Our Business+ bank accounts are designed for small business owners who can’t get what they need from other banks - a simple, fast, and supportive banking experience.
You can open a business bank account for every purpose in minutes online or the Business+ app. No paperwork to sign. No queues to wait in. No hold music to endure.
Your business bank accounts should let you access your money when you need it, and earn a competitive interest rate when you don’t.
Our Business+ bank accounts do just that, and help you manage the small business cashflow challenge with no monthly account fees1 to drain your funds.
Before you start, check your eligibility.
Enter your business details online or in the Business+ app.
Open a Business+ Account and Business+ Saver in minutes.
Banking, finance, invoicing and much more available now in Business+.
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.
You must provide at least one of the following types of identification to open a Business+ Account or Business+ Saver:
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.
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.
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:
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).
A term deposit lets you grow savings you’ve already built by locking them away for a set period of time and at a set interest rate.
Your term can be anything from one month to one year, but it’s worth keeping in mind that you can’t make extra deposits after the initial deposit . If you need access to funds before maturity you will need to provide 31 days notice.
In contrast, a savings account lets you make unlimited deposits and withdrawals. However, the interest rate may be different than a term deposit. Savings accounts can be helpful if you’re just starting out and want to deposit money regularly, while a term deposit is useful for earning interest on savings you already have.
A competitive term deposit rate can be a clever way to grow the savings you already have. Plus, your return on investment won’t be affected if interest rates fall. Putting some of your savings into a term deposit account could help you save smarter.
Some of the benefits include:
At the end of your term your invested amount and interest will be transferred to your Business+ Account or Business+ Saver with a few clicks you can easily set up a new term deposit with a rate that suits you.
You’ll receive an email or text message reminder when your term deposit is approaching maturity.
A notice period of 31 days is required to withdraw your funds before your term deposit matures. Please be aware that you may not earn your full interest amount if you withdraw money early. This is outlined in our terms and conditions.
If you’re your experiencing financial hardship and need funds sooner, please get in touch with us through Chat in Business+.
Yes, Business+ is 100% digital, so you can easily manage your term deposit without having to call us or visit a branch.
Yes. Money placed in a term deposit account with a bank, building society or credit union is protected by the Australian Government’s Financial Claims Scheme (FCS).
The scheme protects deposits up to $250,000 per person, per financial institution. In the unlikely event that a financial institution closes you’ll have the peace-of-mind that your money is safe.
Yes, because Business+ is 100% digital you can do everything online.
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 21 May 2026 and are subject to change.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
What businesses can apply:
What businesses can't apply:
You must:
You will need:
What businesses can apply:
What businesses can't apply:
You must:
You will need:
