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Business Banking Finder™ – Compare business banking solutions

The right mix of banking products can help you manage and grow your small business.

Jeremy Cabral
Jeremy Cabral

Last updated:

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From bank accounts to business loans, the right business banking products will help you start, maintain and grow your business effectively. Whether it be a business credit card, transaction account or another business banking another – it's important to compare your options first.

Compare business banking solutions

Updated April 4th, 2020
$
Name Product Card access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee
NAB Business Everyday Account ($0 Monthly Fee Option)
NAB Business Everyday Account ($0 Monthly Fee Option)
Visa
$0
$0
$0 monthly account-keeping fee.
Unlimited standard NAB electronic transactions.
Tap and pay with your NAB Business Visa Debit and your smartphone using Apple Pay, NAB Pay, Samsung Pay or Google Pay.

More Info
Westpac Business One Account - Low Plan
Westpac Business One Account - Low Plan
Mastercard
$0
$0
Unlimited free electronic transactions, 25 free staff-assisted and cheque transactions every month and a linked Business Debit Mastercard.
More Info
Commonwealth Bank Business Transaction Account
Commonwealth Bank Business Transaction Account
Visa
$0
$0
An everyday transaction account with no monthly account keeping fee and a linked business Visa Debit card to help you manage your business transactions. Make unlimited electronic transactions for free. Switch to the $10 monthly account fee option and get 20 free staff-assisted transactions per month.
More Info
Westpac Business One Account - High Plan
Westpac Business One Account - High Plan
Mastercard
$0
$0
An account designed to handle all of your large volume business transaction needs.
More Info
NAB Business Everyday Account ($10 Monthly Fee Option)
NAB Business Everyday Account ($10 Monthly Fee Option)
Visa
$0
$0
Make unlimited online and staff-assisted transactions for one flat monthly fee.
Enjoy dedicated support from NAB Business bankers available seven days a week.
More Info
St.George Business Cheque Account Plus
St.George Business Cheque Account Plus
Visa
$0
$0
This account is ideal for businesses that make a large number of transactions. Pay one $20 monthly account fee and make up to 70 in-branch transactions for free per month.
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ANZ Business Advantage
ANZ Business Advantage
Visa
$0
A convenient everyday transaction account with one monthly fee. You can opt for a free linked ANZ Business Visa Debit card with this account.
More Info
ANZ Business Extra
ANZ Business Extra
Visa
$0
Enjoy access to ANZ Internet Banking for Business, plus ANZ’s optional Business Overdraft facility, which can be attached to the ANZ Business Extra at your request.
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Rates last updated April 4th, 2020
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$
months
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned Product Description
AMP Business Saver Account
AMP Business Saver Account
1.60%
0.75%
0.85%
$0
$0 / $0
New customers can earn an introductory rate of 1.60% p.a. for 6 months, reverting to an ongoing variable rate of 0.75% p.a. Earn interest on your business funds.
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ANZ Business Premium Saver
ANZ Business Premium Saver
0.10%
0.10%
$0
$5,000 / $0
This business savings account pays interest on your balance while also allowing easy access to your funds.
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BankSA Business Access Saver
BankSA Business Access Saver
0.05%
0.05%
0.00%
$0
$0 / $0
Ongoing, variable 0.05% p.a. when you link to a business transaction account. Available on the entire balance.
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Bank of Melbourne Business Access Saver
Bank of Melbourne Business Access Saver
0.05%
0.05%
0.00%
$0
$0 / $0
Ongoing, variable 0.05% p.a. when you link to one of the Bank of Melbourne’s eligible business transaction accounts. Available on the entire balance.
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ANZ Business Online Saver
ANZ Business Online Saver
0.15%
0.15%
$0
$5,000 / $0
Pay no account keeping fees and earn an ongoing, variable rate of 0.15% p.a. on balances more than $5,000.
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Commonwealth Bank Business Online Saver
Commonwealth Bank Business Online Saver
0.10%
0.10%
$0
$0 / $0
Ongoing, variable 0.10% p.a. when you link to Commonwealth Bank Premium Business Cheque Account or Business Transaction Account and maintain a balance of $10,000 or more.
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Citibank Ultimate Business Saver
Citibank Ultimate Business Saver
0.40%
0.40%
0.00%
$0
$10,000 / $0
Ongoing, variable rate of 0.40% p.a. on your balances between $10,000 to $999,999.99.
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ING Business Optimiser
ING Business Optimiser
1.25%
0.25%
1.00%
$0
$0 / $0
Introductory rate of 1.25% p.a. for 6 months, reverting to a rate of 0.25% p.a. Available on balances below $1,000,000.
