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PLANNED OUTAGE on Sunday 26 September, 4am to 9am AEST. This outage will affect internet banking, the app, telephone banking, loan applications and new customers wanting to sign up. Call us on 132 888 for any questions, we're here 'til 8pm AEST Friday or between 9am and 2pm AEST Saturday. View details

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Your community based organisation wants to ensure its banking is working efficiently.

Making your banking work efficiently provides a strong basis for delivering services to your clients and the community.

There's some excellent information to assist with business banking at business.vic.gov.au/money-profit-and-accounting/financial-management-set-up/how-to-open-a-new-bank-account

Here are a few questions to consider:

  • Do you need a separate business bank account?
  • Do you have a sound bookkeeping system in place?
  • Do you need to finance cash flow fluctuations?
  • Do you need to finance premises, vehicles, equipment and inventory?
  • Do you have expansion plans?

Once you know your organisation's needs, you can look into the financial products that can help. Think about the costs, interest payments, charges or terms, tax and GST implications of each product and consult your business advisor or accountant for advice.

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