If you're setting up a new business or you're looking to switch banks for your business banking needs, you've come to the right place. Mozo takes the time and hassle out of comparing business bank account options. Our quick comparison table delivers the cheapest business accounts with features you need.
Bank account features
Business bank accounts typically offer internet banking, electronic transactions, phone banking, Bpay, visa debit card options, chequing and overdrafts. You may also be interested in linked business savers or business loans .
Company bank account fees
The trade off for all these business transaction account facilities is often a monthly fee, or fee-free limited access. Make sure your account has the features you need - and no costly extras you don't.
Small business bank accounts
The costs of business banking can really add up - especially if your business is just starting up. So be sure to negotiate on the monthly fees, particularly if you're also looking at business loans or other business bank accounts.
This page only has business bank accounts - head to our personal everyday bank accounts hub if you're after an account for yourself.
Opening a business bank account
To open business banking account you can simply apply online, but make sure you’ve got all the information you need for the application. You’ll have to provide:
- your business ABN, ACN and tax file number.
- verify your identity using your passport, licence or medicare.
Once the bank is certain you are who you say you are, you account is open and you can start using it as you wish! If you’re interested in signing up for more business banking products, read our helpful business banking guides.