The Business Essentials Account from ANZ is a low cost, straightforward option for businesses that are happy to conduct most of their banking transactions online and want access to the latest payment options.
Business bank accounts aren’t generally known for their low monthly fees, which is why businesses may appreciate the fact that ANZ’s Business Essentials Account doesn’t come with any monthly fee.
In terms of transactions, there are a few things to keep in mind. Businesses won’t be charged any fees for the first 20 electronic or ATM transactions they make each month, but anything beyond that will incur a cost. Staff-assisted transactions will also come with a cost.
The Business Essentials Account comes with a linked ANZ Business Visa Debit card to make payments in-person, over the phone or online, plus you’ll be able to use it to set up Apple Pay, Google Pay or Samsung Pay (depending on your device) if you fancy paying with your smartphone. There’s even an option to set up and use PayID to receive payments.
The account also allows businesses to link their transaction feeds to eligible accounting software in order to make things simpler come tax time.
The Business Essentials Account could be a good pick for businesses who want to avoid monthly fees and make a relatively low number of transactions each month.
Just remember, there are 20 free electronic or ATM transactions each month, but any number over that will incur a fee.
| Balances from $0: 0.00% p.a. | |
| n/a | |
| n/a |
| $0.00 | |
| n/a | |
| A total of 20 ANZ ATM and Electronic Transactions included per month | |
| $0.60 | |
| ANZ | |
| n/a | |
| $1.60 | |
| $1.60 | |
| $0.60 | |
| $0.60 | |
| $0.60 | |
| $0.60 | |
| $5.00 | |
| 3.00% | |
| $0.00 monthly |
| $0.00 | |
| $0.00 |
| $1,000.00 | |
| yes | |
| no | |
| yes | |
| yes | |
| yes | |
| yes | |
| no | |
| none | |
| none |
|
| |
| $5.00 | |
| $0.00 | |
| 3.00% |
|
| |
| $5.00 | |
| $0.00 | |
| 3.00% |
MyState Bank
Glide Account
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay, FitBit Pay, Garmin
0% p.a.
NAB
Classic Banking Account (with Standard Visa Debit Card)
$0.00
Apple Pay, Google Pay, PayID, Samsung Pay
0.01% p.a.
