Banking

Learn how Zeller Transaction Account compares to traditional business banks in Australia. Keeping accurate financial records is essential to running a business, and it all starts with a business bank account . However, navigating the muddy waters of bank jargon and fee structures is no easy task. To help make the decision easier for small business owners, we’ve compared the best business banking accounts in Australia, and weighed them up against Zeller, a smarter and more affordable non-bank alternative to your traditional business bank. Read on to discover why you need to open a business bank account , what factors you need to consider, and why an alternative financial services solution like Zeller could be the better choice for your small business. Bank accounts for Australian small businesses Every bank and financial services provider has its own approach to offering business transaction accounts and structuring the fees that come with them. Some have a wide range of add-on services that can be very valuable to the right business, but come at an additional cost. Others require fees simply for continued access and use, without any added benefits. Identifying what’s relevant and useful to your particular business will not only keep costs low, but ensure you are getting the maximum value from the service. Business bank account comparison table To help you find your way through the weeds, we’ve aggregated the fee structures and features of business bank accounts from six major Australian banks — Westpac , CommBank , NAB , ANZ , Suncorp and Bendigo Bank — and compared them to the Zeller Transaction Account in one simple comparison table. Simply select the two banks you would like to compare from the drop-down menu, and scroll down to compare all the different criteria you should consider when choosing a business bank account. What is a business bank account? A business bank account is a specialised bank account designed specifically for the needs of businesses. It is used to manage the financial transactions of a company, such as paying bills, receiving payments from customers, and managing payroll. Business bank accounts can be opened at most banks and financial institutions, and are typically offered in a variety of account types to suit the different needs of both large and small businesses. Why do you need a business bank account? Whether you’re planning a medium-sized enterprise or starting out as a sole trader, any business venture requires separating your personal and business finances. For businesses structured as a partnership, company or a trust, having a business bank account is a legal requirement for tax purposes; For sole traders, a business bank account is not required under Australian law, but is strongly recommended. Separating business from pleasure in your bank accounts makes reconciliation for bookkeeping and tax considerably easier, professional and legitimate. Additional benefits include: Is there an alternative to a traditional bank? Yes, business owners nowadays can access a wide range of non-bank financial services solutions, as an alternative to their traditional business bank. Additionally, you should also re-consider the value you can get from an alternative to the traditional business bank — rather than just an account to store money in, many new providers offer an array of powerful business banking features. When comparing business banks, look for solutions that include features such as instant sub-account creation, the ability to issue virtual and physical business debit cards in a click, real-time fund transfers, a dedicated business banking mobile app, transaction tagging and reporting, integrations with your accounting software, customer-level tagging and relationship management reports,  and more. If you’re considering a non-bank alternative to your traditional provider, sign up for a free Zeller Transaction Account to review all of the features and functionality included that you may never get from a regular business bank. Zeller's financial solution Zeller is a popular Australian alternative to the traditional, outdated business bank, that offers business owners a complete financial services solution with free Transaction Accounts , Business Debit Cards , an EFTPOS Machine , invoicing software , and more, all available from one convenient and free account. If you require a way to store, manage and spend your business funds, and accept electronic payments, but have no need to visit a bank branch, a non-bank such as Zeller is a very compelling choice. With Zeller: Whether you’re paid by card or funds transfer, access to your funds is generally quicker than traditional banks, which often use legacy technology and complex internal processes. You can create multiple accounts and debit cards at the click of a button. Fund transfers are made in real-time. A powerful web portal and leading edge mobile app allow you to send and receive funds transfers, and work with your transaction accounts, debit cards, and real-time card sales. Contacts can be assigned to transactions, and you can add notes and images to transactions, to simplify reconciliation. Everything is consolidated in one, easy-to-use platform: from your EFTPOS payments to transfers, settlements and expenses. You can even write, send and track invoices in your Zeller account. Your Transaction Account can be synced with Xero’s Bank Feeds Integration, for seamless bookkeeping reconciliation A fee-free small business account with no paperwork, no need to visit a branch, and the ability to open sub-accounts and issue debit cards with a click: Zeller is the smarter non-bank alternative to your traditional business bank. How do you open a business bank account? With the major banks, opening a business bank account will depend largely on what kind of business you are running and whether or not you are already a business customer. Depending on what camp you sit in will determine whether you can open an account online or whether you’ll need to go into a branch. As Zeller is an entirely online financial services provider, all customers — no matter the business structure — can open an account online in a matter of minutes. Whichever institution you choose, opening an account will require you to provide: A business name A primary business address An Australian Business Number (if applicable) An industry type Certified identification documents (such as passport or driver’s licence) for all owners or partners Additional documents may be required if your business operates under a particular structure such as a trust, cooperative or association To see specific requirements of each bank, check the comparison table and scroll down to “How to Apply” or visit the bank’s website. Or, if you're looking for a smarter, faster non-bank alternative, follow the prompts to sign up to Zeller for free here . Five things to consider when finding the best business bank account for your small business. 