Here's what else you get
Easy money management
Our Business+ bank accounts help you manage the small business cashflow challenge, with no monthly account fees1 to drain your funds.
Business+ Term Deposits
- Earn competitive interest on your terms
- 100% digital application
- $0 monthly account fees
- Guaranteed rate of return
Finance to help you flourish
If you need some extra money to grow or keep your business running smoothly, there’s a Business+ finance option to suit. Applications take just a few minutes and help is at hand with live chat support from our experienced team.
Business+ Invoices sent in seconds
Invoicing that’s simple to use and packed with clever features.
How to get started
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.
Business owners want their own home too
Get clever refinancing.
Frequently asked questions
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:
- 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.
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:
- Choice to select the term that suits you to maximise interest you earn
- Guaranteed rate of return even if interest rates fall
- Interest paid at the end of the term with options to open a new term deposit or hold in your other accounts
- You won’t be tempted to spend your hard-saved cash as it’s locked away for a term
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. 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 21 May 2026 and are subject to change.
1 For a full list of fees, please refer to the Schedule of Fees.
2 Business+ Invoices utilises global payments provider Stripe to facilitate online payments. Therefore, your business will need to be onboarded to Stripe in order to use the Business+ Invoices feature. Transaction fees will be charged by Stripe for any card payments made by your customer. To check Stripe’s fees visit your Business+ online profile.
3 The product is only available to approved applicants for business purposes. Lending criteria, limits, conditions, and fees apply. Applications are subject to credit approval.
Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
- Simple, fast, and mobile business banking
- Open accounts and loans entirely online in minutes
- In-app support (from real people)
What businesses can apply:
- Sole traders
- Partnerships between individuals
- Companies
- TrustsNew
- Self-managed super fundsNew
What businesses can't apply:
- Partnerships where the owners aren’t individuals
You must:
- Be aged 18 or over
- Be an Australian resident
- Have an ABN for your business
You will need:
- An email address and an Australian mobile number
- One form of ID such as your driver’s licence, passport or Medicare card