This is a low-cost, flexible and convenient account small business holders. It has additional features, such as a low interest rate credit card if you upgrade and regular alerts on changes within your account, that can make running your business much smoother.

Is This Account For Me?

This account is ideal for people running a small business looking for peace of mind, flexibility and a safe place to put their money and watch their business grow. Nobody is more aware of costs than small business owners, and this account is relatively low-cost if managed properly.

The Advantages of This Account

There are several benefits to a St.George Freedom Business Account. Transactions are free, which is a weight off your mind when paying staff and overheads. Customers using this account also get unlimited free internet and phone banking transactions around the clock, which means that if you wake up in the middle of the night remembering that you haven’t paid a supplier, there is no need to panic. Customers receive 10 free deposits or withdrawals per month from St.George branches or ATMs, so with forward planning, you can avoid the cost of withdrawing money from the account. Customers can also take advantage of the 10 free cheque deposits or merchant envelopes every month.

To help keep track of changes to the balance of the business account, account holders can receive SMS and email alerts, so if your business involves travel or constant meetings, you can check your balance as an when you need to, rather than needing to log onto your online account or visit a branch.

Running a business has its ups and downs and there will inevitably be months where profits are low and overheads are high. The St.George Freedom Business Account allows business owners to navigate these months with a little more ease, as a business overdraft can easily be arranged.

For added peace of mind, the account comes with free online legal and taxation advice, helping business owners to keep on top of tax and accountancy issues specific to their businesses.

Access to funds with this account are good; customers can withdraw funds from their branch, ATMS, via cheques, using EFTPOS, BPAY and phone and internet banking. As with most business accounts, there is a monthly account keeping fee, but only if the daily business account balance dips below $5,000. So, with some forward-planning, the account can be used fee-free.

Eligibility

To open this account, your business or organisation must be registered in Australia.

How Do I Open a St.George Freedom Business Account?

As with the majority of St.George accounts, the Freedom Business Account can be opened in the branch, over the phone, or via a secure, simple and quick online application form.*

Summary

The St.George Freedom Business Account is great for small business owners looking to save money on their business account by avoiding unnecessary fees, and comes with a number of perks to help make running a business much easier.