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Updated April 4th, 2020
Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Westpac Business Term Deposit
Westpac Business Term Deposit
1.05%
0.95%
0.90%
0.90%
1.00%
1.00%
1.00%
Enjoy flexible repayment and reinvestment options at the end of the term with no setup or service fee.
More Info
ING Business Term Deposit
ING Business Term Deposit
0.85%
1.50%
1.55%
0.85%
1.60%
1.60%
A fixed interest rate for your business savings with a wide range of timeframes.
More Info
NAB Term Deposit
NAB Term Deposit
1.05%
1.00%
1.00%
1.00%
1.20%
1.00%
1.00%
Invest your money in a NAB Term Deposit and earn a fixed interest rate for the life of the term, with no setup or account fees. This term deposit is for personal customers with deposits from $5,000.
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ANZ Business Notice Term Deposit
ANZ Business Notice Term Deposit
1.00%
0.93%
0.85%
1.00%
0.85%
0.95%
0.95%
Invest your surplus business funds of $5,000 or more and enjoy a fixed rate of return. Choose a term length that suits your business, from one month to five years.
More Info
Commonwealth Bank Business Term Deposit
Commonwealth Bank Business Term Deposit
0.95%
0.90%
0.90%
0.95%
1.00%
1.00%
1.00%
More Info
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Rates last updated April 4th, 2020
Details Features
Tyro
Tyro
  • 24/7 local support available
  • Countertop and mobile EFTPOS terminals
  • 11+ payment forms accepted including Apple Pay and Android Pay
  • Least-cost routing available via Tyro Tap & Save
  • From $29 a month for terminal hire with no lock-in contracts
  • Compatible with any Australian financial institution
  • Integrates seamlessly with your existing point of sale
  • Used by over 20,000 Australian businesses
  • Available linked interest-earning transaction account
 Go to site More info
Updated April 4th, 2020
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
American Express Qantas Business Rewards Card
American Express Qantas Business Rewards Card
N/A
$450 p.a.
ABN holders w/ $75,000 revenue. Get 120,000 bonus points, 3x points on eligible Qantas flights & 2 lounge passes per year. Ends 5 Apr 2020.
Go to site
More Info
American Express Business Explorer Credit Card - Online Offer
American Express Business Explorer Credit Card - Online Offer
16.99% p.a.
$0 p.a. annual fee for the first year ($395 p.a. thereafter)
ABN holders w/ $75,000 revenue. Get 100,000 bonus points and a $0 annual fee for the first year. Plus, complimentary insurance and lounge passes.
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American Express Platinum Business Card
American Express Platinum Business Card
N/A
$1,750 p.a.
ABN holders w/ $75,000 revenue. Get 150,000 bonus points and up to 2.25 points/ $1 spent on eligible business purchases.
Go to site
More Info
American Express Business Card
American Express Business Card
N/A
$109 p.a.
ABN holders w/ $75,000 revenue. Up to 1.5 points/ $1 spent and extended cashflow with up to 51 days interest-free on business purchases.
Go to site
More Info
American Express Gold Business Card
American Express Gold Business Card
N/A
$169 p.a.
ABN holders w/ $75,000 revenue. A business card with no pre-set spending limit, data feeds to MYOB and up to 51 days to pay for purchases.
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More Info
American Express Velocity Business Card
American Express Velocity Business Card
N/A
$249 p.a.
ABN holders w/ $75,000 revenue. A business charge card offering Velocity Points per $1 spent and up to 51 days interest-free on purchases.
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Updated April 4th, 2020
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee
OnDeck Business Loans
OnDeck Business Loans
$10,000
$250,000
6 months to 2 years
2.5% of loan amount
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
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More Info
ANZ Secured Business Loan
ANZ Secured Business Loan
$10,000
$10,000,000
Up to 15 years
$600
You can choose a fixed or variable interest rate
Benefit from a low rate when you secure this loan with property and/or business assets. Loans from $10,000 available.
Enquire now
Prospa Business Loan
Prospa Business Loan
$5,000
$300,000
3 months to 3 years
3% origination fee
Small business loans are available from $5,000 - $300,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $6,000 is necessary.
Go to site
More Info
Westpac Business Loan
Westpac Business Loan
$5,000
$1,000,000
1 to 30 years
$0 application fee
Purchase a new vehicle, equipment or support your cash flow with a business finance solution from Westpac.
Enquire now
Valiant Finance Business Loan Broker
Valiant Finance Business Loan Broker
$5,000
$1,000,000
3 months to 5 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
Enquire now
Max Funding Unsecured Business Loan
Max Funding Unsecured Business Loan
$2,000
$300,000
1 month to 1 year
$0 application fee
An unsecured business loan from $2,000 that offers convenient pre-approval and no early repayment fees.
Go to site
More Info
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Finding the best business savings account for your needs

