Award-winning simplicity for your business. Enquire now to make it yours.
Our award-winning Business Cheque Account is built for businesses that value simplicity and control. With no monthly account-keeping fees and easy access to your money it’s a practical, fuss-free solution for managing your day-to-day business finances.
Whether you're paying suppliers, receiving client payments or simply keeping your cash flow moving, this account offers the flexibility and convenience you need without the extra costs.
Business Banking |
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|---|---|
| Minimum opening balance : | $0 |
| Mutual Visa Debit Card : | Available |
| Internet banking : | Yes |
| The Mutual App : | Yes |
| Mutual alerts : | Available |
| Interest : | Calculated daily, paid every six months |
| Payroll processing : | Available via internet banking |
| Statement frequency : | Monthly |
| Overdraft facility : | Available upon application |
| Staff assisted transactions : | Branch and Contact Centre |
| Business Cheque Account | Interest Rates |
| Up to $2,000 | 0.00% p.a. |
| Over $2,000 to $5,000 | 0.00% p.a. |
| Over $5,000 to $20,000 | 0.00% p.a. |
| Over $20,000 to $50,000 | 0.01% p.a. |
| Over $50,000 | 0.01% p.a. |
| Overdraft debit balance - Business Overdraft Variable Rate | 10.04% p.a. |
| Overdraft debit balance - Commercial Overdraft Variable Rate | 11.29% p.a. |
As part of the Australian banking industry's move towards digital payments, The Mutual Bank will phase out cheques by 31 December 2025. We encourage members to transition to alternative payment methods such as direct debits, PayID, and card payments.
We’re proudly customer owned, which means we exist to benefit you. Not external shareholders. Whether you're opening your first account or planning for the future, we’re here with genuine service, great-value products and the kind of care only a mutual can offer.
Our business accounts are available to a wide range of entities, including sole traders, partnerships, companies, trusts, associations, and not-for-profits. Some accounts, such as trust accounts, are designed for specific industries like legal, real estate, or conveyancing services.
Most of our business accounts do not require a minimum opening balance. However, interest-earning accounts like the Business Maximiser or Internet Saver Business may have balance thresholds to qualify for interest.
Yes. All business accounts can be accessed through The Mutual App and Internet Banking, allowing you to view balances, transfer funds, pay bills, and download statements 24/7.
Yes. You can request a Mutual Visa Debit Card for eligible business accounts, such as the Business Maximiser or Business Cheque Account. This allows you to make purchases in-store, online or over the phone.
Yes. Our Business Maximiser, Internet Saver Business, and Farm Management Deposit accounts offer competitive interest on eligible balances. Interest is calculated daily and paid monthly or at maturity, depending on the account.
View and compare our Business Transaction Accounts
We have not considered your objectives, financial situation, or needs. You should consider these things, along with the Product Disclosure Statement and our product Target Market Determinations before making any decision to acquire a product.
