Business Account

Thriday business account review

Content Team

June 22, 2026

Summary

Built for sole traders only with Thriday currently not supporting company, trust, or partnership structures, making it unsuitable for businesses operating under these arrangements.
3 pricing tiers with a free base plan, a Time-saver plan at AUD $29.95/month, and a fully managed BAS and tax service at AUD $119/month, with all subscription fees 100% tax-deductible.
Banking and accounting combined in one platform with every transaction automatically captured, categorised, and used to update bookkeeping and forecast tax positions in real time.
Up to 10 linked transaction accounts at no extra cost, which is particularly useful for sole traders following the Profit First cash management methodology.
Deposits protected up to AUD $250,000 through Regional Australia Bank, which holds the Australian Financial Services Licence and issues all transaction accounts and Visa Debit cards.
No outbound international transfers with Thriday only accepting incoming international payments at a flat AUD $15 fee, and overseas card use attracting a 3.5% conversion fee on top of Visa's exchange rate.
Advanced automation is behind the paid plan meaning free users have limited access to AI-powered features like automated allocations, enhanced tax forecasting, and cash flow insights.
BAS lodgment is available directly through the platform with self-service starting at AUD $59.95 or accountant-assisted at AUD $199.95, removing the need for a separate accounting service.

If you're a sole trader buried in receipts and bookkeeping, Thriday promises to simplify it all. The platform combines banking, accounting, and tax tools in a single app for small business owners in Australia. This Thriday business account review covers features, fees, eligibility, and alternatives to help you decide if it’s the right fit.

What is Thriday? Brand overview

Founded in 2020 and launched in 2022, Thriday is built for Australian sole traders and small businesses. It operates as an authorised representative (No. 1297601) of Regional Australia Bank (RAB), which holds an Australian Financial Services Licence (AFSL 241167) and issues all transaction accounts and Visa Debit cards.

How does the Thriday business account work?

Thriday gives you up to 10 linked transaction accounts backed by Regional Australia Bank. Every transaction made with your Visa debit card is automatically captured, categorised, and used to update your bookkeeping and forecast your tax position.

Thriday's three-plan structure overview

Our Thriday business account review would be incomplete without going over the platform's tiered subscription model. You can choose from 3 core plans:

Tireless Transacting (free): Base plan with no monthly fee, full banking features, a Visa debit card, and core bookkeeping tools
Time-saver (AUD $29.95/month or AUD $299/year): Adds AI-powered automation, including automated allocations, real-time tax calculations, and interest earning across all accounts
BAS+Tax (AUD $119/month): Fully managed accounting and tax service with 4 BAS lodgments per year, end-of-year tax lodgment, cash flow optimisation, and FY tax planning

The Time-saver plan is free for the first month, and all subscription fees are 100% tax-deductible.

Thriday Tireless Transacting plan: Full review

The Tireless Transacting plan is where most users start, offering more than expected from a free tier.

Feature	What It Does	Key Detail
Multiple Linked Accounts	Open up to 10 transaction accounts at no extra cost	Useful for sole traders following the Profit First cash management methodology
Accounting Automation	Machine learning categorises transactions and matches them to receipts and invoices	Receipts can be scanned and uploaded directly through the app
Tax and Cash Flow Forecasting	Forecasts your tax position in real time with visual charts and reports	Provides a real-time estimate of what you owe the ATO
Invoice and Quote Creation	Create professional invoices and quotes directly from the platform	Incoming payments are automatically matched to the corresponding invoice
Bill Upload and Payment Scheduling	Scan or upload bills, review, approve, and schedule payments from within the app	Supports transfers to external accounts if needed
Thriday Visa Debit Card	Works wherever Visa is accepted with Apple Pay and Google Wallet support	Nationwide ATM access up to AUD $1,000 daily; cash deposits via Bank@Post
BPAY and Electronic Transfers	Supports BPAY, electronic funds transfers, and direct debits	Transfers to Australian bank accounts only
Mobile App	Manage accounts, scan receipts, send invoices, and monitor tax position on the go	Available on iOS and Android with an average rating of 4.7 stars
Export and Integration Options	Export transaction data as CSV or connect to accounting software	Integrates with Xero, QuickBooks, and MYOB; monthly PDF statements available

Higher-tier plans: What's available?