1. Fees, Transaction Limits & Staff-Assisted Transactions Depending on the option you choose, you could be spending as little as $0 or as much as $264 a year on business bank account fees. Beyond the account fee, be sure you understand all the fees associated with using your account – some of which can be hidden in the fine print. Certain accounts from ANZ and Bendigo Bank, for example, only offer a limited number of free electronic transactions per month, while staff-assisted transactions are capped at 20 to 30 per month for nearly all the major banks’ no fee business bank accounts. If you’re not careful, seemingly inexpensive plans can actually end up costing you more to use. To help you decide what you need, let’s break down some terminology: Electronic transactions are any type of transaction that is conducted with your computer, smartphone or other digital device. This could include transferring money between accounts, paying bills, shopping online, or using a debit card or mobile payment app, such as Apple Pay. Staff-assisted transactions are those that require you to go into a bank branch and speak with a teller; to deposit cash or collect change, for example. If you’re going to be making several electronic transactions each day, it’s worth doing the maths: two transactions per day at $0.40 per transaction (as is the case with Bendigo Bank’s no fee business bank account) will end up costing you $24 a month. Staff-assisted transactions can be as much as $3 each, when not included in your plan. If you need to collect change once a week, at a rate of $3 per transaction you’ll be paying $12 a month — more than the monthly fee for most accounts that offer this service for free. 2. Debit Cards All the best business accounts will include a debit card as part of their offer. This is the bare minimum requirement when opening a business account, and all of the options we compare in the table above do indeed provide one. Each will have slightly different features associated with it. While all banks will have maximum daily transaction and cash withdrawal limits for security purposes, most will allow you to increase these limits if you need to. If you’re likely to be withdrawing cash frequently from ATMs or making significant purchases, it’s important to note how much you can increase these limits by. Similarly, if you’re planning on using your business account to manage staff expenses, check the requirements for ordering additional debit cards. The big four banks — Westpac, Commbank, NAB and ANZ — all require that each additional cardholder is an account signatory. This is a potential deal breaker for any small business owner who just wants to give their staff members a card to purchase everyday items, without also giving them the authority to access and manage the whole bank account. Flexibility provided by Zeller Debit Card This is where Zeller has a much more flexible alternative to the traditional business banks. Within your Zeller Account, you can create as many Debit Cards as you like — one for each staff member, for example, which can each draw from a different Zeller Transaction Account. With Zeller’s no fee small business account, Debit Cards are free to create and can be virtual and instant, with the option of plastic cards. 3. Mobile Business Banking Apps How you use and interact with your business bank account will either be a seamless experience or an endless source of frustration. Rather than finding out the hard way, do a little research upfront to make sure the banking app and online platform are going to work for you. A great place to start is by looking at the reviews on the Apple App Store, at the time of writing*, the Zeller App on the App Store was rated the highest with 4.8 stars, while the CommBank Small Business app was the lowest with 2.1 stars. Most banks use the same app for both business and personal banking. Zeller, on the other hand, is a financial services provider solely for business, therefore the app is entirely tailored to what small business owners need. From the Zeller App you can create and manage accounts, issue new cards, build and review payment reports and transaction insights, and manage expenses — all with real-time business data. *Customer ratings on the Apple App Store as of 17 May 2023. 4. Reporting & Analytics Tools One of the most important ways of measuring the financial health of your business is to track your cash flow. When considering what business bank account to choose for your operation, you need to look into what tools and reporting the bank will offer you, because ultimately, these will inform important business decisions, such as: Committing to capital purchases such as a new coffee machine or vehicle When and at what level to roster staff on, and when to take a break If recent marketing has brought in more sales For owner-operators who are short on time, being able to gain these financial insights at a glance is essential. In this domain, the Zeller Business Transaction Account is second to none. From the dashboard on desktop or from the Zeller App , business owners can: Visualise their cash flow with real-time reports in a user-friendly interface Break down incoming and outgoing transfers Categorise and filter transactions by type, contact, date, amount and spend category Assign contacts and attach receipts or notes to transactions to know exactly where the money’s going and why. Your browser does not support the video tag. 5. Customer Support & Service A final and very important consideration when choosing a business bank account is the customer experience. Whether this is over the phone, on a mobile app, or in person at a physical branch, it’s important to choose a provider that is suited to your needs. If you’re leaning towards a bank and need the option of speaking to someone face-to-face, then make sure to look up where your closest branches are before signing up. If you prefer to manage all your finances online, make sure you like the user experience provided on the website or mobile app of your chosen provider. For day-to-day support, have a look at how robust their customer service platforms are including contact channels, customer assistance directories, and support articles — some will be much more comprehensive and easier to navigate than others. Where Zeller offers a considerable advantage over traditional business banking counterparts is its phone, SMS or email customer support (available 9AM to 1AM AET, 7 days a week) as well as 24 / 7 debit cardholder support. So, what’s the best business bank account? There’s no one-size-fits-all solution: every business is structured differently and every owner will prioritise different features. However, if you’re embracing the inevitable shift towards cashless transactions, Zeller’s financial ecosystem is very hard to beat on cost and functionality. Zeller is a non-bank alternative that has been designed for businesses, therefore every feature is tailored to the needs of business owners. To come to a final decision, weigh up all the considerations outlined in this article, consult the comparison table above, do your own research, contact the banks if you require even more detail, and sign up for your free Zeller Account today to give it a try.

