Business Cheque Account

General Lending Rates

Product Variations

Product Features

• Additional Cards

• Bill Payment Additional Information: Pay bills using BPAY

• Card Access

• Npp Payid

• Npp Enabled

• Overdraft Additional Information: Available to approved applicants only

• Notifications

• Digital Banking

• Digital Wallet

• Other Additional Information: Staff assisted transactions - Branch and Contact Centre

• Unlimited Txns

Product Eligibility

• Business Additional Information: A domestic business with an ABN or ACN where relevant (e.g. company, sole trader, partnership, association, trust)

• Other Additional Information: Where an overdraft is approved, the overdraft will be secured by residential property, commercial property and/or business assets

Bank Fees and Charges

• Cheque Dishonour (Event), Amount: 9.00. Additional Information: Payable when a cheque drawn by you or deposited by you that has not been accepted by us or another financial institution.

• Direct Entry Dishonour (Event), Amount: 9.00. Additional Information: Payable when a direct entry (inward and outward) is dishonoured.

• Document Fee (Event), Amount: 60.00. Additional Information: $60.00 per hour (subject to minimum $10.00 per copy). Payable if you request copies of documents such as withdrawal forms or statements, or you ask us to verify a transaction performed on your Account e.g. evidence of a Visa Debit Card purchase.

• Financial Institution Cheque (Event), Amount: 2.50. Additional Information: Payable when you request us to issue a financial institution cheque.

• Foreign Currency Conversion Service Fee (Transaction), Amount: Not Listed.. Additional Information: A 1% service fee on the Australian dollar equivalent is payable for foreign currency transactions using your Mutual Visa Debit Card.

• Miscellaneous Service Fee (Event), Amount: 60.00. Additional Information: $60.00 per hour. Payable if you request information not covered by the Document Fee.

• Overseas Telegraphic Transfer (outward) - Australian Currency (Event), Amount: 50.00. Additional Information: Payable if we assist you send funds electronically overseas in Australian dollars.

• Overseas Telegraphic Transfer (outward) - Foreign Currency (Event), Amount: 30.00. Additional Information: Payable if we assist you send funds electronically overseas in a foreign currency.

• Physical Foreign Currency (Transaction), Amount: Not Listed.. Additional Information: 1% of Australian currency equivalent amount. Payable when physical foreign currency is issued or purchased.

• Reference Fee (Event), Amount: 9.00. Additional Information: Payable each time the account becomes overdrawn without our prior agreement.

• Unclaimed Monies Fee (Variable), Amount: 20.00. Additional Information: The lessor $20.00 or account balance. Payable when an account is classified as dormant.

• Replacement Card Fee (international) (Event), Amount: 100.00. Additional Information: Payable if you request a replacement card when overseas via Visa Global Cardholder Assistance Service (GCAS), payable when the request is processed.

• Replacement Card Fee - Visa Debit Card (Variable), Amount: Not Listed.. Additional Information: $Nil - Payable if you request a replacement Visa Debit Card.

• Online International Transfer (outward) (Event), Amount: 30.00. Additional Information: Payable if you use online banking to transfer funds internationally.

• Becs Sponsorship (Upfront), Amount: 500.00. Additional Information: Subject to approval if your business requests sponsorship within BECS. $500.00 upfront fee, $0.25 per non direct debit item for The Mutual Bank, $Nil per direct debit item for The Mutual Bank.

• Atm Owner Fee (Variable), Amount: Not Listed.. Additional Information: This fee amount is disclosed at the time of the ATM transaction and charged by the ATM owner for an ATM transaction including an ATM enquiry.

• Agents Costs Overdraft (Variable), Amount: Not Listed.. Additional Information: May apply if overdraft facility approved. Not ascertainable. Payable to us or our solicitor or their agent when they attend to the registration of a discharge of mortgage at your request or when an agent is required to attend a settlement, produce or lodge documents at the Lands and Property Services division of New South Wales Department of Lands or its equivalent in other jurisdictions.

• Consent Fee Overdraft (Event), Amount: 200.00. Additional Information: May apply if overdraft facility approved. Per consent. Payable to us when you ask us to consent to leasing, subdividing or any other dealing in relation to the security property.

• Default Administration Fee Overdrafts (Event), Amount: 50.00. Additional Information: May apply if overdraft facility approved. Payable to us when you are in default because you have not (or a security provider has not) performed an obligation on time (including any obligation to pay money).

• Discharge Administration Fee Overdraft (Event), Amount: 200.00. Additional Information: May apply if overdraft facility approved. Per security. Payable to us each time we release a security.

• Duplicate Fee Overdrafts (Event), Amount: 20.00. Additional Information: May apply if overdraft facility approved. Per copied document. Payable to us when we provide a copy of a document at your request.

• Duplicate Statement Fee Overdrafts (Event), Amount: 7.00. Additional Information: May apply if overdraft facility approved. Payable to us when we provide a copy of a statement at your request.

• Information Fee Overdrafts (Variable), Amount: 20.00. Additional Information: May apply if overdraft facility approved. $1.00 per minute ($20.00 minimum fee). The fee will be calculated on the actual time spent retrieving and providing the information requested. Payable to us to provide information and that information is provided in writing.

• Production Fee Overdrafts (Event), Amount: 200.00. Additional Information: May apply if overdraft facility approved. Per document per production, plus any agents fees. Payable to us if we produce a document to the Land and Property Information division of the NSW Department of Lands or its equivalent in other jurisdictions.

• Renegotiation Fee Overdrafts (Variable), Amount: Not Listed.. Additional Information: May apply if overdraft facility approved. Amount available on application. Payable to us whenever we agree to renegotiate or vary conditions on your loan other than altering interest rate options.

• Security Substitution Fee Overdrafts (Event), Amount: 300.00. Additional Information: May apply if overdraft facility approved. Per new security. Payable to us to substitute a new security for an existing one.

• Loan/overdraft Service Fee Comm (Variable), Amount: 50.00. Additional Information: Minimum fee $50.00 per quarter. Amount available on application. Fee is debited on your account quarterly in arrears on the last day of March, June, September and December.

• Settlement Fee Overdrafts (Event), Amount: 150.00. Additional Information: May apply if overdraft facility approved. Per settlement. Payable to us each time we or our solicitors attend settlement in connection with a security.

• Valuation Fee Overdrafts (Variable), Amount: Not Listed.. Additional Information: May apply if overdraft facility approved. Valuation fees are available upon enquiry. Valuation Fees are payable in relation to each property to which a loan is secured, and may vary according to the location of the secured property.

 Limitations & Restrictions (Constraints)

• Opening Balance of 0.00

• Min Balance of 0.00