Higher-tier plans offer extra automation and support:

Automated allocations triggered by income or expense patterns
Enhanced tax forecasting and cash flow insights
Accountant-assisted BAS lodgment and tax services

The BAS+Tax plan hands off compliance entirely to Thriday's registered tax agents. BAS lodgment is also available as a standalone add-on.

Thriday business account fees

The base plan has no monthly fee and no minimum deposit. The Time-saver plan costs AUD $29.95 per month or AUD $299 annually.

ATM withdrawals are free at major Australian ATMs. International card transactions attract a 3.5% currency conversion fee, and incoming international payments carry a flat AUD $15 charge.

International payments with Thriday

Thriday accepts incoming international payments for AUD $15 but does not support outbound transfers. Overseas purchases incur Visa's exchange rate plus a 3.5% fee.

Eligibility: Who can open a Thriday account?

Thriday is currently available to sole traders in Australia. Company, trust, and partnership support is planned but not yet live.

You need a valid Australian Business Number (ABN). An Australian Company Number (ACN) will become relevant once company structures are supported.

Documents required

To open an account, you will generally need:

An ABN
Valid personal ID such as a driver’s licence or passport
Basic business details, including name and address
A tax file number (TFN) for tax-related features

How to open a Thriday account

If you decide to open an account, go to the Thriday website or download the app, click "Join For Free," and complete the registration steps with your personal details and ABN. After completing the identity verification, you'll have immediate online access and a digital Visa debit card, with your physical card mailed shortly after.

Is Thriday safe? Regulatory status and security information

Thriday operates under Regional Australia Bank (Australian Financial Services Licence, No. 241167), with deposits protected up to AUD $250,000. The platform is ISO 27001 certified and AUSTRAC enrolled.

Pros and cons

Before deciding if the Thriday business account is right for you, it’s worth weighing its main advantages and limitations. Here’s a clear overview of what the platform does well and where it may fall short.

Pros	Cons
No monthly fees or minimum deposits on the base plan	Limited to sole traders only
Up to 10 linked transaction accounts	No outbound international transfers
Automated receipt matching and tax forecasting	3.5% conversion fee plus Visa's mark-up on overseas card use
FCS-protected deposits via RAB	Advanced automation requires the Time-saver plan

Thriday currently supports sole traders only, and the absence of outbound international transfers is a constraint for businesses paying overseas. The most useful automation features are behind the paid plan, so free users will experience limited functionality.

Thriday customer support

Support is via online chat, phone (1800 847 4329), or email (wecare@thriday.com.au) during weekday business hours. Paid plan users receive priority support. In-app tutorials cover many common questions.

Ideal business types for Thriday

Thriday works best for sole traders such as freelancers, consultants, tradies, creatives, and gig economy workers who want to reduce their financial administrative loads. It is less suited for businesses transacting in foreign currencies or operating under company or trust structures.

Alternatives to Thriday

If this Thriday business account review has left you hesitating, Aspire is a strong alternative. Aspire offers multi-currency accounts, expense management, and accounts payable functionality for founders operating across borders.

FAQs

Here are some answers to commonly asked questions.

Does Thriday charge monthly fees?

The base Tireless Transacting plan has no monthly fee, while the Time-saver plan costs AUD $29.95/month or AUD $299/year.

What bank is behind Thriday?

Thriday’s transaction accounts and Visa debit cards are issued by Regional Australia Bank (ABN 21 087 650 360), which holds an Australian Financial Services Licence with deposits protected by the Financial Claims Scheme.

Can I use Thriday to lodge my BAS?

Thriday allows BAS lodgment directly through the platform, with self-service starting at AUD $59.95 or accountant-assisted for AUD $199.95 including GST.

Sources

Thriday - https://www.thriday.com.au
Thriday - https://www.thriday.com.au/features/tireless-transacting
Thriday - https://www.thriday.com.au/pricing
Thriday - https://www.thriday.com.au/blog-posts/thriday-pricing

This blog is for general information only and does not constitute financial, legal, tax, or professional advice. Aspire’s services are subject to the terms outlined in our 'Terms of Service' and 'Pricing' pages. We make no guarantees as to the accuracy, completeness, or timeliness of the content, and past results do not indicate future performance. Always consult a qualified professional before acting on any information provided.