St.George Freedom Business

If you run a business of any size, you want to be able to concentrate on your customers and providing them with the best service possible, you don’t want to get bogged down with banking paperwork and transactions. That is why you should consider the St.George Freedom Business account because it has all the features you need for fast and effective banking, as well as the option to include a myriad of other St.George services to make sure your business banking runs smoothly.

Features of a St.George Freedom Business Account

St.George recognises that as a modern business, you need modern banking features to keep up with the competition, and leave more time to look after your customers. Therefore, the Freedom Business account combines free phone and internet banking with ATM access, cheque facilities and the option of a business credit card.

Could the following banking features help your business manage its finances more efficiently and more affordably:

• A $0 monthly account keeping fee if you maintain a $5,000 minimum balance. Account fees may not seem significan’t on their own, but when you add them up over a year they can eat into your business profits significan’tly. Instead, St.George is going to reward you for running a thriving business by waiving their monthly Freedom Business account fee if you maintain a daily balance of $5,000 or more. If you dip below the minimum balance, the monthly fee is just $10.
• Unlimited, free, around the clock phone and internet banking. Whether you are checking on an invoice payment when you get into the office before starting work on the next stage of a client’s project, or you need to make a banking transfer while you are interstate or overseas, you can make as many phone or internet banking transactions as you like in a month for free.
• ATM and branch deposits and withdrawals. You will have 10 ATM or branch deposits and withdrawals included for free each month with your Freedom Business account.
• Cheque facilities. You can make 10 free cheque deposits or merchant envelope transactions in a month, to accommodate those customers who can’t or don’t use electronic payments.
• Tiered interest rates, calculated daily, paid six monthly. St.George also gives your business the opportunity to earn interest on the funds in your account and has a tiered interest rate structure, depending on your balance.

To the St.George Freedom Business account you can also easily add:

• The Business Owners’ Transaction Package. When you hold a Freedom Business account you may also be eligible for a free upgrade to the Business Owners’ Transaction Package which allows you to add a BusinessVantage Visa credit card for a $0 annual fee, a saving of $165 a year, and the option to have up to three BusinessVantage credit cards. BusinessVantage credit cards also have a facilitiy limit of up to $10,000 and 55 interest free days to assist with cash flow and bill payments, without worrying about interest charges.
• Additional Business Owners’ Transaction Package benefits include: a $0 Establishment fee on your business’ EFTPOS terminal which saves you $77; 10% off your total premium amount on insurance, a $0 business search fee which can save you $50; free legal and taxation advice on issues which relate to your business.
• Business SMS and email alerts. Setting up automatic alters on your Freedom Business account can ensure you are always on top of your account activity without needing to be logged into internet banking. You can set up alerts for: balance updates every day, week, fortnight or month; withdrawal alerts so you know a payment has been made or a cheque has been cashed; deposit alerts so you can know immediately whether invoices have been paid; high balance alerts so you know when your cash flow is healthy and you can spend some time paying off bills and reducing the limit of your business credit card; low balance alerts can warn you if your account falls below a certain amount; dishonour alerts will tell you if your account is overdrawn after a cheque was presented or a direct debit was made. To have these alerts sent via email is free for your business, and SMS alerts are 25 cents each.
• Business overdraft facility. To avoid the worry which can be associated with those lean months and those low account balances, you can add a business overdraft facility to act as a safety net when you need it, and ensure your business continues to run professionally without bouncing cheques or paying invoices late.

If your business is registered in Australia as a Sole Trader, Partnership or Company, you are eligible to apply for a St.George Freedom Business account. You can apply online in a short 10 minute application, or apply over the phone or in branch of you would prefer. For more information about the St.George Freedom Business account, follow our secure link directly to the St.George site.