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Business Banking: Compare business banking solutions

The right mix of banking products can help you manage and grow your small business. From bank accounts and credit cards to business loans and EFTPOS machines, the right business banking products will help you start, maintain and grow your business effectively.

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Jeremy Cabral
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Compare business banking solutions

Data updated regularly
Name Product Contactless Payments Instant Payments ATM Withdrawal Fee Monthly account fee
NAB Business Everyday Account ($0 Monthly Fee Option)
NAB Business Everyday Account ($0 Monthly Fee Option)
Google Pay, Apple Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Osko, PayID
$0
$0
$0 monthly account-keeping fee.
Unlimited standard electronic transactions.
Sign up for a NAB Business Transaction Account and enjoy free digital transactions, no monthly fees, and a linked NAB Visa Debit card at no cost.

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More Info
Commonwealth Bank Business Transaction Account ($0 Monthly Account Fee Option)
Commonwealth Bank Business Transaction Account ($0 Monthly Account Fee Option)
Google Pay, Apple Pay, Samsung Pay
Osko, PayID
$0
$0
An everyday business transaction account with a no monthly account fee option and a linked Business Visa Debit card to help you manage your expenses. Make unlimited electronic transactions for free and receive customised alerts regarding your balances. Flexibility to switch to the $10 monthly account fee option and get 20 assisted transactions per month.
More Info
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Data updated regularly
Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
ANZ Business Online Saver
ANZ Business Online Saver
0.05%
0.05%
0%
$0
Pay no account keeping fees and earn an ongoing, variable rate of 0.05% p.a. on balances more than $5,000.
More Info
AMP Business Saver Account
AMP Business Saver Account
0.5%
0.5%
0%
$0
Earn an ogoing standard variable rate of 0.5% p.a. for all balances.
More Info
ING Business Optimiser
ING Business Optimiser
1%
0.1%
0.9%
$0
Introductory rate of 1% p.a. for 6 months, reverting to a rate of 0.1% p.a. Available on balances below $1,000,000.
More Info
Westpac Business Cash Reserve
Westpac Business Cash Reserve
0.01%
0.01%
0%
$0
Earn more interest on amounts over $10,000
More Info
NAB Business Cash Maximiser
NAB Business Cash Maximiser
0.01%
0.01%
0%
$0
Earn a competitive interest rate on balances $10,000 or more
More Info
Commonwealth Bank Business Online Saver
Commonwealth Bank Business Online Saver
0.01%
0.01%
0%
$0
Ongoing, variable 0.01% p.a. when you link to Commonwealth Bank Premium Business Cheque Account or Business Transaction Account and maintain a balance of $10,000 or more.
More Info
ME Business Online Savings Account
ME Business Online Savings Account
0.6%
0.6%
0%
$0
Earn a competitive interest rate on your business savings.
More Info
Bank of Queensland Business WebSavings Account
Bank of Queensland Business WebSavings Account
0.45%
0.05%
0.4%
St.George Business Access Saver
St.George Business Access Saver
0.01%
0.01%
0%
$0
Ongoing, variable 0.01% p.a. when you link to a St.George business transaction account. Available on the entire balance.
More Info
Hume Bank Professional Cash Management Account
Hume Bank Professional Cash Management Account
0.01%
0.01%
0%
$0
Earn 0.01% p.a. for balance $100,000+. Interest rates are tiered, higher interest rates available on larger deposits.
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Data updated regularly
Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Westpac Business Term Deposit
Westpac Business Term Deposit
0.07%
0.07%
0.10%
0.15%
0.20%
0.25%
0.30%
Enjoy flexible repayment and reinvestment options at the end of the term with no setup or service fee.
More Info
ING Business Term Deposit
ING Business Term Deposit
0.05%
0.07%
0.07%
0.10%
0.25%
0.30%
A fixed interest rate for your business savings with a wide range of timeframes.
More Info
NAB Term Deposit
NAB Term Deposit
0.10%
0.10%
0.10%
0.20%
0.20%
0.25%
0.30%
Invest your money in a NAB Term Deposit and earn a fixed interest rate for the life of the term, with no setup or account fees.
This term deposit is for personal customers with deposits from $5,000.
More Info
ANZ Business Notice Term Deposit
ANZ Business Notice Term Deposit
0.10%
0.10%
0.10%
0.10%
0.10%
0.20%
0.20%
Invest your surplus business funds of $5,000 or more and enjoy a fixed rate of return. Choose a term length that suits your business, from one month to five years.
More Info
Commonwealth Bank Business Term Deposit
Commonwealth Bank Business Term Deposit
0.08%
0.10%
0.10%
0.10%
0.10%
0.30%
0.25%
More Info
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Rates last updated September 23rd, 2021
Details Features
Tyro
Tyro
  • 24/7 local support available
  • Countertop and mobile EFTPOS terminals
  • 11+ payment forms accepted including Apple Pay and Android Pay
  • Least-cost routing available via Tyro Tap & Save
  • From $29 a month for terminal hire with no lock-in contracts
  • Compatible with any Australian financial institution
  • Integrates seamlessly with your existing point of sale
  • Used by over 36,000 Australian businesses
  • Available linked interest-earning transaction account
 Go to site More info
Data updated regularly
Name Product Bonus points Rewards points per $ spent Complimentary travel insurance Annual fee Minimum annual revenue
American Express Qantas Business Rewards Card
American Express Qantas Business Rewards Card
120,000
1.25
Yes
$0 annual fee for the first year ($450 p.a. thereafter)
$75,000
