Business Banking Finder™ – Compare business banking solutions

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

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.

Bank Account Offer

NAB Business Everyday Account ($0 Monthly Fee Option)

Bank Account Offer

Help manage your business finances. $0 monthly account fee. No ATM fees at more than 3,000 NAB and rediATMs, and unlimited standard NAB electronic transactions. Tap and pay with your NAB Business Visa Debit card and NAB Pay for Android smartphones. Apply online.

  • Account keeping fee: $0.00
  • Linked debit card: Visa
  • ATM withdrawal fee: $0.00
  • Overseas EFTPOS fee: 3%
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Rates last updated October 16th, 2018
$
Name Product Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Monthly Account Fee Product Description
NAB Business Everyday Account ($0 Monthly Fee Option)
Visa
$0
$0
Help manage your business finances.
$0 monthly account fee.
No ATM fees at more than 3,000 NAB and rediATMs, and unlimited standard NAB electronic transactions. Tap and pay with your NAB Business Visa Debit card and NAB Pay for Android smartphones. Apply online.
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 October 16th, 2018
$
$
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
1.80%
1.80%
0.00%
$0
$0 / $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.
BankSA Business Access Saver
0.50%
0.50%
0.00%
$0
$0 / $0
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
0.50%
0.50%
0.00%
$0
$0 / $0
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
0.40%
0.40%
$0
$0 / $0
Ongoing, variable rate of 0.40% p.a. on balances more than $5,000.
Commonwealth Bank Business Online Saver
0.40%
0.40%
$0
$0 / $0
Ongoing, variable 0.40% 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
1.65%
1.65%
0.00%
$0
$10,000 / $0
Ongoing, variable rate of 1.65% p.a. on balances more than $10,000
ING Business Optimiser
2.50%
1.50%
1.00%
$0
$0 / $0
Introductory rate of 2.50% 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 October 16th, 2018
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. Min Deposit Interest Earned
Westpac Business Term Deposit
2.00%
1.85%
2.05%
2.30%
2.40%
2.50%
$5,000
ING Business Term Deposit
2.00%
2.55%
2.00%
2.85%
2.90%
-
$10,000

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Rates last updated October 16th, 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
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Rates last updated October 16th, 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.
NAB Qantas Business Signature Card
18.50% p.a.
$295 p.a.
Receive 100,000 bonus Qantas Points and earn points on everyday business purchases. Also get up to 44 days interest-free and multiple cards.
American Express Gold Business Card
$169 p.a.
Take advantage of a no pre-set spending limit, data that feeds to MYOB and up to 51 days interest-free on purchases.
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 100,000 bonus Qantas Points, 2 Qantas Points per $1 spent on eligible purchases plus 2 domestic Qantas Club lounge passes.
American Express Platinum Business Card
$1,750 p.a.
Get 120,000 bonus points, platinum concierge, complimentary lounge passes, overseas travel insurance and luxury hotel benefits.
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 Explorer Credit Card
16.99% p.a.
$395 p.a.
Earn 100,000 bonus points when you meet the spend criteria. Plus, 2 yearly entries to the American Express Lounge.
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 October 16th, 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
Apply for up to $100,000 and get a response within 60 seconds. No upfront or ongoing fees and a transparent fixed rate.
Lending Express Business Loans
$5,000
$500,000
0.25 to 2 years
$0
Apply online for up to $500,000 and get access to over 25 lenders through Lending Express.
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
A loan of up to $250,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.
GetCapital Flexible Business Loan
$5,000
$500,000
0.5 to 2 years
Initial draw down fee
A flexible business loan up to $500,000 with convenient top up and redraw facilities. Business must have been operating for 9 months+ and have monthly sales of $10,000+
businessloans.com.au Flexible Business Loan
$5,000
$500,000
0.5 to 2 years
Initial draw down fee
An unsecured business loan up to $500,000 that you can use for any business purpose. Transparent costs and redraw facility available.
Prospa Business Loan
$5,000
$250,000
0.25 to 2 years
$0
A business loan available up to $250,000 that can be funded in 1 business day. Must have a turnover of $6,000+ per month and provide 6 months of trading history, 3 months history for existing business purchases.
OnDeck Business Loans
$10,000
$250,000
0.5 to 2 years
2.5% origination fee
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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If you are ready to speak with a consultant about different business insurance options available, simply enter your details in the form. Keep reading if you want to learn more about the different types of cover available.
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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.

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4 Responses

  1. Default Gravatar
    June 13, 2018

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

    • finder 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

  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

    • finder 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

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