Business Banking

Discussion in 'Starting & Running a Business' started by Andrew Allen, 4th Jan, 2010.

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  1. Andrew Allen

    Andrew Allen Well-Known Member Business Member

    Joined:
    20th Jun, 2015
    Posts:
    369
    Location:
    Brisbane
    Any suggestions for a bank to setup a business account?

    Will go and have a browse on infochoice but am curious as to whether there are any standouts?
     
    Andrew Allen, 4th Jan, 2010
    #1
  2. jrc77

    jrc77 Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    142
    What's the purpose of the account?

    I use Savings and Loan Credit Union (Business Online account) for running my trust - for my usage it has no bank fees, pays good interest rate (3% for balances less than $5000, 3.9% for balances over $5000), direct debit/credits and internet access.

    As it is a credit union, it doesn't have many branches (only one in Sydney when I set up the account) meaning I had to go into the city to open the account. After that I have done everything via phone or fax - their customer service has actually been fantastic.

    For my usage, it's perfect.

    Regards,

    Jason
     
    jrc77, 4th Jan, 2010
    #2
  3. BillV

    BillV Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,555
    Location:
    Sydney
    Depends on your requirements
    If you need a cheque book your options are limited.
    For straight forward online account, I'd go with rabobank
    I believe the account is called premium saver and paying 5.5%
    but you need to be depositing at least $200/month to get the premium interest rate
     
    BillV, 7th Jan, 2010
    #3