Unlike a sole trader or partnership, a company is a separate legal entity that has the same rights as a natural person and can incur debt, sue and be sued.
The shareholders of a company, so the company’s owners can limit their personal liability and are generally not liable for company debts.
To take out a business account for your company, follow the steps below.
If the directors of your company have had their ID verified in a branch, you may be able to open your business membership by following the next steps.
IDs have not been verified in a branch yet?
No worries - as a sole director, simply visit a branch to verify your ID.
If your company operates with multiple directors, ensure either 2 directors or 1 director together with the secretary verify their ID in a branch.
Business Membership Application
Click the button below to download the application form.
ABN (if your business has one)
Please let us know your company's ABN.
If you don't have your ABN handy, you can look it up with the Australian Business Register at the following link: http://abr.business.gov.au/
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