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Bushfire assistance: Bank Australia is concerned for the safety and wellbeing of the people and communities affected by the bushfire crisis currently affecting many areas of Australia. Customers who need help can call us on 132 888 Monday to Friday 8am-8pm and Saturday 9am-2pm (AEDST). If you are insured by Allianz Insurance, support is available to customers 24/7 by calling 1300 555 030. 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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