Have greater flexibility with your settlements

Your ideal business companion

Designed to complement Tyro EFTPOS and eCommerce, the Tyro Bank Account helps you settle sooner and can be configured to automatically transfer a percentage of your daily takings to your external linked bank account. Leaving you with more time to run your business and less time worrying about banking admin.

Tyro Bank Account

Earn interest

Earn more interest on your funds the longer you leave them in the account, and still have access to your funds when you need it.

Interest Rates
Effective as of 12 November 2020

On 12 November 2020 the Base Interest Rate on the Tyro Bank Account changed from 0.25% p.a. to 0.10% p.a. The Bonus Interest Rate tiers also changed from 0.25% p.a. to 0.10% p.a.

_{Rates effective 12 November 2020 but subject to change. Interest rates are variable and interest is calculated daily and paid monthly on the third business day. Bonus interest is paid on the portion of the balance that falls within each tier. Tyro EFTPOS and eCommerce Banking customers who do not opt to have funds remain in the Tyro Bank Account and have their daily takings auto-swept to their nominated linked bank account, do not earn any interest.}