Compare Bank Accounts for Australia

Business Accounts Compared
Provider Account Name Account Fees Minimum Balance Information
Account Fees
$0
Other fees may apply
Minimum Balance
$0
Account Information

A zero fee business savings account that is ideal for businesses of any size that offers unlimited number of monthly transactions.

Provider Account Name Account Fees Minimum Balance Information
Account Fees
$0
Minimum Balance
$0
Account Information

This is a business savings account that comes with zero fees that makes it perfect for businesses of any size. This account offers an unlimited number of transactions.

Provider Account Name Account Fees Minimum Balance Information
Account Fees
$0
Minimum Balance
$0
Account Information

This is a savings account targeted at businesses that offers zero fees and is very suitable for business of all sizes. The account offers unlimited transactions for no cost.

Provider Account Name Account Fees Minimum Balance Information
Account Fees
$8
Minimum Balance
$0
Account Information

Get unlimited fee-free Internet and Phone Banking 24/7, EFTPOS, St.George/BankSA/Westpac ATMs (in Australia), direct debits and direct credits.

Provider Account Name Account Fees Minimum Balance Information
Account Fees
$15
Minimum Balance
$0
Account Information

This account offers free and unlimited day to day electronic transactions and a generous allowance of free branch and cheque transactions each month.

Provider Account Name Account Fees Minimum Balance Information
Account Fees
$8
Minimum Balance
$0
Account Information

A low cost business transaction account that is ideal for small and medium sized business that undertakes a limited number of monthly transactions.

Business Banking Explained

When starting a business one of the most important decisions that needs to be taken is the type of business bank account to open. Some people are tempted to open an account with their existing bank and as a result either miss out on higher interest rates or lower fees. Over the long run the savings or earnings can be quite significant so it is important to compare different business bank accounts.

  • The basics
    A business bank account should enable business to manage their cash flow, this means the minimum facilities that might be necessary may include: a pay in book and cheque book. Some business will want the ability to issue standing instructions to their bank as well as have regular bills paid by direct debit. Almost all business accounts come with these facilities as well.
  • Charges and interest
    Generally the greater the value of the transaction, the higher the fee will be. Fees can actually be negotiated with the bank, so don’t be afraid to open a dialogue with them if you feel they are too high, or other banks are offering lower fees. If most of the transactions are electronic, then it is worth considering an account that offers low cost or fee free electronic transactions. Alternatively businesses that make most of their payments should look for accounts that offer low fees for paper transactions.
  • Access
    Business accounts also come with internet and telephone banking, so you will have 24-hour access to your business bank account.
  • Advice
    Ideally a business bank account should also come with an advisor, though that is not always the case because many businesses have no requirement for that level of service. Some banks however do have dedicated teams whose job it is to advise small business. Others simply offer advice over the telephone.If you are seeking a business bank account then comparedinkum.com.au is the best place to begin your search. As a financial comparison site, consumers and businesses can compare a range of options offered by a huge variety of banks and make a choice that is extremely suitable for them in a quick and easy way.

Latest Compare Bank Accounts News from the comparedinkum Blog

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Goldman Sachs Could Set Up Online Retail Bank In Australia

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ANZ Adopts Samsung Pay Giving Customers Extra Choice

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