All Topics / Legal & Accounting / Any no monthly fee Business Bank Accounts?

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  • Profile photo of EarthlingEarthling
    Member
    @earthling
    Join Date: 2007
    Post Count: 24
    October 2, 2009 - 9:10 am

    Im frustrated with these banks charging me $10 a month to keep an account, no different then a savings account, except its tagged to the business….
    Im in the early stages of a business and to be honest the account wont be used that much…but I need one.
    Does anyone know of a bank that has no monthly fees for a business account?
    Just online transations are fine.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    October 5, 2009 - 9:08 pm

    I use bankwest – no monthly fees and high interest – but need two accounts – one transaction which you can deposit and withdraw from and then transfer the money from that to the high interest one via the net.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of cmasoncmason
    Participant
    @cmason
    Join Date: 2009
    Post Count: 53
    October 5, 2009 - 11:10 pm

    Does it need to have the tag "Business Account"? NAB have eBanking account which if you deposit at least $2,500 a month there is no monthly fee

    Profile photo of EarthlingEarthling
    Member
    @earthling
    Join Date: 2007
    Post Count: 24
    October 10, 2009 - 5:00 am

    Thanks Terry. Yes it needs to be a business account cmason.
    I have had a chat to Bankwest and submitted the paperwork.
    What a great Bank!

Viewing 4 posts - 1 through 4 (of 4 total)

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