• Business
    • Marketing
    • Biz Tech
  • Cloud
  • Social Media
  • Software
  • Gaming
  • More
    • Alternatives
      • Movie Streaming Sites
        • 1MoviesHD
        • Hurawatch
        • Ifvod
        • Bflix
        • Couchtuner
        • FlixHQ
        • Movieorca
        • Turkish123
      • Anime Streaming Sites
        • Animesuge
        • Animekisa
        • Animedao
        • Anilinkz
        • Wcofun
      • Manga Sites
        • Asurascans
        • Comick.fun
        • Webtoon XYZ
      • Sports Streaming Sites
        • Streameast
        • Myp2p
        • VIPRow
        • NFLBite
      • Photos & Graphics
      • Game Utilities
      • Online Tools
      • Misc
  • Cybersecurity
  • Crypto

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

How To Activate Foxsports.com? [2023 Guide]

Sep 27, 2023

How To Activate Weathergroup.com In 2023?

Sep 27, 2023

Main Reasons for Attending Blockchain Conferences

Sep 27, 2023
Facebook X (Twitter) Instagram
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Write For Us
  • Contact Us
Facebook X (Twitter)
Digital Edge
  • Business
    • Marketing
    • Biz Tech
  • Cloud
  • Social Media
  • Software
  • Gaming
  • More
    • Alternatives
      • Movie Streaming Sites
        • 1MoviesHD
        • Hurawatch
        • Ifvod
        • Bflix
        • Couchtuner
        • FlixHQ
        • Movieorca
        • Turkish123
      • Anime Streaming Sites
        • Animesuge
        • Animekisa
        • Animedao
        • Anilinkz
        • Wcofun
      • Manga Sites
        • Asurascans
        • Comick.fun
        • Webtoon XYZ
      • Sports Streaming Sites
        • Streameast
        • Myp2p
        • VIPRow
        • NFLBite
      • Photos & Graphics
      • Game Utilities
      • Online Tools
      • Misc
  • Cybersecurity
  • Crypto
Digital Edge
Home»Business»The Top Two Banking Accounts For Your Business Needs
Business

The Top Two Banking Accounts For Your Business Needs

Michael JenningsBy Michael JenningsApr 21, 2021No Comments4 Mins Read

Starting a business requires a lot of work. You need to make the right choices, pick the appropriate partners, and ensure that the foundation of the business is strong. Selecting the right banking partner for your business is one such critical decision. The right banking partner will make your financial journey smooth and lucrative.

A business bank account has a lot of advantages:

  • A Business Bank Account helps to maintain accurate bookkeeping
  • It makes your business look more professional
  • Business Accounts make the audit process clear and easy
  • It gives a clear picture of your actual credit standing
  • Enables you to process payrolls.

While there are various banks that promise to offer the best services, however, before you you’re your business bank account, check for these factors:

Contents hide
1 Account Opening Cost
2 Minimum Balance Requirement
3 Size Matters
4 What are the perks?
4.1 Digital presence
4.2 ANZ Business Advantage
4.3 Airwallex Business Account
5 The Bottom Line

Account Opening Cost

There are banks like, ANZ business bank and the Airwallex bank account that offer zero account opening cost. These are the leading banks of Australia; they allow businesses to open bank accounts free of cost. So, research well and select the bank that offers more features at minimum fees.

Minimum Balance Requirement

Some banks ask for a huge minimum balance in your account. The amount can start from 138 dollars and go up to 300 dollars in foreign banks. Most banks charge a penalty if the minimum balance is not maintained. Thus, select a bank where you can maintain the bank with a low minimum balance. Select a bank where you can earn high returns on your investments.

Size Matters

Based on your business needs, you must select your bank. For instance, if your need is a global presence, select a big bank with branches in many states and countries. Smaller banks will help you operate locally, they also offer better interest rates with very little maintenance fee. Thus, based on your business needs, select the appropriate bank.

What are the perks?

To lure customers, banks offer lucrative perks, like gift cards, coupons, discounts, payroll services and taxation help. Thus, evaluate the perks as per your business needs. Also, ask the bank what best they can offer. Make your decision, based on which banks give you better deals.

