Buying a business
You may be dreaming of being your own boss, or maybe you’ve spotted the next big thing and want in on the ground floor. Here’s how to buy a business in five easy steps.
Business Banking questions and answers
Business Banking FAQs
Contact one of our Business Banking Specialists or if you are already a customer, you can make Business Banking enquiries though Online Banking.
Terms, conditions, fees, charges and credit criteria apply.
Yes. Our Greater Bank Business Credit Card can complement your business finances by enabling you to provide your staff with a card and keep track of the business spending, ability to make quick and easy purchases (including up to 55 days interest free period) with a competitive interest rate and lower fees.
Terms, conditions, fees, charges and credit criteria apply.
A business line of credit may be useful for accessing funds to assist with cash flow requirements.
Our Greater Bank business line of credit offers competitive interest rates, lower fees and the support of our Business Banking Specialists.
Terms, conditions, fees, charges and credit criteria apply.
A business loan may be useful for accessing funds upfront for longer term investments such as property.
Our Greater Bank business loans offer competitive interest rates, lower fees and the support of our Business Banking Specialists.
Terms, conditions, fees, charges and credit criteria apply.
Yes. XERO allows business owners to provide their accountants with financial information via an online interface.
Once you register for XERO bank feeds, transactional data is uploaded automatically each morning.
MYOB (Bank Link) allows businesses to get accurate data reconciliation, automated expenses and secure access from anywhere.
Yes, for variable interest rate business loans.
Additional costs may apply to fixed rate business loans.
Greater Bank Business Loans allow you to borrow up to 80% for residential property security and up to 70% for commercial and light industrial properties used as security.
Terms, conditions, fees, charges and credit criteria apply.
Yes. Under the Financial Claims Scheme, an account holder who is a body corporate, partnership, unincorporated association, or trustee of a trust is covered under the scheme up to the limit of $250,000 per account holder per authorised deposit-taking institution (ADI).
Greater Bank and Newcastle Permanent are both parts of Newcastle Greater Mutual Group Ltd, a single ADI. Therefore, a single $250,000 limit will apply to the aggregate balance of any eligible accounts held across Greater Bank and Newcastle Permanent.
For more information, go to www.fcs.gov.au
You can move money into your Greater Bank account through:
- Online banking or our app
- Direct credit access (via BSB and Account Number or PayID® )
- Over the counter at a branch.
PayID is a registered trademark of NPP Australia Limited.
Transaction limits depend on the transaction type. These limits are outlined on our payment limits page.
How we can help
Growing your business
We’ve combined our best tips and hints to help you take your business to the next level, no matter what your growth goals may be.
Starting a business
Being your own boss is extremely appealing, but without the right support, finance and advice, it can be hard to get your business off the launchpad.
We're here to help
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You should review the relevant payment facility terms and conditions available on our website before deciding whether a service is appropriate for your personal circumstances.