My 4 Favourite FREE Business Bank Accounts

Bookkeeping-business-bank

As a business owner we are always looking for the best cheap or free option to keep our expenses low. 

Here I review my favourite FREE business bank accounts so you can choose the best one for your business!

CBA 

A brand NEW option with CBA is their Business Transaction account where they offer $0 monthly fees! 

Benefits:

  • Can easily Sync with your accounting software
  • ATM’s available everywhere
  • Real-time alerts so you can know exactly when you’ve been paid
  • Visa Debit Card

You can find out more at CBA.

Bankwest

Business Zero Transaction Account with $0 monthly fees

Benefits:

  • No ATM fees at all Bankwest or CBA atms
  • Online Banking
  • Synch with your accounting software
  • Visa Debit Card

Cons:

  • No branches – but you can deposit cash/cheques at any CBA branch or post office

You can find out more at Bankwest.

NAB

Business Everyday account with $0 monthly fees

Benefits:

  • ATMs and branches are everywhere
  • Visa Debit Card
  • Synch with your accounting software

You can find out more at NAB.

Suncorp

Voted Money Magazine’s Business Bank of the year 3 years running! 

Business Premium Account with $0 monthly fees

Benefits:

  • Can use rediATM at no additional cost
  • Visa Debit Card
  • Synch with your accounting software
  • Can be set up as an offset account for an eligible Suncorp Small Business Loan.

You can find out more at Suncorp.

Which is best?

Well that all comes down to your personal preference when choosing the best business bank account, but the Suncorp accounts look like a fantastic choice to me!

If you have a need to get a small business loan, the fact that the business bank account can offset that loan is a HUGE bonus to me! I haven’t come across any other bank that offers this! 

Want to speak to someone about advice for your business – check out my  ‘What’s the difference between a Bookkeeper, BAS Agent and Accountant?’ to find out who is the best kind of professional to ask! 

Want to have an obligation free chat to see how to keep your bookkeeping brilliant? Book now!

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Meet Amanda

I absolutely love to help others in any way that I can.

And what better way to do that than with their business? I really enjoy helping business owners to keep on top of their books so they can focus on the parts of their business that they love doing!

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