For many Australian businesses, invoicing is still a time-consuming, manual task – even in 2025. Whether it’s creating Word or Excel templates, chasing late payments, or staying on top of GST and BAS obligations, invoicing can quickly turn into a mess of paperwork and frustration. But the right invoicing software doesn’t just make it easier to send professional invoices. It helps you get paid faster, improves your cash flow, reduces errors, and saves you hours each week. It also gives your customers more convenient ways to pay and makes your business look more polished and trustworthy. This guide compares some of the top invoicing software options for Australian small businesses, freelancers, sole traders and tradies, with a close look at how Zeller stacks up as an all-in-one solution. Use the table below to see how Zeller Invoices stacks up against other popular invoicing tools. Why your Australian business needs invoicing software. Whether you’re a plumber, graphic designer, or running a café, invoicing is at the heart of your business operations. Invoicing isn’t just a box to tick, it's one of the most important touchpoints between you and your customers. Here’s why switching to proper invoicing software is a smart move: Get paid faster : Offer an instant, secure payment option and reduce the back-and-forth Easier for your customers: Save your customers from having to manually transfer funds Look more professional : Send polished, branded invoices in a few clicks Save time : Automate invoice payment reminders, recurring invoices, and more Stay compliant : Automatically handle GST to help you prepare for BAS Track everything : See who’s paid, who hasn’t, and what’s overdue Work on the go : Create and send invoices from your phone or tablet By choosing the right invoicing tool, you'll be giving your cash flow a boost and freeing yourself to focus on growing your business. How to choose the best invoicing software for your Australian business. Not all invoicing tools are made the same. Some are built into broader accounting platforms while others are standalone tools. If you’re shopping around, here are the key features and criteria to consider: Ease of use and interface A clean, intuitive interface on your invoice app is essential, especially if you’re not naturally a numbers person. Look for software that’s genuinely easy to use, whether you’re sending invoices from your desktop, or directly from your smartphone when you’re on the go.  Invoicing features Naturally, you want flexibility and control. Does the software let you invoice on the go? Can you add your logo and colours to your invoices? Apply discounts or GST line items? Track invoice status? Set up recurring or scheduled invoices? Zeller Invoices does all that and more.  Payment acceptance and speed Getting paid quickly matters. Does the software support secure credit card payments? Can customers pay instantly via a secure link? Just as importantly, how quickly do those funds land in your account – within a few business days, or by the next day? With Zeller Invoices, funds settle nightly into your Zeller Business Transaction account. So when your customers pay, you’ll have your funds by the next morning.   Integration and ecosystem Good invoicing software should integrate with your other tools, especially accounting software like Xero. But beyond that, some solutions (like Zeller Invoices) are part of a bigger ecosystem of financial tools that include EFTPOS terminals, transaction accounts, debit cards, reporting, and more. This integrated ecosystem approach can save you time and reduce complexity. Pricing model and value Many platforms advertise a free plan, but keep their features locked behind a paywall. Consider how pricing scales as your business grows, and make sure you’re not paying monthly fees for features you don’t need. Zeller Invoices has no monthly fees, and it’s free to create and send an unlimited number of invoices at no cost to your business. AU tax compliance Running a business in Australia with an annual turnover above $75,000 means GST obligations and BAS reporting. Your invoicing software should make that easier, not harder. Choose a tool (like Zeller) that lets you toggle GST and export records for BAS. Support and local relevance Does the provider offer local support in Australian time zones? Are help documents written with Australian businesses in mind? Are fees listed in AUD? Local understanding can make a big difference. Zeller’s support team is here to support you 24/7 via phone, email, or SMS. Top invoicing software options in Australia (and how Zeller Invoices compares). There’s no shortage of invoicing software out there, but not all are created equal. Here’s a breakdown of some of the top platforms used by Australian businesses. Zeller Invoices Zeller Invoices is built specifically for Australian small businesses. You can create and send unlimited invoices for free, and accept online payments via Zeller’s secure payment gateway. Funds settle nightly into a free Zeller Transaction Account. It also lets you: – Customise invoices with your logo, colours and branding – Send invoices via email or SMS – Track payment status in real time – Automate reminders for late payments – Create and send invoices from your phone – Accept payments online with just a tap from your customer All this without paying any monthly subscription fees, or locking key features behind a paywall. Square Invoices Square’s invoicing tools are tightly integrated with its POS ecosystem. It offers a decent free tier, though many features require paid upgrades. Payments take 1 to 2 business days to settle, and the interface leans retail-first. Xero Invoicing Xero is first and foremost accounting software, but it includes invoicing features as part of its paid plans. It’s strong on reporting and BAS prep, but you’ll need to pay $32+ per month. That’s not ideal if invoicing is all you need, or if you’re just looking to get started with your first online invoicing tool or mobile invoicing app. Invoice2go Invoice2go focuses on mobile-friendly invoicing, particularly for tradies and on-the-go professionals. It offers solid features but quickly gets expensive, with plans starting at $12.99/month and limits on clients and invoices. MYOB and QuickBooks These are traditional accounting platforms with invoicing bolted on. MYOB has decent features, but its UI can feel clunky. QuickBooks is more modern, but comes with monthly fees and isn’t built for mobile-first use. Why Zeller Invoices really stands out. Zeller Invoices is built for the way modern Australian businesses actually work. Mobile-first, tax-compliant, and designed to help you get paid fast. Here’s what sets it apart. It’s free to create and send invoices There are no monthly fees, no invoice send limits, and no hidden costs. You only pay a small fee of 1.7% +25¢ for domestic cards (separate pricing for international cards) when a customer pays using their card. That’s it. No surprises.  It’s made for mobile With Zeller App, you can create, send and manage invoices on the go, in under 30 seconds. Send invoices by email or SMS, track them in real time, and manage everything from your phone. You don’t need to be in the office to run your business. Fast payments = better cash flow Payments made online via Zeller Invoices are processed fast, with funds settling nightly into your Zeller Transaction Account. That’s money you can use sooner, whether you’re paying suppliers or investing back into the business. Built for Australian businesses  From GST toggling to BAS-friendly reporting and local support, Zeller Invoices is designed for Aussie businesses from the ground up. You won’t waste time trying to adapt US-centric software to suit local needs. Easy for your customers Your customers can pay securely online via card or mobile wallet, straight from the invoice. No app or login required. In fact, over 75% of Zeller Invoices are paid in under 24 hours. Integrated with the full Zeller ecosystem Zeller Invoices connects to your Zeller Transaction Account , which can easily also be connected to your Zeller EFTPOS terminal and Zeller Debit Card . Having everything in one place means less admin, fewer systems to juggle, lower costs, and better visibility of your cash flow. Choosing the right software for your business type. Still unsure which software is right for you? Here’s a quick guide to help guide your decision. Tradies : Zeller Invoices makes it super simple to create and send an invoice while still on-site. With no monthly fees and fast payments, it’s a natural fit for businesses on the move. Freelancers : Zeller helps you send professional invoices, manage your cash flow, and stay on top of tax – all from your phone, and all without paying a subscription. You’ll save time and look more professional than with an outdated PDF invoice.  Retailers : Zeller’s integrated ecosystem means you can take payments in person and send invoices when needed, all from the same platform. Everything’s connected. Service providers : If your business relies on recurring invoices, payment tracking, and brand consistency, Zeller gives you the tools to manage it all with ease. It’s simple, efficient, and professional. Growing businesses : Whether you're scaling up or streamlining, Zeller’s free invoicing software works alongside your EFTPOS, accounts, and more, with no extra logins or tools needed. For most Australian small businesses, Zeller Invoices delivers what others promise – a convenient, modern and flexible way to send invoices and get paid faster.  Ready to level up your invoicing? It’s easy to start doing all your invoicing with Zeller.   1. Download Zeller App Get the free Zeller App from the App Store or Google Play . Sign in with your Zeller Account, or create one online in minutes. 2. Set up your invoice template Head to Invoices in the main menu of Zeller App, then tap Settings. From there you can upload your business logo, add details for your receipts, customise colours, and more. 3. Create and send your first invoice Once you’re ready, click the ‘+ Invoice’ button and follow the steps to create and send your first invoice. You'll receive an email and push notification as soon as the invoice is paid. If you're ready to take the hassle out of invoicing and start getting paid faster, it's time to try the best free mobile invoicing app in Australia.

