Consolidate your banking

You wouldn’t dream of buying the same stock from a different company each month. But many businesses don’t think twice about spreading their banking across a few banks. Bringing your banking together could be the most important single step you take to get cash flow under control.

When you consolidate your business with a single supplier, you increase your bargaining power by building a stronger relationship. You also cut down paperwork and make it easier to control costs without time-consuming reconciliations. The same thing applies to your banking.

Most importantly, by consolidating your banking you can get a complete picture of your cash flow position, and then move funds around at will.

Five reasons to consolidate with the Commonwealth Bank

1. Track cash flow in real time

Use an online banking solution like CommBiz or NetBank to assess your complete cash flow position at a glance, 24 hours a day.

2. Make cash work harder

With all of your banking in one place, you can transfer cash between accounts instantly, without paying transfer fees. This means you can put spare cash to work in a high-interest savings account link Business Online Saver and then access it when you need to.

3. Enjoy smarter solutions

Whether you’re receiving money, paying money, borrowing money, investing money or protecting money, our solutions are designed especially for businesses like yours. From award winning* business banking accounts to sophisticated financing options, we have everything you need to create a complete cash flow solution.

• Easy-to-manage business accounts that cater for different requirements
• Payment solutions, including EFTPOS facilities, bill payment products and industry payment services
• Flexible borrowing options to buy new equipment or fund growth
• International account management facilities, including importing and exporting services
• You can manage all your business banking online through CommBiz, our premium online transaction service, and NetBank, our everyday online banking facility.

4. Get expert advice

When you bank with us, you can expect prompt, informed advice that accommodates your unique needs. Our Business Bankers will work with you to tailor financial solutions for every stage of your business lifecycle and they are backed by expert teams specialising in everything from overseas trade to asset finance and merchant solutions.

5. Choose how you do business with us, 24/7

All of our branches are ready to help with fundamental business banking and our award winning online banking puts you in control of managing your money online. But most importantly, our Australia-based Business Banker Contact Centre means you can call 13 1998 any time of the night or day and speak with a Business Banking Specialist. Doing business with us is easy, 24/7.

Switching to us is easy

Whether you’re an experienced business or just starting out, we’re ready to help. With your Business Transaction Account our online switching service will help transfer your regular direct debits and credits.

• Important information 
  *The Asian Banker is a leading provider of strategic intelligence to the financial services industry.
  
  Every year, The Asian Banker Transaction Banking Awards honour the achievements of leading global and domestic banks in the transaction banking business including cash management, trade finance, payments and counterparty relationships. In 2011 we were awarded Best Cash Management Bank in Australia.
  
  As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. All products mentioned on this web page are issued by the Commonwealth Bank of Australia; view our Financial Services Guide (PDF 59kb).

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