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Who is Business One Low for?

  • Customers wanting an account to deposit, receive and access funds, and make payments through a variety of banking channels including in branch, online, telephone banking and debit card
  • Customers wanting to make non-cash payments via services such as BPAY, Pay Anyone, OSKO, Overseas Telegraphic Transfer (OTT) and Direct Debit
  • Customers who mainly transact electronically and have a lower number of staff-assisted and cheque transactions.

 

Who can apply?

  • 18+ years old (applicant plus all signatories)
  • Must not be an individual using the account for predominantly personal purposes
  • Eligible entities include sole traders, partnerships, companies, associations, self-managed super funds, trusts and not-for-profit organisations
  • Operating in Australia with an Australian address.

 


What you get:

  • A Business One Low transaction account to receive, deposit and withdraw funds, and make payments
  • Unlimited electronic transactions
  • 25 staff-assisted and cheque transactions per month
  • A Business Debit Mastercard
  • An optional cheque book
  • Ability to link an overdraft facility.


What you don't get:

  • Interest paid on funds held.

 


Important numbers

Monthly plan fee: $10
Monthly allowance includes unlimited electronic transactions and 25 staff-assisted and cheque transactions
When monthly allowance is exceeded:  
Cheques written, collected or deposited:
$0.60
In-branch deposit or withdrawal:
$1
Narrated credit:
$1
Other fees and charges may apply