ABN holders w/ $75,000 revenue. Receive 120,000 bonus Qantas Points and $0 first-year annual fee when you spend $3,000 in the first 2 months.
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More Info
NAB Qantas Business Signature Card
NAB Qantas Business Signature Card
100,000
0.66
No
$295
$75,000
Receive 100,000 bonus Qantas Points when you spend $4,000 on everyday business purchases in the first 60 days. ABN required.
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More Info
American Express Platinum Business Card
American Express Platinum Business Card
400,000
2.25
Yes
$1,750
$75,000
ABN holders w/ $75,000 revenue. Get 400,000 bonus Membership Rewards points when you spend $12,000 in the first 3 months.
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More Info
American Express Business Explorer Credit Card
American Express Business Explorer Credit Card
100,000
2
Yes
$149
$75,000
ABN holders w/ $75,000 revenue. Get 100,000 bonus points when you spend $3,000 in the first 3 months. Plus, 2 airport lounge passes.
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More Info
NAB Rewards Business Signature Card
NAB Rewards Business Signature Card
100,000
1.25
No
$175
$75,000
Get 100,000 bonus NAB Rewards points when you spend $4,000 on everyday business purchases in the first 60 days. ABN required.
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More Info
American Express Business Card
American Express Business Card
N/A
1.5
No
$109
$75,000
ABN holders w/ $75,000 revenue. Up to 1.5 points/ $1 spent and extended cashflow with up to 51 days interest-free on business purchases.
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More Info
American Express Gold Business Card
American Express Gold Business Card
100,000
1.5
Yes
$169
$75,000
ABN holders w/ $75,000 revenue. Get 100,000 bonus Membership Rewards Points when you spend $1,000 within the first 2 months.
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More Info
American Express Velocity Business Card
American Express Velocity Business Card
120,000
1
Yes
$249
$75,000
ABN holders w/ $75,000 revenue. Receive 120,000 bonus Velocity Points and 120 Velocity Status Credits when you spend $3,000 in the first 2 months.
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Data updated regularly
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Filter Values
Swoop Finance Business Loan
Swoop Finance Business Loan
$1,000
$100,000,000
1 to 20 years
Depending on your loan contract
Apply online and borrow between $1,000 and $100,000,000. Options for good and bad credit borrowers.
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More Info
Zip Business Loan
Zip Business Loan
$10,000
$500,000
Up to 5 years
No establishment fee
Borrow up to $500,000 with loan terms of up to 5 years. Flexible weekly, fortnightly and monthly repayment options available with no early repayment fees.
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More Info
Lumi Unsecured Business Loan
Lumi Unsecured Business Loan
$5,000
$300,000
3 months to 3 years
2.5% establishment fee
Apply for up to $300,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
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More Info
ebroker Business Loan
ebroker Business Loan
$5,000
$5,000,000
1 month to 30 years
$0 application fee
Small business loans available between $5,000 and $5,000,000. Get access to 70+ non-bank lenders on this independent platform.
Enquire now
Valiant Finance Business Loan Broker
Valiant Finance Business Loan Broker
$5,000
$1,000,000
3 months to 5 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
Enquire now
Moula Business Loan
Moula Business Loan
$5,000
$250,000
1 to 2 years
2% Establishment fee
A loan of up to $250,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales.
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Max Funding Unsecured Business Loan
Max Funding Unsecured Business Loan
$3,000
$30,000
1 month to 1 year
$0 application fee
An unsecured business loan from $3,000 that offers convenient pre-approval and no early repayment fees.
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OnDeck Business Loans
OnDeck Business Loans
$10,000
$250,000
6 months to 2 years
3% of loan amount
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
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More Info
Prospa Business Loan
Prospa Business Loan
$5,000
$300,000
3 months to 3 years
3% origination fee
Small business loans are available from $5,000 - $300,000 on terms of up to 3 years. At least six months trading history and a monthly turnover from $6,000 is necessary.
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More Info
ANZ Unsecured Business Loan
ANZ Unsecured Business Loan
$10,000
$1,000,000
Up to 15 years
$600
Apply for a loan from $10,000 with no security required and benefit from flexible repayment terms.
Enquire now
Octet Trade Finance
Octet Trade Finance
$100,000
$7,000,000
1 month to 2 years
Transaction fee 2.5%
Access a line of credit to pay suppliers in over 65 countries. Borrow from $200,000 up to $7 million.
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More Info
ANZ Secured Business Loan
ANZ Secured Business Loan
$10,000
$10,000,000
Up to 15 years
$600
Benefit from a low rate when you secure this loan with property and/or business assets. Loans from $10,000 available.
Enquire now
Westpac Business Loan
Westpac Business Loan
$20,000
$3,000,000
1 to 30 years
$0 application fee
Purchase a new vehicle, equipment or support your cash flow with a business finance solution from Westpac.
Enquire now
BOQ Business Term Loan
BOQ Business Term Loan
$10,000
$100,000,000
1 to 30 years
0.75% application fee
Borrow from $10,000 with multiple repayment options including optional fixed rate periods.
More Info
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Finding the best business savings account for your needs