Card processing fees are costs paid by merchants on credit and debit card sales. In most instances, card processing fees cover things like interchange fees, scheme or network fees, chargebacks and other charges related to accepting credit and debit card payments quickly and securely. Most people who don’t run their own business rarely think about credit card processing fees. When it comes time to pay for things, they just tap, insert, or swipe their card and assume the money will leave their bank account and go straight into the merchant's – but it’s definitely not that simple. In reality, when a cardholder uses their debit or credit card to make a payment, a huge number of microtransactions and computations take place between varying financial institutions. This complicated cascade of transactions includes processes for authorising, clearing, and settlement between the financial institution processing the card transaction on behalf of the merchant and the financial institution that provided the card to the cardholder, across card payment networks. Below we’ll cover the basics of card processing fees to help you understand a bit more about what goes on behind the scenes. What are credit and debit card processing fees? Whenever a customer makes a card payment, a series of financial institutions work to instantly and securely process the transaction. This process incurs fees to the various parties, including: • Interchange fees: These are typically set by the operators of card payment networks or card schemes, such as EFTPOS, American Express, JCB, Visa or Mastercard. They can vary based on factors like the type of card, and whether it’s an online or in-person transaction. The variable nature of these fees makes for a lack of predictability, and merchants who opt for ‘cost plus’ pricing are subject to card processing fees that vary month by month based upon the types of cards that come across the counter. At Zeller, interchange fees are included in the low, flat rates we offer as part of our service. • Scheme or network fees: Also charged by the card networks, scheme fees are added on top of interchange fees and cover the cost of maintaining card payment infrastructure operations. At Zeller, we also include scheme fees in our flat-rate transaction fees. • Chargeback fees: In rare events where a customer disputes a transaction on their card, chargeback fees are sometimes imposed on merchants to cover the costs associated with managing the chargeback process. Zeller does not impose any additional fees to manage the chargeback process, regardless of the outcome for merchants. • Additional or hidden fees: Some payment providers charge a flat fee per transaction in addition to percentage-based fees, as well as monthly fees, contract termination fees, terminal rental fees, and account setup fees. Zeller does not charge any of these additional fees. Instead, we make it simple for merchants to sign up for and access our services at any time, without the need to be handcuffed into long-term contracts or worry about punitive exit fees. • Merchant services fees: A fee charged by the payment provider for processing each card transaction in the form of a fixed amount, percentage-based fee, or a combination of both. In Zeller’s case, that fee is a flat 1.4% for card-present transactions across all supported card networks, including American Express, and it covers all the costs mentioned above. This means we take care of everything from interchange fees to chargeback resolution for our merchants, and it’s all covered by our industry-leading fees. How are card fees calculated? Card processing fees are typically calculated as a percentage of the transaction amount, and some providers may charge you an additional fixed fee per transaction. The final cost can depend on several factors, including: • The type of card used: For example, cards which grant cardholders additional benefits like points or rewards may have a higher interchange fee, which is then passed on to the merchant at the point of purchase. • Card origin: Whether the transaction is being processed with a domestically or internationally issued card. • The payment method: In-person transactions using card tap or chip generally have lower fees than manual card entry or online payments. With Zeller, you never have to worry about complicated fee structures, because we've kept it simple, predictable and affordable. Learn more about Zeller’s industry-leading card processing fees here . Payment processing pricing models Understanding your payment provider’s pricing structure can help you estimate and manage costs. In Australia, the various pricing models include: • Flat-rate pricing: A single fixed percentage fee applies to relevant transaction types, making your card processing costs predictable. This is the pricing model Zeller uses, and it's very popular in Australia for the simplicity, affordability, and ease of understanding it offers both merchants and customers. • Cost plus pricing: The interchange fee is passed through, with an additional margin from the payment provider charged on top. This results in unpredictable card processing fees for merchants. • Tiered pricing: Transactions are grouped into categories, each with different fees. This model can be complex and less transparent. How to minimise your credit and debit card processing fees. While card processing fees are a necessary cost of doing business, there are ways to reduce their impact: • Choose the right payment provider for your business: Thoroughly compare payment providers, focusing on fees, pricing structures, and value-added services. At Zeller, we’re known for our transparent, flat-rate pricing of 1.4% per card-present transaction, including for American Express. • Negotiate your merchant fees: Depending on transaction volume, some providers may offer better rates. At Zeller, merchants who process over $250K annually in card payments can speak with our team about the potential for a custom rate. • Consider if surcharging is right for your business: In Australia, merchants can choose to legally pass on the cost of card processing to customers, provided the surcharge reflects the actual processing cost. To surcharge, merchants must clearly display the surcharge amount at the point of sale. Learn more about surcharging here . • Proactively reduce chargebacks to minimise fees: Chargebacks can result in additional fees and lost revenue. Implementing fraud prevention measures, such as verifying customer identity and using secure payment technologies, helps to avoid these fees. Learn more about chargebacks and how to prevent them here . See how Zeller compares. While credit and card processing fees are an inevitable part of accepting payments, understanding how they work can help you make more informed decisions and manage your costs effectively. By choosing the right provider and negotiating your fees based on your card processing volume, you can help ensure your business is operating efficiently while providing your customers with convenient payment options.

