BSB 805 050

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BSB 805 050

Business & Community Account

Ideal for community and not-for-profit clubs or organisations that process a low volume of transactions and want to earn a competitive interest rate on at call funds

Access

Visa Debit with payWave

Our Business and Community Account comes with no account keeping or base service fees and gives your organisation the flexibility to access your funds whilst still enjoying a great interest rate.

  • No account keeping or base service fees
  • Business Visa Debit card access
  • Access to MYOB online accounting tools
  • Easy access to your account 24/7 with the People’s Choice Smartphone App, Internet Banking and Phone Banking
  • Cheque book can be linked to the account
  • Unlimited free access to BPAY, cash deposits (excluding coin) and Visa ‘credit’ purchases

To open your new Business & Community Account, call 13 11 82, visit your nearest branch or arrange to chat with one of our business consultants.

Extra benefits, at no extra cost

Our Business Visa Debit Card also comes with two additional insurance benefits, free of charge with your card:

  • Unauthorised Transactions Insurance*
    • Applies to any unauthorised transactions which occur on a Business Visa Debit card on your account by your cardholders
    • Provides coverage up to $20,000 per individual cardholder, up to a maximum of $150,000 in total
  • Transit Accident Insurance*
    • Provides cover for injuries sustained as a direct result of an accident whilst on an overseas trip which has been paid for directly on your Business Visa Debit card and occurs within 12 months of the accident (refer to the Policy Booklet for a list of injuries covered and full terms and conditions)
    • Eligible cardholder’s spouse and/or dependent children travelling with the cardholder are also eligible for the insurance
    • Provides coverage for claims up to $1,500,000 regardless of the number of persons in the accident

Please refer to the relevant Insurance Policy Booklet(s) for full details of cover limits, terms and conditions and exclusions.

Business Transaction & Savings Accounts (Credit Interest)

Product Name Tier Rate
Business & Community Account^ $0 - $4,999 0.05% p.a.
Business & Community Account^ $5,000 - $19,999 0.05% p.a.
Business & Community Account^ $20,000 - $99,999 0.20% p.a.
Business & Community Account^ $100,000 - $499,999 0.20% p.a.
Business & Community Account^ > $500,000 1.20% p.a.
Business Online Account^ $1 - $4,999 1.00% p.a.
Business Online Account^ > $5,000 1.75% p.a.
Business Access Account > $0 n/a

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Product Summary

Account Purpose

Interest

Number of Monthly Free Transactions

Free Transaction Items

Excess Items Charge

Unlimited Free Access

Additional Fees on:

Access to Account

Business Visa Debit Insurance Cover

Optional Cheque Facility

Optional Overdraft

Minimum Opening Deposit

Funds At Call/Term

Interest Frequency

 

Ideal for community and not-for-profit clubs or organisations that process a low volume of transactions and want to earn a competitive interest rate on at call funds

Account Purpose

A business account designed for businesses and not-for-profit organisations that only perform a low amount of transactions each month. This account offers a small amount of free transactions per month and competitive interest rates on your funds.

Interest

Up to 1.2% p.a.

Number of Monthly Free Transactions

20 free items

Free Transaction Items

Branch and Agency withdrawals, Cheque Deposits, Direct Debits, EFTPOS transactions and rediATM withdrawals

Excess Items Charge

$1.50

Unlimited Free Access

BPAY payments, Cash Deposits (excluding coin), Internet and Phone Banking

Additional Fees on:

Coin Deposits, Cheque Presentations, non-rediATM withdrawals

Access to Account

Visa Debit or
Business Visa Debit

Business Visa Debit Insurance Cover

Transit Accident Insurance and Unauthorised Transaction Insurance

Optional Cheque Facility

 $0.95 per cheque presentation

Optional Overdraft

Minimum Opening Deposit

$0

Funds At Call/Term

At Call

Interest Frequency

N/A

An account ideal for businesses that are processing large amounts of transactions

Account Purpose

A business account designed for high-transacting businesses and not-for-profit organisations offering a large number of free transactions each month.