A business savings account allows you to earn interest on your business funds while you're not using them. These accounts are a convenient way to earn passive income and can be linked to your business transaction account for easy access whenever you need it.

Compare business transaction accounts

If your business is registered as a partnership, company or trust in Australia, you’re required to open a business transaction account. These are accounts designed specifically with businesses in mind and can be used to pay for your day-to-day business expenses, pay invoices and wages and receive payments from clients and customers.

Reducing business banking costs

Keeping costs to a minimum is a crucial aspect of budgeting effectively as a small business owner. Paying unnecessary banking fees can eat into your business profits but choosing the right transaction and savings accounts can help you minimise or avoid these fees entirely.

Are you looking for other business banking solutions?

You don't need to be an accountant to take charge of your company's finances. There are plenty of products in Australia that can make it easier for you to manage your business. These products provide unique solutions to make your operations smoother and are specifically designed with the needs of business owners in mind. Read our guides below to find out more about how these solutions can help you.

Business loans

Learn everything you need to know about business financing using our comprehensive guide on business loans. Compare your credit options and apply for a business loan in minutes.

Business loans

Business credit cards

Business credit cards are designed to suit the unique financial needs of different types of companies. Use this guide to compare business credit cards and find the right one for your business.

Business credit cards

Business insurance

Getting the right business insurance can protect you from unforeseeable events such as injuries, damages, theft and penalties impacting your business. Compare all your options using our guide.

Business insurance

Watch: 5 winning strategies to improve small business cash flow

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4 Responses

  1. Default Gravatar
    vandaJune 13, 2018

    which bank provide cheapest and best and fast eftpos mobile terminal for small business

    Reply
    • Avatarfinder Customer Care
      NikkiJune 15, 2018Staff

      Hi Vanda

      Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      Kindly note that we are a product comparison website, therefore, we are not in the position to give you a recommendation. We give general information to assist you in your buying decision process.

      Regarding your inquiry:

      which bank provide cheapest and best and fast eftpos mobile terminal for small business

      Please go to this page to give you more information on transactions for small businesses.

      Hope this helps. Feel free to message us back should you further questions.

      Cheers,
      Nikki

      Reply
  2. Default Gravatar
    ellieMarch 22, 2018

    i need to know which australian bank offers the lowest foreign transaction fees.

    please let me know

    thank you

    ellie

    Reply
    • Avatarfinder Customer Care
      JeniMarch 22, 2018Staff

      Hi Ellie,

      Thank you for getting in touch with finder. Since you are looking for some Australian banks that offer low foreign transaction fees, you may want to check out this link. If you also consider getting some debit cards for your foreign transactions then please check this out.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

      Reply
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