Growing a business isn’t just about making more money, it’s also about making your hard-earned work hard for you – and a great way to do that is with the best business savings account in Australia. The elements of what makes an ideal business savings account are rather simple. It should: Help your funds grow with a strong interest rate Be easy to open with no lengthy application processes or forms Have zero fees eating up your savings account balances Have no minimum balance requirement to earn the best interest rate Allow for easy access to your funds when you need it Seems pretty straightforward, doesn’t it? Well, you might be surprised to learn that such accounts are actually quite rare in Australia. That’s why we created Zeller Savings Account – to offer Australian businesses flexibility, transparency and competitive interest rates on savings balances that the big-4 simply can’t (or don’t want to) match. How Zeller Savings Account stacks up against the big-4. Customers are eligible to earn up to 2% p.a. standard variable rate on funds saved in an active Zeller Savings Account until 31 May 2025 (AET). Terms apply. Interest rates accurate as at 31 March 2025. It pays to switch away from the big-4 business savings accounts. As you can see from the table above, the big-4 banks’ business savings rates are disappointingly low, and you should note that the figures in the table are their maximum savings rates. For example, to qualify for 1.15% p.a. from Commonwealth Bank, a business must deposit a whopping $1 million dollars into the account. Needless to say, most Aussie businesses do not have that kind of cash just sitting around. For balances under $50k, with Commonwealth Bank, you’d earn a tiny interest rate of just 0.25% p.a. Contrast that with Zeller’s 2% p.a. and it’s clear Zeller is the vastly better option. How much extra could you be earning? Use the tool below to see how much extra cash your business could save every year with a Zeller Savings Account. Why should you have a business savings account? Whether you’re just starting out or have already amassed a large savings balance, a business savings account is an excellent financial tool. Here’s why: 1. Clear separation of funds Mixing your savings with your operating account can make financial management messy. A dedicated savings account keeps your reserve cash separate, ensuring that funds meant for growth, emergencies, or future expenses remain untouched until needed. 2. Earn more on your business savings In business, every dollar counts. With a 2% p.a interest rate, Zeller Savings Account makes your money hard for your business instead of sitting idly in an account that pays next to nothing. 3. Financial stability and preparedness Unexpected expenses are part of running a business. Whether it’s replacing essential equipment, handling a cash flow shortfall, or taking advantage of an unexpected growth opportunity, having funds readily available ensures your business remains financially resilient. 4. Building a habit of saving Even depositing a small amount regularly can help create a healthy financial habit for your business. With a Zeller Savings Account, there’s no minimum balance required to earn maximum interest, so you’ll watch your business savings grow with daily interest calculations, paid monthly to your Zeller Savings Account, while earning our highest interest-rate from the first dollar you deposit. Why open a Zeller Business Savings Account? In addition to offering a much higher interest rate than the big-4, a Zeller Savings Account provides instant access to your funds, ensuring your money is both secure and easily available when needed. But there’s another big benefit that isn’t immediately obvious – having a Zeller Savings Account means you’ll also have access to a Zeller Business Transaction Account. With both accounts working together, you’ll get: High-interest savings · Earn 2% p.a. on your business savings. No monthly account fees · Or any other fees, for that matter. Unlimited free debit cards · Issue as many physical or virtual debit cards as you like. Xero integration · Automatically reconcile settlements with your accounting system. Clear statements · Easily see all deposits and withdrawals, plus when interest is paid into your account. Real-time visibility · Track all transactions, expenses, and income with live cash flow reporting. Instant access · Withdraw your funds anytime with no penalties or hassles. Excellent security · All funds are held with a fully licensed, APRA-regulated Australian bank, and two-factor authentication is enabled on all Zeller Accounts. These features go beyond just savings, they make managing your business finances easier and more efficient. Stop letting the big-4 banks hold you back. The days of being forced to use an outdated business bank are over. Thankfully, Australian businesses no longer need to settle for subpar savings accounts with low interest rates and strict conditions. If you’re currently banking with one of the big-4, ask yourself: Are you earning the best return on your business savings? Does your bank offer instant access to your funds with no restrictions? Are you happy with the limited reporting functions of your current business account? If the answer to any of these is "no", then it’s time to make the switch to Zeller.

Business spending and tracking should be simple, yet many traditional banks’ business debit cards lack important features while also having unnecessary fees and restrictions. In this article we compare the best business debit cards in Australia for 2025, including those issued by the big-4 banks, and the Zeller Debit Card – our smarter, modern alternative that’s designed to help you better manage your business spending. Compare Zeller Debit Card to the big-4 banks. Say goodbye to monthly debit card fees. Traditional banks may charge account fees of up to $10 per month, just for the benefit of managing your own money the way you want. With Zeller, there are no hidden fees attached to our transaction accounts or business debit cards – just seamless spending online and in-store with a fully featured, cost-free business debit card. Effortless money management via Zeller Dashboard and Zeller App. Unlike traditional banking apps which can be clunky and outdated, Zeller’s intuitive dashboard and app give you full control over your spending. View and manage cards, check balances, track purchases, lock cards and manage security, and set spending limits across multiple Zeller accounts in real-time with ease from either Zeller Dashboard or Zeller App . Powerful reporting and analytics. Unlike traditional banks that provide only basic transaction summaries, Zeller lets you delve deep into your business debit card spending for useful insights into your cash flow. Get an overview across all your cards and filter or export transactions by date, amount, category, vendor, transaction status, and more, giving you a clear financial picture to plan ahead for your business. Advanced security and fraud protection. With scams on the rise, you can put your mind at ease knowing that Zeller Debit Card transactions are processed with multiple layers of secure encryption and authorisation, including multi-factor authentication. Instantly lock or report lost or stolen cards via the Zeller Dashboard or Zeller App, ensuring your funds remain secure. Transaction tracking and reconciliation made easy. Business expenses vary, from buying the essentials like office supplies to recurring payments to suppliers and more. With Zeller, you can attach customer, supplier or vendor profiles to transactions, build a contact directory , attach receipts, and streamline your bookkeeping with direct integration to Xero Bank Feeds, eliminating the need to manually import transaction details. Instantly issue unlimited business debit cards. Many traditional banks limit the number of business debit cards you can have per account or have restrictive requirements when you’re ordering additional cards. With Zeller, you can issue unlimited physical and virtual business debit cards instantly from the Zeller Dashboard or Zeller App. This is perfect for businesses looking to streamline expense management, empower employees with controlled spending, and ensure fast access to funds without needing reimbursements or petty cash. Virtual business debit cards for modern businesses. Once you’ve ordered a new virtual card, you can add it to your Apple or Google Wallet and start spending online or in-store immediately. Using virtual cards adds another level of financial protection because the technology disguises sensitive card data and ensures that your actual card information cannot be used or stored by the payment processor. Managing a large team? Try Zeller Corporate Cards. For businesses with multiple employees, Zeller Corporate Cards provide a streamlined way to manage spending. Issue individual or project-based cards, set custom spending limits, and automate budgets. No manual staff reimbursements, just real-time cash flow tracking. Try it free for 60 days, then it’s just $9 per active card per month thereafter. No more tedious bank visits. Issuing Zeller Debit Cards and opening a Zeller Transaction Account is free, fast and can be completed online in minutes – no need to wait in line at a bank or fill out lengthy paperwork. Plus, Zeller’s 24/7 support team is always available if you ever need some extra help. Say goodbye to your outdated business bank debit card and hello to cost savings and powerful features the big-4 banks simply can’t match. Switch to Zeller Debit Card today. It’s completely free to open a new account and start using Zeller Debit Card. Say goodbye to your outdated business bank debit card and hello to cost savings and powerful features the big-4 banks simply can’t match.

