Business bank accounts

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.

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 through the 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 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.

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 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:

• 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

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.

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 human).

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.

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).