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which bank do you use for your business account?

Discussion in 'General Property Chat' started by Eric Wu, 18th May, 2016.

  1. Eric Wu

    Eric Wu Mortgage Broker Business Member

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    Hi guys

    just wondering which bank is more user friendly to have a business bank account with for transaction?

    cheers
     
  2. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    I use St George
     
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  3. Eric Wu

    Eric Wu Mortgage Broker Business Member

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    thanks Dave.
     
  4. Dan L

    Dan L Member

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    i would recommend getting a good banker on your team as opposed to a good bank. personally i use nab business bank and i have a great banker in there.
     
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  5. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    It really depends on what you want. Business banking is more than just a transaction account, it can involve EFTPOS facilities, overdrafts, all sorts of things.

    My business needs are very simple. A dozen or so transactions a month, a credit card and the occassional cheque so just about any bank can make it work. What most businesses need to do is to take a more comprehensive look at their needs and interview several banks on that basis. Best to go in properly prepared.
     
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  6. hobo

    hobo Well-Known Member

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    We use ANZ at the moment. EFTPOS, overdraft, business loans - everything.
     
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  7. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    ANZ.

    If I was starting out again - I'd prob go with Cba
     
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  8. Scott No Mates

    Scott No Mates Well-Known Member

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    I used ANZ initially for my business but they were useless. Business partner had a previous relationship with Westpac (who are more business friendly - I just hold a grudge).

    My business banking is through NAB.
     
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  9. Eric Wu

    Eric Wu Mortgage Broker Business Member

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    thanks guys for the advice. will speak to a few banks to see what they provide, and make a decision then.

    appreciate your advice.
     
  10. Doncossack

    Doncossack Member

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    If you have time, please report back who you went with.. I also will need a business account soon.
     
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  11. Yann

    Yann Active Member

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    NAB, found them cheap and with good service for very basic business needs
     
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  12. RPI

    RPI Property Lawyer, Town Planner Business Member

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    CBA

    We are still forced to use bank cheques so for us it was not only proximity to our office but spread of branches throughout regional QLD where we could have people collect bank cheques from.
     
    Last edited: 19th May, 2016
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  13. Redwood

    Redwood Well-Known Member

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    I use BOQ which is a traditional approach, no loans, just credit card, and busienss transactions which my branch take care of. Their reporting is ****e, as is their netbank. I have just moved a couple of loans back to CBA so will look to go back there.

    We do alot of client accounts (300+) with Macquarie which is very good. I have two other company accounts with Macquarie which is pain free from a transaction view point.

    Cheers Ivan
     
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  14. Wall Street

    Wall Street Well-Known Member

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    Keep it under your mattress, or bury it in the garden. Fight the institutions!
     
  15. Michael_X

    Michael_X Mortgage Broker Business Member

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    Gold Coast/Sydney
    I use CBA.

    Cheers,
    Michael
     
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  16. Vanillascent

    Vanillascent Well-Known Member

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    I use Westpac. They seem to have more capabilities when you are talking the volumes, facilities and breadth of services required for a large proprietary company. On a personal basis I can't stand using them due to the horrible service I received when I banked with them for a small not-for-profit. I've never used a bank that managed to lose so much important paperwork.
     
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  17. Ed Barton

    Ed Barton Well-Known Member

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    CBA
     
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