Bring your transactions and savings into one place, with the fee-free business bank account that saves you time and money.
Why bank with Tyro?
No batching fees, no monthly account keeping fees, no dishonor fees, no ABA upload fees or transaction fees.
Earn daily and bonus interest with rates that increase the longer you leave your money in your Bank Account. Learn more.
Control and flexibility
Pay any Australian account in the way that suits you: Bank transfer, BPAY, direct debits and ABA uploads all for free using your mobile.
Funds 7 days a week
Get your EFTPOS funds paid every day§ at a time you choose.
Integration with Xero®
Schedule batch payments in Xero – including BPAY and bank transfers – and approve in the Tyro app with one tap. Integrated bank feeds back to Xero provide seamless reconciliation.
Your deposits are protected under the Financial Claims Scheme up to $250,000 per account holder.
For more information visit ASIC's website.
Initiate payments using Siri's voice command. Tyro has the first business bank account in Australia which allows payments to be made using Apple's smartphone assistant, Siri.
Track EFTPOS Transactions
See hourly transactions to pick up on sales times and trends.
If your account is running low on funds, we’ll let you know, so you can reschedule your bill payments.
Keeping you safe
If a new payee is included in a batch we’ll notify you before you approve the payment.
|Base Interest Rate||1.00% p.a.|
|Combined Base & Bonus Interest Rate|
|Longer than 30 days||1.25% p.a.|
|Longer than 60 days||1.50% p.a.|
|Longer than 90 days||1.75% p.a.|
^ The Tyro Bank Account is also known as the Tyro Smart Account and is governed by Tyro's EFTPOS Banking Terms and Conditions
§ Applies to Tyro settled funds only – excludes HealthPoint and funds settled directly by Afterpay, American Express, JCB and Diners Club International.
Tyro EFTPOS Banking customers who do not opt to have EFTPOS funds remain in their Tyro Bank Account have their EFTPOS takings auto-swept to their nominated linked bank account and do not earn any interest. Interest rates are variable and subject to change. Interest is calculated daily and paid monthly on the third business day.
The Tyro Bank Account is a protected account under the Financial Claims Scheme which guarantees repayment of depositor funds up to $250,000 per account holder at an authorised deposit taking institution in the unlikely event of their insolvency. For more information visit ASIC's website.
Xero is a trademark of Xero Limited.