Business Banking Finder™ – Innovate your business with the right business banking solutions

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

From bank accounts to foreign exchange services, it's always important to always discover new products to manage your business. You have the support of your bank to help you manage your business transactions and investments, but whether it be a business credit card, transaction account or other facilities – it's important to complete a comparison first to consider the options available. Use our comparison to help you choose business banking products which will help empower you to grow your business.

Rates last updated April 21st, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
St.George Business Cheque Account Plus
Visa
$0
N/A
A low monthly fee to manage your business funds.
BankSA Business Cheque Account Plus
Visa
$0
$0
Prefer banking the old fashioned way? You'll appreciate the benefits of a BankSA Business Cheque Account Plus.
BankSA Freedom Business Account
Visa
$0
$0
Make tax time easier with better reporting. Separates personal and business transactions.

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Rates last updated April 21st, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
BankSA Business Access Saver
N/A
Ongoing, variable 0.50% p.a. when you link to a business transaction account. Available on the entire balance.
Bank of Melbourne Business Access Saver
N/A
Ongoing, variable 0.50% p.a. when you link to one of the Bank of Melbourne’s eligible business transaction accounts. Available on the entire balance.
ANZ Business Online Saver
N/A
$0
Ongoing, variable rate of 1.00% p.a. on balances more than $5,000.
AMP Bank Business Saver Account
N/A
$0
Ongoing, variable 1.80% p.a. when you link to a transaction account in the same name. Available on balances of $2,000 or more.



Commonwealth Bank Business Online Saver
Visa
$10,000
Ongoing, variable 0.50% 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.
Citibank Ultimate Business Saver
Mastercard
$0
Ongoing, variable rate of 1.65% p.a. on balances more than $10,000
ING Business Optimiser
Visa
Introductory rate of 1.80% p.a. for 6 months, reverting to a rate of 1.50% p.a. Available on balances below $1,000,000.

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Rates last updated April 21st, 2018
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a. Min Deposit Interest Earned
Westpac Business Term Deposit
2.00%
1.85%
2.05%
1.90%
2.30%
2.40%
$5,000
ING Business Term Deposit
2.00%
2.40%
2.00%
2.60%
2.70%
2.90%
$10,000

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Rates last updated April 21st, 2018
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
Rates last updated April 21st, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Rewards Business Signature Card
18.50% p.a.
$175 p.a.
Earn 100,000 bonus points when you spend $4,000 on everyday business purchases in the first 60 days of account opening. Ends 17 June 2018.
American Express Gold Business Card
$169 p.a.
Take advantage of 10,000 bonus points, no pre-set spending limit, data that feeds to MYOB and up to 51 days interest-free on purchases.
NAB Qantas Business Signature Card
18.50% p.a.
$295 p.a.
Receive 100,000 bonus Qantas Points and earn points on eligible business purchases. Also get up to 44 days interest-free and multiple cards.
American Express Platinum Business Card
$1,500 p.a.
Enjoy 120,000 bonus points, a platinum business concierge, complimentary Virgin Lounge access, worldwide travel insurance and hotel benefits.
NAB Low Rate Business Card
0% p.a. for 12 months (reverts to 13.25% p.a.)
$0 p.a. annual fee for the first year ($60 p.a. thereafter)
Manage your cashflow with up to 55 days interest-free on business purchases and receive complimentary unauthorised transaction insurance.
American Express Qantas Business Rewards Card
$450 p.a.
Earn up to 100,000 bonus points, 2 Qantas Points per $1 spent on eligible purchases and enjoy up to 51 days interest-free on purchases.
American Express Velocity Business Card
$249 p.a.
Take advantage of Velocity Points per $1 spent, no pre-set spending limit, data that feeds into MYOB and up to 51 days interest-free on purchases.
American Express Business Card
$109 p.a.
Earn up to 1.00 Membership Rewards point per $1 spent and extend your cashflow with up to 51 interest-free days on purchases.

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Rates last updated April 21st, 2018
Name Product Min Loan Amount Max. Loan Amount Loan Term Application Fee Product Description
NAB QuickBiz Loan
$5,000
$100,000
1 to 3 years
$0
An unsecured business loan from $5,000 that can be processed in 1 business day. Businesses that apply and are approved before 30 April 2018 are eligible for a discounted interest rate of 12.95% p.a.
Prospa Business Loan
$5,000
$250,000
0.25 to 2 years
$0
Apply for up to $250,000 and receive your approved funds within one business day. Note: Businesses must have a turnover of more than $5,000 per month and be able to demonstrate 6 months of trading history.
OnDeck Business Loans
$10,000
$250,000
0.5 to 2 years
2.5% origination fee
Apply online for up to $250,000 with OnDeck and receive approved funds in one business day.
Valiant Finance Business Loan Broker
$5,000
$1,000,000
0.25 to 5 years
$0
A Small Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 60 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
Moula Business Loan
$5,000
$250,000
0.5 to 2 years
$0
Small business loans of up to $250,000 approved and funded within 24 hours.
Transparent fees and rates. Note: Business must have been operating for at least 12 months and have monthly sales of at least $5,000.
Ferratum Business Loan
$2,000
$150,000
0.5 to 1.5 years
2.5% origination fee
Competitive business loans from $2,000 based on your business’ cash flow.
Sail Unsecured Business Loan
$5,000
$100,000
1 year
2.5% origination fee
Apply for up to $100,000 even if you have bad credit. Note: Business must have been operating for at least 6 months and have turnover over $50,000.

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2 Responses

  1. 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

    • Staff
      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

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