A business savings account allows you to earn interest on your business funds while you're not using them. These accounts are a convenient way to earn passive income and can be linked to your business transaction account for easy access whenever you need it.

Compare business transaction accounts

If your business is registered as a partnership, company or trust in Australia, you’re required to open a business transaction account. These are accounts designed specifically with businesses in mind and can be used to pay for your day-to-day business expenses, pay invoices and wages and receive payments from clients and customers.

Reducing business banking costs

Keeping costs to a minimum is a crucial aspect of budgeting effectively as a small business owner. Paying unnecessary banking fees can eat into your business profits but choosing the right transaction and savings accounts can help you minimise or avoid these fees entirely.

Are you looking for other business banking solutions?

You don't need to be an accountant to take charge of your company's finances. There are plenty of products in Australia that can make it easier for you to manage your business. These products provide unique solutions to make your operations smoother and are specifically designed with the needs of business owners in mind. Read our guides below to find out more about how these solutions can help you.

Business loans

Learn everything you need to know about business financing using our comprehensive guide on business loans. Compare your credit options and apply for a business loan in minutes.

Business loans

Business credit cards

Business credit cards are designed to suit the unique financial needs of different types of companies. Use this guide to compare business credit cards and find the right one for your business.

Business credit cards

Business insurance

Getting the right business insurance can protect you from unforeseeable events such as injuries, damages, theft and penalties impacting your business. Compare all your options using our guide.

Business insurance

Watch: 5 winning strategies to improve small business cash flow

Read more on this topic

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4 Responses

    Default Gravatar
    vandaJune 13, 2018

    which bank provide cheapest and best and fast eftpos mobile terminal for small business

    Reply
      Default Gravatar
      NikkiJune 15, 2018

      Hi Vanda,

      Thanks for your message and for visiting Finder.

      You may refer to our guide on how to set up an EFTPOS machine if you are looking for an EFTPOS terminal provider.

      Hope this helps. Feel free to message us back should you further questions.

      Cheers,
      Nikki

      Reply
    Default Gravatar
    ellieMarch 22, 2018

    i need to know which australian bank offers the lowest foreign transaction fees.

    please let me know

    thank you

    ellie

    Reply
      Avatarfinder Customer Care
      JeniMarch 22, 2018Staff

      Hi Ellie,

      Thank you for getting in touch with Finder.

      You can check some Australian banks offering debit cards with low foreign transaction fees. On the page is a comparison table you can use to see which account suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

      Reply
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