Community Sector Banking Cash Management Trading Account

Community Sector Banking Cash Management Trading Account

Maximum Variable Rate

1.20

Standard Variable Rate

1.20

Take advantage of at-call access to funds and interest of up to 1.20% p.a. for your not-for-profit organisation.

  • Earn interest of up to 1.20% p.a.
  • $0 monthly account keeping fee
  • 24/7 Internet and phone banking access
  • Overdraft facility available

Product details

If you’re searching for a cash management account for your not-for-profit organisation, the Community Sector Banking Cash Management Trading Account is certainly worth a closer look. With no monthly fees, the account provides easy access to your funds at any time using Internet and phone banking, cash card, debit card and cheque.

Th account also allows you to maximise the performance of your money, with tiered interest of up to 1.20% p.a. available. Take a closer look at the features this account offers below to work out whether it’s right for you.

Product Name
Community Sector Banking Cash Management Trading Account
Maximum Variable Rate
1.20% p.a.
Standard Variable Rate
1.20% p.a.
Monthly Fee
$0
Minimum Opening Deposit
$1
Internet Banking
Yes
Phone Banking
Yes
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the Community Sector Banking Cash Management Trading Account?

Available for not-for-profit organisations

This account suits the cash management needs of not-for-profit organisations, combining convenient access with the ability to earn competitive interest on your balance.

$0 monthly fee

There are no monthly service fees attached to this account.

$4 transaction fee rebate

Withdrawals and transfers from the Community Sector Banking Cash Management Trading Account incur fees starting from 40 cents. However, a negotiable $4 transaction fee rebate per month is included with the account, allowing you to save on fees and charges.

$1 minimum balance

A minimum balance of $1 is required to open an account. However, there is no ongoing minimum balance requirement.

24/7 Internet and phone banking access

You can access your account 24 hours a day, 7 days a week via Internet and phone banking. This allows you to pay bills via BPAY, transfer funds to other accounts and monitor your balance.

Card access

If the rules of your organisation allow it, you can access the funds in your Community Sector Banking Cash Management Trading Account using a debit card or cash card. However, debit cards do feature a $3 monthly fee.

Bulk payments facility

The account features a bulk payments facility, allowing you to make all your electronic transfers at once, with no payment limits.

Cheque book available

You can also access the funds in your account via an optional cheque book.

Overdraft facility available

If you require access to additional funds, an overdraft facility is available with this account.

See other products from Community Sector Banking

Pros

  • Earn interest of up to 1.20% p.a.
  • $0 monthly account keeping fee
  • 24/7 Internet and phone banking access
  • Overdraft facility available

Cons

  • Withdrawals and transfers incur fees starting from 40 cents
  • $3 Card access fees

What you’ll need to know before applying

If the Community Sector Banking Cash Management Trading Account has all the features your not-for-profit is searching for in a cash management account, click on one of the “Apply now” links on this page. Doing so will take you to an application form at the Community Sector Banking website. Once you have downloaded and completed this form, you can return it to the bank by post.

Information and documentation needed

You’ll need to provide a wide range of details about your organisation when completing the application form, including the following:

  • The organisational structure. You will need to show if your organisation is a cooperative, a partnership or an incorporated association.
  • ABN or ACN. You will need to provide the ACN or ABN of your organisation.
  • Contact details. You’ll need to enter the address as well as the phone and email contact details of your organisation.
  • Authorised signatories. You must also provide the names and contact details of anyone who will be an authorised signatory on the account.

If you’re a new Community Sector Banking customer, you’ll need to provide valid ID, for example a driver’s licence or passport, when you apply for an account. There is a range of other documents you can also use for ID, so check the fine print on the application form for full details.

Eligibility criteria

You will need to apply on behalf of a not-for-profit organisation in the community sector in order to open this account.

The Community Sector Banking Cash Management Trading Account offers plenty of flexibility and interest-earning power to help make your organisation’s money go further. Compare it with similar cash management accounts to find out whether the features it offers make this the right account for you.

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