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Bank Australia open to serve our customers: As an essential service under the shutdowns announced Sunday evening by the Victorian and New South Wales governments, our branches and contact centres will remain open to serve our customers with their banking needs over the coming days and weeks. You can still get in touch with us by phone on 132 888 from 8am to 8pm, Monday to Friday. It may take us longer to answer your call as more customers choose to call rather than come into a branch so thanks in advance for your patience and please take care of yourselves. 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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