Money Choices

This business account is great for small business owners who do not rely on a large amount of online transactions. It is relatively cheap to run, and comes with a number of free perks to help your business grow at a greater rate.

Is This the Account For Me?

Business owners know better than most people that it pays to keep on top of your bank balance, which this account allows with regular SMS and email updates on withdrawals in deposits. Transactions over the counter are fee-free, so if you prefer a hands-on, traditional approach to banking, this account is perfect for you.

Additionally, business owners using this account get a specified number of free deposits, withdrawals, cheque deposits or merchant envelopes per month. So, with a little forward-planning, transactions from this account can be completely free.

The Advantages of This Account

Business owners using this account get 15 free withdrawals and withdrawals from St George branches and ATMs per month, as well as 15 free cheque deposits or merchant envelopes per month. Additionally, there is no charge for keeping the account if the daily balance is kept above a certain amount, so the account can be free if managed properly. Otherwise, the cost of keeping the account is relatively low, so it still works out as a good deal.

For those lean months where business is not thriving as much as it could, or just when there are inevitable cash flow problems, this account comes with an overdraft facility, the amount for which can be negotiated with St George.

Access to the account is another bonus. Customers can access their cash via St George branches, ATMs, cheques, EFTPOS, internet banking, phone banking and BPAY, although not all of these services are free.

Another useful feature of the Business Cheque Account Plus is the free legal and taxation advice. Small business owners face a great deal of jargon, paperwork and complicated responsibility, so it is a relief to be able to access advice on legal and tax issues online tailored to each customer’s specific trade.

If business develops, customers using this account also have the opportunity to upgrade to a Business Owners’ Transaction Package, which comes with a BusinessVantage Visa credit card with no annual fee.

Eligibility

To be eligible for this account, your business must be registered in Australia.

How Do I Open a St George Business Cheque Account Plus?

To open an account, you can visit your nearest St George branch and speak to an advisor. Alternatively, you can discuss the account over the phone, or, for added efficiency, you can go online and complete a secure, simple and quick online application form, helping you to get back to business sooner.

Summary

This account has a number of perks, such as the access to funds and the opportunity for upgrades, and is ideal for business owners who prefer to handle transactions in person.