Business Cheque Account

Designed specifically to meet the needs of small to medium businesses, this low cost account handles your day-to-day transactions efficiently.

Features

  • Easy access to your funds with a Visa Debit card or chequebook
  • 50 or 100 leaf chequebooks and duplicate deposit books free of charge
  • Statements posted after 100 transactions, six months or on request
  • Business overdraft facilities available
  • Free access to online and phone banking
  • Access to Heritage ATMs and over 2,900 Network ATMs nationwide
  • Bank@Post will be available from 8th July 2016, refer to the fees tab for further information

Visa Debit subject to application and approval. Please read the Guide to Heritage Deposit Products (available in branch, by phoning 13 14 22 or here) and consider whether this product is right for you.

Rates & Fees

Interest Rate

business cheque account (s13)0.01%
Rates effective from 24/08/2016
General Fees Fee Amount
Monthly account keeping fee $0
Business internet banking security token (including replacement security tokens) $50.00 per token each 3 years
Transaction type Monthly fee free zone Fee per excess transaction
Heritage internet banking Unlimited Free
Heritage Access Line phone banking
Direct credits
Direct debits
Counter cash deposits
Presented cheques 10* $0.50
Counter cash withdrawals, transfers and BPAY
Heritage ATM withdrawals, transfers and balance enquiries
EFTPOS
Cheque deposits
Network ATM withdrawals and balance enquiries $1.75
Non-Heritage counter withdrawals (Visa) 0 $2.50
Overseas ATM or counter withdrawals (Visa) 0

$5.00 plus overseas currency conversion fee 

 Bank@Post cheque and cash deposits   0#  $2.50 
 Bank@Post withdrawals $2.50 
 Bank@Post enquiries  0.30c

*Your 10 free monthly transactions will be increased to 40 if, at the end of the month, your account has been open during the entire month and:

  • there is a Heritage home loan or investment loan (other than a Living Equity line of credit), a Heritage business loan (other than a Business Overdraft) or a Business Line of Credit under any member number related to your account and for which you have given us recognised instructions to link to your account; or
  • there is a Heritage Business Visa credit card account under any member number related to your account and which you have given us recognised instructions to link to your account, and at least one purchase, Bpay or cash advance was made on the credit card account during the month; or
  • you have total credit balances of at least $50,000 in Heritage accounts under the same member number as your account.

(Even if you satisfy more than one of these conditions, your fee free zone will not be increased to more than 40.) Only a maximum of 10 Network ATM transactions will be free.

#Special zoned members (those with a residential postcode recorded by Heritage within the range 0000 to 3999, 4385 to 9999 or 4311, 4312, 4313 4360 and 4361) may make unlimited Bank@Post cheque deposit and Bank@Post cash deposit transactions without attracting transaction fees for these transactions.

* Based on a $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Please read the Guide to Heritage Deposit Products (available in branch, by phoning 13 14 22 or here) and consider whether this product is right for you.