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Business Banking questions and answers

Business Banking FAQs

Contact one of our Business Banking Specialists or if you are already a customers, you can make Business Banking enquiries though Online Banking.

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.

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.

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.

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. 

Greater Bank's BPAY® Biller Service is ideally suited to Business Account holders with medium to large businesses. The service allows a business to offer their customers the option of paying via BPAY, making it more convenient for your customers to do business with you.

Once application for the has been approved, you will become a BPAY® Biller and will be able to issue invoices to your customers which will include the BPAY Logo, a unique Biller code that we will issue to you and a customer reference number which will allow you to identify their individual customers.

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 90% for residential property security and up to 70% for commercial and light industrial properties used as security.

Yes. Under the FCS an account holder who is a body corporate, partnership, unincorporated association and trustee of a trust is covered under the scheme up to the limit of $250,000 per account holder per Authorised Deposit-Taking institutions (‘ADI’). For more information, refer to apra.gov.au 

You can move money into your Greater Bank account through:

  • Online, mobile or phone banking
  • Direct credit access (via BSB and Account Number or PayID*)
  • Over the counter at a branch.

Transaction limits depend on the transaction type:

Transaction Type

Daily Limit

Cash withdrawals over the counter at any Greater Bank branch

$2,500.00

Cash withdrawals via ATM/EFTPOS cash out within Australia

$1,500.00

Purchase limit per card (EFTPOS and Visa)

$10,000.00

Daily Cash Limit any combination of:

  • ATM/EFTPOS cash out

  • Visa Manual Cash Disbursement

  • Cash-like transactions e.g. credit from PayPal

$1,500.00

Third party payments and one-off payments processed over the counter at any Greater Bank branch

$50,000.00

Osko# by BPAY

$5,000.00

Online banking

$25,000.00

 

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