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If you prefer to do your business banking in the branch or by cheque, the Business Cheque Account Plus is the business account for you. This account is ideal if you do not use a large number of online transactions.
The St.George Business Cheque account is a great way to manage your business finances by making business banking much easier to manage. The big advantage of this account is it lets you do your banking in your own way.
Some businesses do not need online banking and prefer to use their bank account to issue cheques and have branch access. Many Australian banks seem to be going down the online road instead and cutting down their branches Fortunately St.George has an extensive branch network and continues to stress the importance of serving its customers in person.
This business transaction account is completely fee free for business that maintains the minimum daily balance and also allows for a number of free branch transactions and cheque deposits.
Business customers can also apply for a linked credit card and add as many as three holders that St. George will waive the annual fee for.
The account lets holders establish and EFTPOS terminal completely free of charge, so retail businesses that want the flexibility of allowing their customers to pay by card can take care of that option. Other benefits of the account include reduced premiums for business insurance and the ability to apply for an overdraft facility which can be used to manage cash flow and avoid overdrawn or dishonor fees.
All in all this is a decent transaction account for business that want flexibility in the way they manage their cash and place a lot of value in cheque issuance and branch banking.
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123 people have been caught for such offences and since January 2000 there were 120 cases of fraud nationally according to the Employee Fraud in Australian Financial Institutions. There were 69 cases of fraud involving Australia’s big four banks. Continue reading
The number of home loans that received approval rose in September in response to low interest rates. According to the Australian Bureau of Statistics the number of owner occupied mortgages that were approved increased by 4.4 per cent which is well ahead of analyst expectations of 3.5 per cent.
The rise in home loan approvals comes a month after the Australian central bank eased interest rates to a record low of 2.5 per cent. Continue reading
Australians seem to be a forgetful lot, aside from the fact that there is an estimated $16.8 billion sitting in lost superannuation, but apparently there is a further $832 million in foreign currency just sitting in drawers and $1.2 billion in unclaimed cash.
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