#Business Banking
Businesses less satisfied with banks
Business customers are less satisfied with their banks than personal customers, the latest Roy Morgan Business Single Source survey revealing a further drop in the satisfaction level during the month of March.
Business satisfaction with banks hits high
Business banking customers have reached a new level of satisfaction, according to the latest findings from the Roy Morgan Research Business Banking Satisfaction Report.
Business customer satisfaction levels up among big banks
Business customers are seeing a higher level of satisfaction with their banks, according to a survey.
What can the big four offer your business?
All the big banks say they’re the best for small business, but they also all want a piece of this large part of the market. To cut through the confusion, here’s an in-depth look at what each bank claims to have to offer SMBs.
Why every entrepreneur needs a mortgage broker
Legislative changes over the last few years to protect borrowers have made life easier for some and harder for others. While many borrowers now enjoy higher levels of protection, borrowing can now be harder for self-employed entrepreneurs.
Why you should get to know your local business banker
Running your own business is enormously rewarding but it’s also hard work. Not only do you have to be your own accounts department, you’re also the sales team, human resources manager and paymaster. The good news is that expert financial advice is closer than you think, and it comes in the form of your local business banker.
Expert tips for appearing more attractive to the banks
Seeking finance can be a daunting task, even for the most confident business owner. With careful planning and a clear view of what the banks are looking for, however, the burden of obtaining finance can be greatly reduced.
Rate cuts make no difference to business bank satisfaction
Businesses are no more satisfied with the major banks now than they were in October, despite two interest rate cuts in November and December.
Know how to secure a better bank deal
The old saying, you have to spend money to make money might be true, but one expert offers some insight into negotiating the best banking deals, so you don’t have to spend as much to get started or keep going.
How to get a better business banking deal
Intense competition between the banks is making it easier to get the best banking deal and loan terms for your business.
Sydney banks voted better than Melbourne’s
New financial research has shown Australians are more satisfied with Sydney-based banks than Melbourne-based ones.
How do you choose the right bank for your business?
We asked three bankers their opinion on how small business owners should choose their business bank, the questions they should be asking, whether they need a separate bank for their personal affairs and how important fees are.
Westpac and CBA scoring well with micro businesses
The major banks are becoming increasingly different in their approaches to the business banking market, according to recent customer satisfaction results.
Is a bank overdraft right for you?
Whilst some businesses prefer to make use of a bank overdraft, there are a number of disadvantages of using this method of credit. Use this checklist to see whether an overdraft is right for your business.
Take control with real-time business banking
For years, business owners have been able to log onto their online banking service to check their cash position, any time of the day or night. But how complete is the information you see on your screen?
5 reasons your business looks high risk to the bank
Bankers are judgmental – they have to be as they’re given limited information about their client and are expected to spot clues about credit risk from the basic information available. Given this, there are a few simple ways you can ensure your business appears low risk to the bank.
Is your bank a stakeholder or the enemy?
With insolvencies continuing to rise, SME owners and directors need to ask themselves if they’re being proactive in managing their banking relationship, both in good times and in bad.
Sliding demand noted for business banking products
Demand for business banking products has dropped significantly over the past four months, with commercial banks including the Big Four local providers as well as regional and international banks all reporting a downturn in demand.
SMBs treated as second-class customers by local banks
In comparison to personal customers, small businesses are being treated as second-class customers by Australian banking providers, leading Mozo.com.au to launch a comprehensive business banking comparison service to help small business owners compare their options.
Regional banks little different to Big4: SMBs
Small businesses see little difference between the Big4 major banks and regional bank brands such as BankWest, BankSA and St George, new research has found.
Test banking for small business
Rohan Gamble weighs up Australian business bank packages with their UK counterparts. “You’d like to think a more robust economy that isn’t teetering on a gut-wrenching debt precipice would fare pretty well in the financial services stakes – especially now that the taxpayer is guaranteeing savings and all that.”
The Future of Business Banking
Changes are afoot in the way business banking works in Australia and small businesses are now in a prime position as banks compete fiercely for their business.
Westpac rips off credit card customers with new policy
Westpac has announced a change in policy for credit card owners and will now charge interest on interest and as well as on fees paid by customers for items such as late payments.
Mastercard renews agreement with TNS
Transaction Network Services has renewed its agreement with Credit Card network MasterCard to provide payment server software for MasterCard’s ecommerce platform, the MasterCard Internet Gateway Service (MiGS). MiGS provides an outsourced payment gateway service for MasterCard’s bank acquirers and merchant customers. The MiGS platform provides Card-Not-Present transactions for online activities, including eCommerce and purchases via […]