Business customers' terms and conditions

Part A: Fees and charges and how to minimise them. ​
Tables: ​

Business accounts: Features ​

Table: Corporate accounts: Features​

Table: Specialist industry accounts
– Society Cheque Account: Features

In the row Interest paid for the Business Cheque Account Plus, Business Access Saver, Business Cheque Account, Call Deposit and Society Cheque Account amend the text to read:​

Monthly​

Tiered interest is paid on certain balances

Part A – Fees and charges and how to minimise them - Other account fees and charges.   ​

Telegraphic Transfer   ​

Direct Entry  

Fees applicable to the following scenarios have been added: Local Telegraphic Transfers; and Telegraphic Transfer (TT) Request (Outward) requested via branch ​

Clarified that fees applying to transactions through Business Banking Online can be viewed via the applicable Business Banking Online terms and conditions, with reference on how to access this information.   ​

Minor changes have been made to some fee names listed in this section for consistency with the Business Banking Online terms and conditions  

Section 29 - When we may delay or refuse transactions

Section 30 - Payments made in error

Uplifted and updated to allow for the return of funds to the account from which they were received, or to pay the funds to any other account where it is appropriate to do so.

Section 32 Definitions

A definition for Business Banking Online or BBO is added: Means the Bank of Melbourne online banking platform where business customers can view, manage and transact on their accounts. The Business Banking Online and Payment Services Terms and Conditions and the Business Banking Online fees and charges brochure are located at Business Banking Online.​

A definition for Internet Banking is added: Means Bank of Melbourne Internet Banking. The Bank of Melbourne Internet and Phone Banking Terms and Conditions are located at Internet Banking.