St.George Business Cheque Account

Managing your business finances is an important part of running a business, and it doesn’t pay to neglect your business bank accounts. Therefore, to make your business banking easier and more manageable so it’s not neglected, consider the St.George Business Cheque account which lets you do your banking your way, rather than forcing you to do your banking the way other business customers do theirs.

Benefits of the St.George Business Cheque Account to Your Business

If your business does not want or need to go online to do its banking, then you don’t need a bank account with free online and phone transactions, you need one with the cheque facilities and branch access you prefer. Just because more and more Australian banks seem to be becoming direct banks, those without branches or branch access, it doesn’t mean you can’t ban the way you want, in person.

Benefits to your business include:

• A $0 monthly account keeping fee. Just because you want more personalised features in your Business Cheque account, doesn’t mean you have to pay extra for them. Instead, if you maintain a daily balance of $10,000 in your Business Cheque account, St.George will waive the $10 monthly fee.
• Branch and ATM transactions included. Your Business Cheque account comes with 15 free deposits or withdrawals at a branch or an ATM each month so you can manage your account your way wherever you are.
• Cheque deposits and merchant envelopes included. You will also have 15 free cheque deposits or merchant envelopes to use each month with your Business Cheque account, so you’re sure to be able to maintain a fee free business banking experience.
• Your business is protected by the Government Guarantee. The Australian Government has a deposit scheme running until October 2011, where the deposits of all Australians are guaranteed by the government in case their institution cannot cover the amount. Deposits up to $1 million are covered for free in eligible financial institutions and all deposits with St.George are covered, even in your business accounts.
• Instant access to your business funds. Success in business can often be all about timing and if you need instant access to your funds, you don’t want to be waiting around for banking transfers or cheque cashing when you need your funds now. With the St.George Business Cheque account you can access your funds in a branch or via cheque, and at any time of the day or night through phone, internet, ATM, EFTPOS or BPAY transactions.

To personalise your business banking experience with St.George, you can also add a number of other features, including the Business Owners’ Transaction Package, which offers:

• A BusinessVantage credit card for $0. Upgrading to the Business Owners’ Transaction Package you are eligible to add a business credit card to your cheque account and St.George will waive the $165 annual fee. You can also add up to three card holders, and choose a credit limit up to $10,000, with 55 interest free days.
• Free establishment of an EFTPOS terminal. Allowing your customers to pay you instantly via EFTPOS can save you hours of stress and angst in chasing up overdue invoices. St.George will also waive the $70 establishment fee for an EFTPOS terminal for your business.
• Discounted business insurance premiums. Your business insurance can provide you with death cover, total permanent disability cover, recovery benefit, disability income protection benefit or business expense benefit, and because you hold the Business Owners’ Transaction package, you will receive 10% off your premiums.
• A waiver of the $50 business search fee. Normally a search of your business name has to be conducted on a new business account, and the customer has to foot the bill. Instead, St.George will waive the fee for the business search.

To make your Business Cheque account easier to manage you can include features such as:

• SMS and email alerts of your account activity. You can set up automatic alerts to be sent to your email for free, or sent as an SMS for 25 cents each. You can choose from seven different alerts for warnings about account balances, notification of cheque cashing or direct debits, and dishonour fees.
• Business overdraft. For added security and peace of mind in running your business, you can have an overdraft added to your Business Cheque account. This can make it easier to manage your cash flow when customers are not paying their invoices, or during a slow time of the year, and acts as a safety net to help you avoid overdrawn and dishonour fees on your account.

You can start an online application for a St.George Business Cheque account now by following our secure link to the online form here. Or you can call or visit a St.George branch to apply in person, and discuss which features of a St.George business account would best suit your operations.