Digital presence

Today is the era of digital transactions. Businesses are always on the move and thus, to support the seamless working of the business, the presence of a robust online banking system is a must. Technology empowers businesses, thus choosing a bank that uses the latest technology and provides a secure online payment platform for your needs.

If you want to set up your business in Australia, then these two banks are most recommended:

  • ANZ Business Bank Account
  • Airwallex Business Account

Let’s look at the advantages of using each of these banks:

ANZ Business Advantage

ANZ business bank account is most suited for everyday transactions. It offers flat monthly fees and unlimited monthly transfers. With ANZ, you can make unlimited cash and cheque deposits and withdrawals. 

Additionally, ANZ offers an overdraft facility, which can help you always manage a steady cash flow.

What makes the bank most preferred is its account linking feature. ANZ allows businesses to integrate their accounting software with the bank account. This linkage will bring more transparency and simplicity into the financial processes of the company.

Airwallex Business Account

When you open your business bank account with Airwallex, you are spared from paying any banking fees. This means that you don’t need to do anything to maintain your account. 

Additionally, the bank offers the best FX rates, which is 80% more competitive than any other big banks. If your business involves foreign transactions, then Airwallex will allow you to transact in 11 different currencies.

The bank has a secure online platform; it offers a virtual debit card that can sync with your accounting software. Thus, allowing you to manage your transactions in real-time.

The Bottom Line

If you have a business, you surely need a bank account. Before you choose your banking partner, reflect on your needs and the perks that the banks offer. Choose the bank that can help you grow without any boundaries or conditions.

Michael Jennings

Micheal wrote his first article for Digitaledge.org in 2015 and now calls himself a “tech cupid.” Proud owner of a weird collection of cocktail ingredients and rings, along with a fascination for AI and algorithms. He loves to write about devices that make our life easier and occasionally about movies. “Would love to witness the Zombie Apocalypse before I die.”- Michael

Related Posts

What Are The Most Current Property Management Trends?

Sep 26, 2023

7 Organic Marketing Strategies to Scale Quickly in 2023

Sep 25, 2023

The Most Common Web Security Threats to Your Business

Sep 19, 2023
Top Posts

27 1MoviesHD Alternatives – Top Free Options That Work in 2023

Aug 7, 2023

17 TheWatchSeries Alternatives in 2023[100% Working]

Aug 6, 2023

12 Zooqle Alternative Torrent Sites That Work In 2023

Aug 6, 2023

Is TVMuse Working? 100% Working TVMuse Alternatives And Mirror Sites In 2023

Aug 4, 2023

SockShare – Is it Working? 22 Best Alternatives in 2023

Aug 4, 2023

23 Rainierland Alternatives in 2023 [ Sites For Free Movies]

Aug 3, 2023

15 Cucirca Alternatives For Online Movies in 2023

Aug 3, 2023
About Us

Digital Edge is the freshest voice in the field of technology and digital media. Our editorial staff is really passionate in their efforts to curate the latest technological breakthroughs in new and emerging technologies from all over the world to help businesses, IT professionals and consumers to stay abreast with all the latest developments.

We pride ourselves in providing quality content from reputed authors and bloggers as well as from passionate observers like you! If you have a unique voice that you would like to unleash on the rest of the world, then please let us know! Our editors go over everything with a fine tooth comb as a result of which any proverbial cracks are paper-thin from which no inaccuracies ever seep through! However, if there is anything you do not agree with or if you want to comment on the swell job that we are doing, feel free to reach out to us as well. We love hearing from you!

Most Popular

Hisense TV Won’t Turn On – The Ultimate Troubleshooting Guide for Tech Noobs

Apr 19, 2023

Vizio TV Not Turning On – The Ultimate Guide to Resolving the Issue

Apr 20, 2023

How to Monitor Your SERP Competitor Rankings: Details you need

Apr 24, 2023
Our Picks

How To Activate Foxsports.com? [2023 Guide]

Sep 27, 2023

How To Activate Weathergroup.com In 2023?

Sep 27, 2023

Main Reasons for Attending Blockchain Conferences

Sep 27, 2023
Facebook X (Twitter)
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Write For Us
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.