For well over 100 years, Australian businesses had no option but to do things the ‘bank way’ – slow, complicated, 9 to 5, siloed, restrictive and riddled with fees. Fast forward to 2024, and despite incredible advancements in technology, the banks’ business offerings haven’t changed all that much. They’re still slow, overly complicated, 9 to 5 (at best), siloed, restrictive and riddled with fees. That’s why we’ve built the Zeller Transaction Account – the smarter, faster, fee-free way to manage all of your business finances, directly from your smartphone or computer. Who is a Zeller Transaction Account for? Whether you’re a sole-trader or a large, multi-location business, a Zeller Transaction Account has all the features you could ask for to manage your business finances. Issue unlimited physical and virtual business debit cards instantly, enjoy real-time transaction reporting, create multiple free transaction accounts for different projects or business locations, seamless Xero integration, zero fees, a better savings interest rate than with what’s on offer from the big 4, plus so much more. Why switch to Zeller Transaction Account? Let’s face it, running a business is tricky enough already without having to battle your bank’s outdated processes. With a Zeller Transaction Account, you get: Easy setup · Open your Zeller Account in minutes (no branch visits, no paperwork). Organise your money · Open unlimited transaction accounts and attach multiple virtual or physical cards to each of them. Free, unlimited debit cards · Access your funds anytime with no extra cardholder fees. Grow your savings faster · Enjoy a better interest rate than you’d get with a big-4 bank with our high interest business savings account. Zero fees ·  No account maintenance fees or monthly fees. No minimum balance requirements ·  Deposit as much or as little as you like. Integrate with Xero · Automatically reconcile your settlements and transactions. Control your finances on the go ·  Keep tabs on your finances with the Zeller App. Understand your spending · Attach contacts to each transaction, build your customer and supplier list and see who you’re spending with regularly. Track your expenses ·  Set spending budgets for team members, pay bills fast with BPAY, attach receipts and add notes for fast reconciliation. Fast access to your money · Nightly settlements so your cash keeps flowing. Dedicated mobile app · Easily manage your finances on the go. 7-day support · Get help when you need it from our friendly team. We urgently needed a business bank account, but Commbank made the process so difficult. With Zeller, everything was incredibly easy — we had our account and EFTPOS machine set up right away. Monica Bugno, The Last Supper, Darwin Ready to make the switch? Opening a free Zeller Transaction Account takes less time than grabbing a coffee. Say goodbye to hidden fees, low interest rates, and restrictive branch opening hours. Say hello to a seamless, secure, feature-rich experience designed for modern businesses. It’s time to get more with a Zeller Transaction Account.

