In-app support (from real people)
Download the Great Southern Bank business banking app

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 more
Business 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 more

Further reading

FAQs
Frequently asked questions
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. 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 through the app.

Is there a daily limit for mobile banking?

Your Business+ Account or Business+ Saver are subject to a $20,000 daily limit except for transfers between your own accounts on the app. Cards transactions have different transaction limits, a daily spend limit and ATM withdrawal limits.

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 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.

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 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
How do I qualify for a Business+ Unsecured Loan?

You’ll need to meet our eligibility criteria for a Business+ Unsecured Loan. You can find these here.

How much can I borrow through the Business app?

The maximum amount you can borrow depends on your business circumstances and financial situation. Below is a guide of our limits:

What documents do I need to apply for a Business+ Unsecured Loan?

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.

When will I get a decision on my loan application?

In most cases, you can expect an indicative decision within minutes of submitting your application and a final decision within 1-2 days.

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

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.

Can I access my existing Great Southern Bank business products 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.

Can I get help with the Business app in your branch or call centre?

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).

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. 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 28 February 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.

Great Southern Bank Business app
Business+ BSB: 834 472