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Business Accounts - Greater Bank

Business Accounts

At Greater Bank, we live and work in the communities in which we operate. We know how seriously our customers take their businesses; the last thing they need is headaches when it comes to money. We offer a range of accounts designed to provide great value while making Business Banking simple.

Business Accounts - Greater Bank

Business Access

Interest rate 0.01 % p.a.
Balances of $100,000+

Our banking accounts for business offer convenient access, great features & low or no fees. Read why our business access accounts serve you best here.

Low fees, including no monthly account keeping fees.
Free internet & mobile banking with real-time payments via Osko® and PayID™, access to BankLink and Xero.
Pay your way – set up your digital wallet to make purchases using Apple Pay and Google Pay™.
Business Access

Business Optimiser

Interest rate 0.01 % p.a.
Balances of $0 - $19,999.99

Any business owner is great at multi-tasking, so shouldn’t your business banking do the same? Our Business Optimiser is great for handling everyday transactions while offering interest on your balance.

Competitive interest rates with interest calculated daily and paid quarterly.
Third Party Payment Service – use Online Banking to make singular or batch business payments.

Business Investment Accounts

Interest rate 4.55 % p.a.
12 months - $5,000-$49,999.99 - Interest on Maturity

A Business Investment Account from Greater Bank such as a Term Deposit lets you earn the maximum return on your excess cash. Start a conversation with a Business Banking specialist today and open a Business Investment Account.

A Term Investment for Businesses allows you to lock your money away for a term length to suit your needs, while earning a competitive interest rate.

Your questions answered

For entities other than natural persons to open an account with Greater Bank, we'll require the following identification documents (in addition to identification for all associated individuals):

 

Type of Entity Verification of identity guidelines
Sole Trader Accounts

Requirements:

Current original/certified copy of photo identification for each individual:

  • Sole Trader
  • Authorised signatory

For sole traders who have a business name:

  • Current valid registration status with ASIC. Our staff will be able to verify this on your behalf using ASIC's online registers
Company Accounts

Requirements:

Current original/certified copy of photo identification for each individual:

  • Company director signing on the account
  • Person who owns 25% or more company shares*
  • Authorised signatory

* For proprietary limited companies (Pty Ltd) only

Current original/certified copy of one of the following for the applicant company:

  • A full current company search obtained from ASIC or other related database
  • A company statement issued by ASIC within the previous 12 months
  • A completed Form 201 for companies registered less than 3 months ago

For companies who own 25% or more shares in the applicant company, we require one of the following:

  • A full current company search obtained from ASIC or other related database for all
  • A company statement issued by ASIC within the previous 12 months
Association Accounts

Requirements:

Current original/certified copy of photo identification for each current individual:

  • President/Chairman
  • Secretary
  • Treasurer
  • Office bearer signing on the account
  • Authorised signatory

Meeting minutes for the association with these minimum requirements:

  • Date of the meeting (less than 12 months old)
  • The full association name*
  • The first and last legal name of the current President/Chairman, Secretary and Treasurer for the association

* This will need to match the name registered with the governing body where applicable

For incorporated associations,
co-operatives and charities:

  • Current valid registration status with relevant state governing body. Our staff will be able to verify this on your behalf using the governing body's online register.
Strata Accounts

Requirements:

Current original/certified copy of photo identification for each current individual:

  • Executive/Strata committee member
  • Managing Agent representative
  • Authorised Signatory

Meeting minutes for the strata with these
minimum requirements:

  • Date of the meeting (less than 12 months old)
  • The Full Strata Name*
  • The first and last legal name of each Executive Committee Member (minimum 2 individuals)

* This name will need to match the name registered with the relevant state governing body

For New Accounts:

  • Strata Plan (which includes certificate of title and floor plan)
Trust Accounts

Requirements:

Current original/certified copy of photo identification for each individual:

  • Appointor/Principal
  • Individual Trustee
  • Director/s of a Trustee Company
  • Trustee company shareholder with 25% or more shares
  • Authorised Signatory

Current original/certified copy of the trust deed which contains:

  • All pages of the document
  • A signed and dated execution page*
  • The governing rules for the trust

*For digitally executed deeds we may require additional documentation

Current original/certified copy of one of the following for the trustee company:

  • A full current company statement obtained from ASIC or other related database
  • A current company statement issued by ASIC within the previous 12 months

Certified copies or original deed/s of variant or amendment which contain:

  • All pages of the document/s
  • Details of the variation/amendment
  • A signed and dated execution page
  • The governing rules for the trust deed

 

Got Any Questions?

If you have any questions please speak with our friendly branch staff or call our Contact Centre on 13 13 86.

Business Credit Card

A Business Credit card gives you access to money on credit and assists with balances out your cash flow requirements. The Business Credit Card facility also allows for a 55 day interest free period. A little help to get your business the resources it needs so you can focus on growing doing what you do best.

Can’t quite find what you’re after?

Ready to get started?

Start a conversation with one of our Business Banking specialists today by sending us a few quick details.

Enquire Now

Drop into a branch

Our friendly staff are happy to help with all your banking needs. Find a location near you across NSW and South East QLD.

Find a branch

Get in touch

Call us Monday to Friday 8:00am – 6:00pm and Saturdays 8:00am – 1:00pm AEST

Call 13 13 86

*Conditions, fees and charges apply to all loans. Subject to meeting Greater Bank's lending criteria.

Greater Bank, part of Newcastle Greater Mutual Group Ltd ACN 087 651 992, Australian Financial Services Licence/Australian credit licence 238273 

All applicants to be individually assessed for serviceability. Up to 55 days interest free on Credit Card purchases if you pay the full balance shown on your statement each month. View our Product Disclosure documents here and our current interest rates here.

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