Interest

Nil

Number of Monthly Free Transactions

40 free items

Free Transaction Items

Branch and Agency withdrawals, Cheque Deposits, Direct Debits, EFTPOS transactions and rediATM withdrawals

Excess Items Charge

$1.50

Unlimited Free Access

BPAY payments, Cash Deposits (excluding coin), Internet and Phone Banking

Additional Fees on:

Coin Deposits, Cheque Presentations, non-rediATM withdrawals

Access to Account

Visa Debit or 
Business Visa Debit

Business Visa Debit Insurance Cover

Transit Accident Insurance and Unauthorised Transaction Insurance

Optional Cheque Facility

 $0.95 per cheque presentation

Optional Overdraft

Minimum Opening Deposit

$0

Funds At Call/Term

At Call

Interest Frequency

N/A

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A high interest business online savings account that comes with no monthly account keeping fees

Account Purpose

An online business savings account that allows you to access your funds via Internet and Smart Phone Banking. With competitive interest rates and no monthly account fees.

Interest

Up to 1.75% p.a.

Number of Monthly Free Transactions

N/A

Free Transaction Items

N/A

Excess Items Charge

N/A

Unlimited Free Access

BPAY payments, Internet and Phone Banking

Additional Fees on:

N/A

Access to Account

Online Access Only

Business Visa Debit Insurance Cover

N/A

Optional Cheque Facility

Optional Overdraft

Minimum Opening Deposit

$0

Funds At Call/Term

At Call

Interest Frequency

Monthly

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A safe and secure way to invest your money and earn a great interest rate on your business' savings

Account Purpose

A Business Term Investment is a safe and secure way to invest your money and earn a great interest rate on your savings. Designed for members wanting to make the most of their savings by locking their funds away for a fixed term.

Interest

Up to 3% p.a.

Number of Monthly Free Transactions

N/A

Free Transaction Items

N/A

Excess Items Charge

N/A

Unlimited Free Access

N/A

Additional Fees on:

N/A

Access to Account

N/A

Business Visa Debit Insurance Cover

N/A

Optional Cheque Facility

Optional Overdraft

Minimum Opening Deposit

$5,000

Funds At Call/Term

Terms 2 months to 5 years
Withdrawal at maturity

Interest Frequency

At Maturity or annually for Terms greater than 1 year

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hi…

Thank you for your enquiry. Unfortunately we don’t have a Business Banker based in this area, so please call us on 13 11 82 to see how we can still help you.

Rates quoted are current at date of issue and may change without notice.
^ Credit interest paid on full balance.
1Transactions include individual cheque deposit, cash withdrawals, direct debits, EFTPOS and rediATM transactions.
*Unauthorised Transactions Insurance and Transit Accident Insurance is issued by Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance. The benefits are made available under a Master Policy between CGU and Australian Central Credit Union Ltd t/as People’s Choice Credit Union, ABN 11 087 651 125, AFSL 244310 (‘People’s Choice Credit Union’). The cover is automatically available to you if you are the account holder, but you are not obliged to accept the cover. For claims made under this cover, you will be bound by the terms and conditions of the insurance cover as set out in the relevant Policy Booklet. People’s Choice Credit Union is not the issuer of the cover and neither it nor any of its related corporations guarantee or are liable to pay any of the benefits under this cover nor does it receive any commission or remuneration in relation to the cover. This information must be read in conjunction with our Disclosure Documents and the Policy Booklet which set out the full details of cover plus explanations and any applicable limits and exclusions.

Terms, conditions, fees and charges apply and are available on application.

The information above is general advice only and does not take into consideration your personal objectives, financial situation or needs (“your personal circumstances”). Please consider the relevant Disclosure Documents and your personal circumstances before making any decision to purchase the products. Contact us on 13 11 82 with any questions, or visit your nearest branch to talk to a consultant.

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