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

Apply for and open a new NAB Business Everyday Account and get 50% off a new Xero subscription for three months. Eligibility criteria and T&Cs apply.
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.

  • Account keeping fee: $0.00
  • Linked debit card: Visa
  • ATM withdrawal fee: $0.00
  • Overseas EFTPOS fee: 3%
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Compare business banking solutions

Rates last updated October 22nd, 2019
$
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
Apply for and open a new NAB Business Everyday Account and get 50% off a new Xero subscription for three months. Eligibility criteria and T&Cs apply.
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.
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.
Westpac Business One Account - Low Plan
Mastercard
$0
$0
Special offer: Pay $0 Monthly Plan Fee for 12 months when you open a new Business One - Low Plan account online, saving you $120. (T&Cs apply). Complimentary access to Biz Invoice, a tool that lets you create, send and manage invoices from your mobile or PC.
Unlimited free electronic transactions, 25 free staff-assisted and cheque transactions every month and a linked Business Debit Mastercard.
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 October 22nd, 2019
$
$
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
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.
BankSA Business Access Saver
0.15%
0.15%
0.00%
$0
$0 / $0
Ongoing, variable 0.15% p.a. when you link to a business transaction account. Available on the entire balance.
Bank of Melbourne Business Access Saver
0.15%
0.15%
0.00%
$0
$0 / $0
Ongoing, variable 0.15% 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
0.15%
0.15%
$0
$5,000 / $0
Earn 0.60% p.a. bonus interest when you open an account online before 11 November 2019 (T&C’s apply). Pay no account keeping fees and earn an ongoing, variable rate of 0.15% p.a. on balances more than $5,000.
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.
Citibank Ultimate Business Saver
0.90%
0.90%
0.00%
$0
$10,000 / $0
Ongoing, variable rate of 0.90% p.a. on your balances between $10,000 to $999,999.99.
ING Business Optimiser
1.75%
0.75%
1.00%
$0
$0 / $0
Introductory rate of 1.75% p.a. for 6 months, reverting to a rate of 0.75% p.a. Available on balances below $1,000,000.

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Rates last updated October 22nd, 2019
$
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. Product Description Interest Earned
ME Business Term Deposit
1.80%
1.85%
1.75%
1.85%
1.78%
1.72%
1.56%
Earn a fixed rate of interest on your funds with a ME Business Term Deposit and pay no fees at all. Choose a term length between 1 month to 60 months at a time.
Westpac Business Term Deposit
1.30%
1.20%
1.15%
1.15%
1.10%
1.20%
1.20%
Enjoy flexible repayment and reinvestment options at the end of the term with no setup or service fee.
ING Business Term Deposit
1.20%
1.65%
-
1.70%
1.20%
1.65%
1.65%
A fixed interest rate for your business savings with a wide range of timeframes.
NAB Term Deposit
1.45%
1.40%
1.50%
1.35%
1.25%
1.40%
1.30%
Earn high interest from NAB Term Deposit account with no account fees and no application fees.

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Rates last updated October 22nd, 2019
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 22nd, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
American Express Qantas Business Rewards Card
N/A
$450 p.a.
ABN holders w/ $75,000 p.a. revenue. Get 100,000 bonus Points, 3x points on eligible Qantas flights and 2 yearly lounge passes.
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. ABN required.
American Express Business Explorer Credit Card
16.99% p.a.
$395 p.a.
ABN holders w/ $75,000 p.a. revenue. Get 100,000 bonus points. Plus, 2 yearly lounge passes on this business card.
NAB Low Rate Business Card
0% for 12 months, reverts to 13.25% p.a.
$0 p.a. annual fee for the first year ($60 p.a. thereafter)
Save with 0% p.a. interest for 12 months on purchases and receive complimentary unauthorised transaction insurance. ABN required.
American Express Platinum Business Card
N/A
$1,750 p.a.
ABN holders w/ $75,000 p.a. revenue. Get 120,000 bonus points and up to 2.25 points/ $1 spent on eligible business purchases.
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. ABN required.
American Express Business Card
N/A
$109 p.a.
ABN holders w/ $75,000 p.a. revenue. Up to 1.5 points/ $1 spent and extended cashflow with up to 51 interest-free days on business purchases.
American Express Gold Business Card
N/A
$169 p.a.
ABN holders w/ $75,000 p.a. revenue. A business card with no pre-set spending limit, data feeds to MYOB and up to 51 days to pay for purchases.
American Express Velocity Business Card
N/A
$249 p.a.
ABN holders w/ $75,000 p.a. 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 October 22nd, 2019
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Apply Now
$10,000
$250,000
6 months 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.
$5,000
$300,000
3 months to 1 year
3% origination fee
An unsecured business loan up to $300,000 for eligible businesses. Businesses operating for a minimum of 6 months and having turnover of at least $10,000 a month can apply.
$5,000
$200,000
3 to 18 months
2.5% establishment fee
Apply for up to $200,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
$5,000
$300,000
3 months to 2 years
3% origination fee
A business loan available up to $300,000 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.
$10,000
$500,000
6 months to 2 years
$0 establishment 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+. Note: The establishment fee will be waived if you apply and are approved before 15 October 2019.
$5,000
$500,000
6 months to 2 years
2% drawdown fee
A business loan up to $100,000 for unsecured loans, or $500,000 for secured loans that you can use for any business purpose. Transparent costs and redraw facility available.
$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.
$5,000
$500,000
6 months to 3 years
$0 application fee
A loan of up to $500,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.

Compare up to 4 providers

Receive business insurance quotes from a qualified broker

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
    vandaJune 13, 2018

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

    • 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

  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

    • 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

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