Bendigo Bank

Discussion in 'Loans & Mortgage Brokers' started by lixas4, 25th Apr, 2019.

Join Australia's most dynamic and respected property investment community
  1. lixas4

    lixas4 Well-Known Member

    Joined:
    24th Jan, 2016
    Posts:
    789
    Location:
    Melbourne
    What are peoples thoughts about bendigo bank for a business account. Currently refinancing the ppor with bankwest, so will keep the home loan in a seperate bank.

    If not bendigo bank, what do people recommend for business bank? Or are they all a muchness?
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,891
    Location:
    Australia wide
    They are alright but does it really matter that much? Most accounts are similar, just make sure you don't have a business account where you have a personal account and loans.
     
    lixas4 likes this.
  3. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,629
    Location:
    Gold Coast (Australia Wide)
    Split banking is always a good idea, though the business bankers dont like it one bit :)

    thats where the rubber meets the road often between who the agent is for whom.

    We have a few biz accts between diff banks, unless you need something specific in terms of merchant facilities, they are all pretty much vanilla id from my experience.

    ta

    rolf
     
    lixas4 likes this.
  4. Stoffo

    Stoffo Well-Known Member

    Joined:
    14th Jul, 2016
    Posts:
    5,325
    Location:
    In the Tweed
    I hold several Bendigo personal accounts.
    Plenty of branches around.
    Not sure if it is still the same, but.....
    I ended up buying a chunk of their shares years ago, this gave me a shareholder acc
    Meaning no account fee's (charged but refunded end of each month).
    Long since sold the shares, still retain the advantages :)
     
    Archaon and lixas4 like this.
  5. klabat

    klabat Well-Known Member

    Joined:
    4th Jul, 2015
    Posts:
    158
    Location:
    Australia
    Any news on Bendigo Bank with there lending or anyone currently with them in reducing there rates with their loans?
     
  6. Lacrim

    Lacrim Well-Known Member

    Joined:
    25th Jul, 2015
    Posts:
    6,190
    Location:
    Australia
    Just picked up some BEN shares today. Might get hammered in ST due to the lockdown but hopefully not a bad entry price for the LT.