Business customers' terms and conditions
Products currently for sale
Select below to find the current T&Cs and recent changes.
Business products: Freedom Business Account, Business Cheque Account – Plus Business Access Saver. Land Agent’s, Broker’s and Valuer’s Trust Account, Solicitor’s Trust Account, Society Cheque Account
Summary of changes, effective 15 August 2025
Section reference | Change description |
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Section 1 - Summary of Features Table 1 – Transaction, Savings and Investment accounts |
Incentive Saver In the row Can I make direct debits and periodical payments? the text has been replaced with: “Direct debits only. Periodical payments are not available after 15 August 2025. *” and an asterisk has been added at the end of this sentence to state: “*Periodical payments set up by personal customers before 15 August 2025 will be honoured.” Investment Cash In the row Can I make direct debits and periodical payments? the text has been replaced with: Direct debits only |
Summary of changes, effective 1 August 2025
Section reference | Change description |
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Section 1. Summary of Features Table 2 – Business accounts. |
The type of base interest paid on the Business Access Saver is tiered interest. In the rows Will I earn interest? and What type of base interest will I earn?, delete the reference to ‘See the ‘How we pay interest section’ and replace with ‘See the ‘How and when we pay interest section’ for more details on interest. In the row What type of base interest will I earn? for Business Cheque Account - Plus, Business Access Saver and Society Cheque Account amend the text to read: Tiered interest is paid on certain balances. |
Summary of changes, effective 1 August 2025
Section reference | Change description |
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Section 6 – How and when we pay interest |
Under Eligible accounts, immediately before the table insert the following additional text: Business accounts For the business accounts in the Summary of Features Table 2 – Business accounts that are paid interest, the type of interest paid is tiered interest. Interest is paid monthly on the last business day of the month. Zero interest rates may apply, and then you will receive no interest on your account balance. Reference to interest being paid should be read accordingly. Personal accounts The following personal accounts are paid interest. Under the subheading What is tiered interest? add a new paragraph: Please note that different balance tiers may offer the same, a higher or a lower interest rate. |
Business Visa Debit Card
Products no longer for sale
Select below to find the current T&Cs and recent changes.
Commercial Line of Credit, Business Maximiser, Business Umbrella Investment Loan Account