Find information about fees and costs that may apply to your Business Account.
Are there any fees to open a Business Account?
There are no fees to open the Business Account, transfer or withdraw funds, or close the account. You can use it day-to-day without incurring any transaction-related fees.
Are there ongoing fees for the Shift CMT?
Shift may earn fees in operating the Cash Management Trust. These are usually deducted from the income earned by the CMT rather than charged separately to you. We will provide you with details of the fees retained by Shift in your regular statements. Please refer to the Product Disclosure Statement on the Shift website to learn about all fees and costs associated with the Cash Management Account.
Need assistance?
Our friendly team is here to assist you. Please contact us on 1300 249 649 from Monday to Friday (8:00am – 7:00pm AET) and Saturday (9:00am – 2:00pm AET) or email contact@shift.com.au.
Shift RE Services Ltd (ABN 52 692 646 049) (AFSL 700230) (“Shift”) is the Responsible Entity and issuer of the Shift Cash Management Trust (ARSN 701 319 486) (“Fund”), a registered managed investment scheme. This information is general advice only and does not take into account your objectives, financial situation or needs. Consider the Product Disclosure Statement, available on this page, before deciding whether the product is right for you.
The Business Account is an investment in the Fund. Credit balances are invested in the Fund and represented by units. It is not a bank account, deposit account, term deposit or other liability of any bank. Shift is not an authorised deposit-taking institution (ADI). The interest rate associated with the Business Account is variable and may change at any time at the sole discretion of Shift. Capital is not guaranteed and is subject to investment risk. The Fund is not covered by the Australian Government Financial Claims Scheme.