Finding the right business bank accounts in Australia is essential for entrepreneurs aiming to manage cash flow efficiently, avoid unnecessary fees, and keep their business finances compliant. In 2025, a range of banks and fintechs now offer fee-free business accounts packed with smart features—ideal for startups, sole traders, and small businesses.
This guide outlines the nine best free business bank accounts available to Australian businesses, including their key benefits and features so you can choose the perfect one for your needs.
Why Choose a Free Business Bank Account?
Choosing a free account means more capital stays in your business. With no monthly maintenance fees and minimal transaction costs, you can:
- Improve cash flow
- Simplify your accounting
- Gain access to real-time banking tools
- Eliminate hidden charges
- Focus your budget on growth initiatives
The best business bank accounts in Australia combine zero fees with flexibility, security, and digital efficiency.
Top 9 Free Business Bank Accounts in Australia
1. CommBank Business Transaction Account
Fee: $0 or $10/month
Highlights:
- Unlimited electronic transactions
- Business Visa Debit Card
- Apple Pay integration
- Eligibility for StepPay (buy now, pay later)
2. Revolut Business Account
Fee: £0 Basic plan
Highlights:
- No-fee international transfers (within limits)
- Multi-currency accounts
- Virtual and plastic cards
- 24/7 global support
3. Westpac Business One Transaction Account
Fee: $0/month
Highlights:
- Unlimited free electronic transactions
- Business Debit Mastercard
- Optional overdraft facility
- Strong mobile banking features
4. Heritage Bank Business Cheque Account
Fee: $0/month
Highlights:
- No account-keeping fees
- Suits various structures: trusts, SMSFs, partnerships
- Simple and reliable service
5. Wise Business Account
Fee: $0/month
Highlights:
- Hold and exchange over 40 currencies
- Transparent international fees
- Receive global payments with no hidden costs
6. ANZ Business Essentials Account
Fee: $0/month
Highlights:
- Unlimited ANZ ATM and electronic transactions
- ANZ Falcon® anti-fraud protection
- Syncs with accounting tools
7. NAB Business Everyday Account
Fee: $0/month
Highlights:
- Unlimited electronic and ATM transactions
- Seamless accounting software integration
- Business Visa Debit Card included
8. Hume Bank Business Account
Fee: $0/month
Highlights:
- No monthly fees
- MYOB and Xero integration
- Optional overdraft and payroll support
9. Mercury Business Account
Fee: $0/month
Highlights:
- Free checking and savings accounts
- No account minimums
- Team management tools and API access
- Ideal for startups and tech firms
Bonus Solution: ANNA One for New Businesses
While not a traditional bank, ANNA One offers a complete startup package including:
- Free company registration
- ABN and ACN setup
- Automated tax management
- Integrated business bank account
- Easy invoicing and bookkeeping tools
It’s a practical all-in-one platform for entrepreneurs who want to launch and manage a business with ease.
Final Thoughts: Bank Smart from the Start
Choosing from the best business bank accounts in Australia can save you money, reduce admin, and streamline daily operations. Whether you’re focused on international trade, automation, or simplicity, 2025 offers excellent free banking options to suit your business journey.
