We have a finance broker do all of our deals and we have a business loan with Westpac, company car with CBA and our company bank account and CC with NAB.
The loans were the best deal at the time and the NAB accounts were opened with them cause we banked with them personally from the start.
We bought our new home last Aug through our mortgage broker and he got the best deal with CBA so I have been moving all business accounts over too. I then get me a call just last week from NAB asking what they can do to get us back....well derrrr, better rates, no fees blah blah blah so I am waiting to see what they come up with for it all. Am still shocked that a bank called me with a better deal, not the other way round.
Never had a prob with any of the above mentioned banks at all really, but I would say that CBA have been the best and most helpful to deal with.
We use ANZ and they are good. Only thing is, but probably like most business banking accounts, is the number of fees they charge...they charge for excess EFTPOS and net banking transactions and a number of other things....annoying but what can you do!
We have an agribusiness Farm Management account with NAB and they have been very competitive, but then none of the other big banks are really into agribusiness as much as NAB is, so it's pretty easy to stay with them. Our pesonal banking is with CBA though for 2 reasons - 1 is that they have a pretty good everyday transaction account that costs us bugger all per month, plus they no longer charge you for ATM withdrawals with CBA ATM's or any other ATM's for that matter and 2 is that locally, it is the only bank which I can actually take a pram/stroller into - all the other banks have crappy doorways or stairs so you have to leave the pram outside and just take the baby in.
One thing you might find with some business banking acc'ts is that you have to keep x amount of $$ in there each month and if you fall under that amount you get charged a fee for it. I know NAB used to do that with one of their regular business accounts, which is why we went for the agribusiness one cause we didn't have to keep a minimum balance.
Trill: I have heard Elders have a good agri-business financial service.
Lulu: I would think the Big Four banks would be similar in what they offer on a whole... from listening to my DH (a banker) you would do best sussing out the managers etc at your local bank... because that's what it will come down to: how good the staff are at the branch you want to deal with.
ETA: We still use cheques. That's how I pay my Kinder fees etc. They don't have B-pay.
My Dh could probably answer your other question... i'll ask him when he gets home.
The local ANZ has such lovely staff but the Manager crapped me right off with my last business by reneging on a deal we struck and I feel like throwing eggs at her everytime I walk past, then they hit me with those STUPID overdraw fees, so they lost me. Pity, I like blue....
The local CBA manager seemed a little clueless, and NAB PEEVED me endlessly over my homeloan so they all pretty much suck!
Lucy in the sky with diamonds.
Business Banking
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