Small business banker
We'll bring you the best and affordable professionals for your project.
Find and set up a business cheque account or switch to a better one.
Find and set up appropriate transactions accounts for your business to minimises fees and processes.
Compare and apply for a term deposit account that will maximise your business's investments.
Compare and get the best credit cards tailored to your business needs.
Find, compare and apply for a line of credit or overdraft for your business.
Seek help to improve or manage your cash flow including cash flow projections and planning.
Find, compare or switch your merchant services covering EFTPOS, Paypal, credit cards and other type of payments.
Search and apply for appropriate accounts and services to allow foreign transactions and banking.
Get loans and other types of financing for your small business from non-traditional lenders.
If you are starting your own business, it is essential to establish a relationship and set up accounts with a bank. Not only will they assist you in storing, transferring and receiving funds, they will be able to offer you financial advice, financing, lines of credit and cash management services to assist you in managing your financial affairs and growing your business. Your first decision will be which commercial bank you choose to work with - you may benefit from also setting up your personal accounts with the same bank or one of its subsidiaries.
How to choose a bank
The Australian banking sector is dominated by four major banks, who offer a huge range of financial services including both personal and business banking. The four major banks are:
Most businesses and individuals are well served by one of these four providers (or their subsidiaries), as they have the most control over financial markets and the largest access to capital, and therefore the most to offer their customers.
What banking services do you need?
Every business requires business banking accounts so that they can receive, store and transfer funds. There are three main types of bank accounts available for businesses and individuals:
In addition, you may consider the following banking services: