Unlike some other banks Commonwealth Bank provides same day settlement** on the credit and EFTPOS sales your business makes, every single day - 7 days a week, 365 days a year, so you can:
Save money faster
Start earning interest on your sales revenue from the day your sales are made, even on your busiest days like weekends and public holidays.
You may no longer have to rely on short-term loans to take care of business expenses, which means you can cut down on your borrowings and reduce interest costs.
Simplify reconciliation
Keeping track of your transaction history is simple because payments will appear in your account on the same day.
So you don't have to wait until Tuesday morning to receive the funds from your weekend sales. Save time and stress by knowing where you stand financially at any time and make informed decisions for your business.
Put your money to work faster
Access your money when you need it so you can pay bills, order stock or pay staff over the weekend.
And, with faster access to your revenue, you can pay your suppliers on time, so you can negotiate for early payment discounts.
To find out more talk to us today on 1800 730 5541800 730 554 or email us here.
With our dedicated switching support team, switching is simpler than you think. We can help build the right solution to match your individual business needs. From ensuring you have the right accounts, setting up electronic banking to giving you information on things you may want to consider from an administrative perspective. We are happy to help you through the process.
To get in contact with our specialist switching support team or find out more about how to switch call 1800 730 5541800 730 554.
Our flexible payment solutions mean your customers can pay you easily. We settle funds from card payments to your Commonwealth Bank Business Transaction Account on the same day and offer the convenience of 24-hour support.
Integrate with your point-of-sale system
Integrate your EFTPOS terminal with your point-of-sale system to eliminate errors and streamline payment processing. More info
Accept payments in your shop
Offer your customers a convenient and simple way to make payments using all major debit and credit cards. More info
Accept payments on the move
Accept fast, secure card payments - no matter where you are - with our portable EFTPOS service. More info
Enhanced reporting with CommBiz
CommBiz provides detailed merchant reporting so you can access transaction information online anytime, anywhere - and export them to a spreadsheet for your own analysis and reconciliation.
Phone and online payments
Everyday Settlement is now available for payments made over the phone and the internet. Find out more about these solutions.
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