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Easy-access savings for your business

Access funds anytime, anywhere
Manage your savings online and on mobile, making transfers via a BankSA everyday account.1
No minimum deposits or balances
Build your savings balance at your own pace, with no pressure to meet minimum deposits each month.
No lock-in contract with a fixed term
Enjoy the flexibility of accessing your savings whenever you need them, with no restrictions.
No account-keeping and transfer fees
For no monthly fee, make unlimited electronic transfers to and from your linked BankSA account.2

More benefits of this savings account

Take better control of your finances
Having a separate account for business savings helps keep you on top of your cash flow and finances.
Save time at tax time
Keeping your business and personal savings in separate pools, makes life simpler when completing your tax return.
Earn interest on your savings
Your savings will attract a variable interest rate, earned daily and paid monthly.
Keep your savings secure
We’ll repay any missing funds if your account is compromised by Internet fraud, as long as you’ve complied with our T&Cs.

Important numbers⁴

Eligibility check

  • 18 years or over (applicant plus all signatories)
  • Operating in Australia with an Australian address
  • Sole trader, partnership, company, association, self-managed super fund, trust, or not-for-profit organisation.

 

Who can apply online?

 

Open an account in minutes if you’re:

  • A sole trader or 1-director company, OR
  • Already a BankSA business customer.

 


If you’re not eligible to apply online, open an account at any branch.

What to take if you’re applying in branch

For your security, we’re required to check your ID and other documents before you can open a business account. 

Unsure of your business structure? Find out using your business registration.

ID options:

  • Driver licence or passport, OR
  • Birth/citizenship certificate PLUS Medicare card or recent utility bill in your/their name.


Check out other ID options (PDF 1MB)

Important information

Transaction, Savings and Investment Accounts Terms and conditions (incorporating fees and charges) (PDF 929KB)

Business Visa Debit Card Terms and Conditions and General Information (PDF 3MB)

This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors and read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement before deciding.

1. Access to funds is subject to systems availability. Daily transaction limits apply.

2. Other fees and charges may apply, including for branch access. Fees and charges may be payable on your eligible BankSA everyday account.