Bank

Best Digital Business Bank Accounts Australia

Pooja Malik

Jul 28, 2026 5:05 PM IST

Category Bank

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Synopsis

Compare the best digital business bank accounts in Australia for 2026, including fees, online features, accounting integrations, multi-currency support and eligibility requirements to help startups, sole traders and SMEs choose the right banking solution.

Opening a business bank account in Australia is no longer just about searching for the cheapest option. With digital-first banks and fintech companies offering real-time payments, online accounting and multi-currency features, business owners are spoiled for choice.

This is because the needs of a sole trader are vastly different from that of an eCommerce business dealing with overseas suppliers.

According to the Reserve Bank of Australia (RBA), electronic payments make up the majority of all non-cash transactions. This highlights the importance for businesses to utilise digital banking services to their advantage. As a result, comparing a business bank account is not just about choosing between a $0 monthly fee or a $5 one.

This guide will walk you through the best digital business bank accounts in Australia for 2026.

Best Digital Business Bank Accounts in Australia

Provider	Monthly account fee*	Best suited for	Key features
Airwallex Global Account	$0	Businesses with international operations	Multi-currency balances, local receiving accounts, international transfers
Zeller Transaction Account	$0	Retailers, SMEs and sole traders	Business debit cards, expense management, accounting integrations
NAB Business Everyday Account	$0	Small businesses	Unlimited electronic transactions, online banking, Xero integration
Commonwealth Bank Business Transaction Account	$0 for eligible customers using eligible digital channels	Businesses wanting major-bank services	Mobile banking, accounting integrations, business tools
ANZ Business Essentials Account	Fees vary depending on product	Established businesses	Business banking app, payment solutions, lending access
Westpac Business One Account	Fees vary depending on package	Growing SMEs	Digital banking, merchant facilities, accounting integrations

*Fees, eligibility and features may change, so it is best to check with the provider.

Digital banking is reshaping business finance

More and more businesses are taking advantage of the convenience digital banking offers, from making online payments to syncing with accounting software. As a result, banks are rethinking their products to make it easier for businesses to open an account and utilise their services.

Most digital business bank accounts offer the following:

• Online application
• Mobile and internet banking
• Business debit card (Visa or Mastercard)
• Real-time notifications
• Syncing with Xero and MYOB (some support QuickBooks)
• Digital expense management
• Fast Payments (Australia’s New Payments Platform) where available

Some fintech companies even offer foreign currency accounts and international money transfer services in addition to standard Australian dollar accounts. This is a great option for businesses dealing with overseas suppliers and customers.

Comparing digital banking features

Feature	Traditional banks	Fintech providers
Online account opening	✓	✓
Mobile banking	✓	✓
Branch access	✓	Usually unavailable
Business lending	✓	Limited
Multi-currency accounts	Limited	Strong offering
International payments	Available	Often lower-cost options
Accounting integrations	✓	✓

Airwallex Global Account

Airwallex is one of Australia’s leading fintech companies, specialising in financial technology solutions for businesses with international operations.

Eligible businesses can open a Global Account with no monthly fees and store funds in over 20 different currencies. In addition to this, businesses can also receive localised account details in several countries, making it easier to receive payments from overseas without relying on SWIFT transfers.

The Global Account also offers accounting software syncs with Xero, QuickBooks and NetSuite, making it ideal for eCommerce businesses, importers and exporters, and software companies.

Best for: Businesses dealing with international payments.

Zeller Transaction Account

Zeller is a Melbourne-based fintech company offering a business transaction account for Australian businesses, rather than repurposing consumer products.

With no monthly fees, businesses can enjoy the flexibility of physical and digital Mastercard debit cards, expense management and Xero sync. Zeller Terminal users can also enjoy card payments being sent directly to their Zeller Transaction Account.

Zeller puts everything you need for a business in one place, from payments to banking and card management.

Best for: Retail businesses, hospitality businesses, sole traders and SMEs.

NAB Business Everyday Account

NAB’s Business Everyday Account is designed to give businesses the best of both worlds; the convenience of digital banking and the security of a traditional bank.

Eligible businesses pay no monthly fees and enjoy unlimited NAB electronic transactions, internet and mobile banking, and accounting software sync. Businesses dealing with NAB for other financial needs, like loans and merchant services, will also benefit from the seamless digital experience offered by the Business Everyday Account.

Best for: Small businesses searching for a digital business bank account with one of Australia’s leading banks.

Commonwealth Business Transaction Account

Commonwealth Bank continues to invest in its digital banking services, with CommBank app and NetBank being among the best in the market. Eligible businesses using Commonwealth Bank’s digital channels can enjoy a Business Transaction Account with no monthly fees.

The Business Transaction Account offers features like accounting software syncs, cash-flow insights and payment management. Businesses that still require occasional branch access will also benefit from Commonwealth Bank’s extensive branch and ATM network.

Best for: Businesses searching for a digital business bank account with a local touch.

ANZ and Westpac

ANZ and Westpac are two of Australia’s major banks that offer digital business banking in addition to their traditional services, like loans, merchant services and foreign exchange.

While both charge varying monthly fees depending on the package, ANZ and Westpac continue to enhance their mobile banking services and accounting software syncs.

If you are already utilising other financial services from ANZ or Westpac, it may be beneficial to keep your business banking with them as well.

What should businesses compare?

While monthly fees are important, they are only part of the equation. In addition to this, businesses should also compare:

• Electronic transaction fees
• International transfer fees
• Forex margins
• ATM withdrawal fees
• Accounting software syncs
• Business debit card features
• Cash deposits
• Customer support
• Security features, like multi-factor authentication

The Australian Securities and Investments Commission (ASIC) recommends reading the provider’s Product Disclosure Statement or terms and conditions before opening any financial product to understand the fees and features that come with the account.

Matching accounts to business needs

Business requirement	Suitable account type
Freelancers and sole traders	Low-fee digital transaction account
Startup	Digital account with accounting integration
Retail business	Account with integrated payment acceptance
eCommerce business	Multi-currency fintech account
Import/export company	International payments platform
Established SME	Traditional bank with digital banking features

Documents needed

While requirements vary between providers, most businesses will need the following:

• Australian Business Number (ABN)
• Australian Company Number (ACN) if applicable
• Identification for directors/shareholders
• Registered business address
• Business contact details
• Company structure

Most providers will complete the identity verification process online, although some may require additional documentation, depending on the business structure and Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) obligations.

Choosing the right digital business account

The best digital business account is dependent on how you operate your business, rather than which provider offers the lowest fees. A sole trader with local clients will have different needs to an exporter dealing with international clients. 

While traditional banks continue to offer digital banking services alongside their core services, fintech companies have been able to disrupt the market by offering a faster, more convenient onboarding experience and enhanced digital features. 

Comparing the fees, in addition to electronic transaction fees, features like accounting software syncs, international support and security, will give a better indication of value for money than just the monthly fee.

Sources

Reserve Bank of Australia (RBA) – Payments System and Consumer Payments Data
Australian Banking Association (ABA) – Banking industry data and digital banking insights
Australian Securities and Investments Commission (ASIC) – MoneySmart Business Banking Guidance
Airwallex Australia
Zeller – Transaction Account
Commonwealth Bank – Business Transaction Account
NAB – Business Everyday Account
ANZ – Business Banking
Westpac – Business Banking