Issuing payment cards to employees for business-related spending is a great way of simplifying expense management in the workplace. What’s less simple, however, is understanding the different card types available to businesses. From corporate credit cards to business debit cards, prepaid cards, and expense cards, there’s a bit to get your head around. Below we explain the difference between the most common card types and provide a list of pros and cons for each. Business Credit Cards Business credit cards  are designed for businesses to cover work-related expenses with funds borrowed from an issuing bank. They often provide rewards such as cash rebates or a points program and are available to businesses of all sizes, typically without any minimum annual revenue or spending threshold requirements. They do, however, require a credit check and often a personal guarantee, meaning the business owner is liable for all debt. Because of the risk of misuse, business credit cards are usually only held by business owners, or authorised personnel, not employees. Corporate Debit Cards & Business Debit Cards A  corporate debit card , or  business debit card  is linked to a business’s transaction account. When a transaction is made, funds are deducted from the available balance of the company’s bank account. When a business owner  opens a business bank account , they will receive a business debit card. Unlike credit cards, they are not linked to a line of credit, and spending is limited to what is available within the account. Most debit card issuers don’t offer the ability to easily modify spend limits on individual cards, meaning that whoever has access to the debit card, can access all the funds on it. Prepaid Cards & Expense Cards A  corporate prepaid card, otherwise known as a business expense card, or employee expense card is a payment card that has been preloaded with funds, allowing businesses to control employee spending. These cards are typically very easy to get, with no paperwork or application process required. Prepaid cards are managed by the finance team or CFO, topped up as necessary, and assigned to employees to give them access to company funds. Zeller Corporate Cards Similar to prepaid cards,  Zeller Corporate Cards  are designed for businesses as a convenient way to track and regulate spending while providing employees with a secure and flexible payment method. These cards are linked to your  Zeller Transaction Accounts , and are managed by the finance team or CFO who can set maximum spend limits per transaction and per day, week, fortnight, month, or quarter. Additional cards are very easy to issue (virtual cards can be issued instantly from Zeller Dashboard, or Zeller App), and can be assigned to employees as necessary. Zeller Corporate Cards: Do not require a credit check to qualify Can be set up in minutes Allow you to set spend limits and recurring budgets, reducing admin time Provide a layer of security if cards are lost or stolen Are accepted anywhere Mastercard is accepted Do not need to be topped up with funds – cards draw funds directly from the transaction account, but only within the card's pre-defined limits. Learn more about the benefits of Zeller Corporate Cards here What card types are best for managing team spending? Although it’s common practice for businesses to share one business credit or debit card, and to pass it around to employees as they need it, this is not recommended. Not only do you run a greater risk of losing the card, but also, company money could be used irresponsibly. When choosing a card type for managing work-related expenses for your team, it’s important to choose one that has been designed for that purpose. Corporate credit cards are a good option, however, given their strict eligibility requirements, they remain largely inaccessible to many businesses.  The best option for managing team spending is either prepaid or expense cards, or even better: Zeller Corporate Cards .  These options give your employees the flexibility to pay for work-related expenses without the risk. You remain entirely in control of how much your employees have access to. With Zeller Corporate Cards, you will benefit from robust expense management features, which allow employees to easily upload receipts against their transactions, and employers to control spending limits and reconcile expenses from their desktop or Zeller's mobile app. Additional cards are easy to order, and Zeller supports virtual cards, which employees can add to their mobile wallets.

What is expense management? Expense management refers to any solution that helps your business track and reconcile business-related expenses. Traditionally, this might have been achieved through petty cash or per diems, but today’s technology affords businesses much more advanced and efficient ways of managing spending including corporate cards and expense management software. These new solutions are designed to simplify the process of paying for and managing business related expenses by reducing employee reimbursements, speeding up the approval process, digitising receipts, and ultimately giving your employees the freedom to pay for what they need, according to pre-approved limits and budgets. Who offers expense management? Once upon a time, traditional banks were the main institutions that businesses would turn to to help manage their expenses, primarily through corporate credit card schemes. These solutions, however, are designed for businesses to cover work-related expenses with funds borrowed from the issuing bank and therefore are only available to much larger companies with an established credit history and large annual revenues. To cater to businesses of all sizes wishing to manage their expenses with debit (not credit) a number of new web-based technology or software providers (Zeller, Airwallex, and Volopay to name but a few) have emerged in recent years. These platforms allow businesses to organise and control their spending without the reliance on a bank. While some banks such as Commbank and Westpac have attempted to offer their own equivalent expense management solutions, none of them have been able to compete with these newer tech platforms on pricing or functionality (and it is for this reason that we have not included them in the comparison above). Use the interactive table below to compare the functionality and pricing of seven of the most popular expense management tools for Australian businesses. Not sure what features you need? We explain them all below. Why is expense management important? There are five main reasons why we recommend incorporating an expense management system into your business: 1. It saves you time. Time spent chasing up receipts, reimbursing employees, and manually entering your business’s expenses into spreadsheets is time you can get back simply by adopting an expense management system. 2. It saves you money and keeps projects within budget. Being able to clearly see what your business is spending in realtime is a surefire way to identify cost-saving opportunities. With expense management tools, you can establish approval processes and set restrictions on spending to ensure that all your expenses remain within budget and align with company policy. What’s more, by eliminating the need to share the company card or give your employees cash, the risk of misuse or theft is greatly reduced. 3. It helps with tax compliance. Being able to keep accurate and detailed records of all expenses, including receipts, invoices, and any other relevant details or documents makes it much easier to substantiate deductions and comply with tax regulations. What’s more, most expense management tools integrate with accounting software such as Xero or MYOB, which simplifies the process of transferring financial data, and ensuring that the information needed for tax reporting is accurate and up-to-date. 4. It helps manage cash flow. Unlike traditional processes, which either rely on end-of-month reconciliation or monthly credit card repayments, expense management software allows businesses to track expenses in real-time. This means that as soon as an expense is incurred, it is recorded in the system, providing an up-to-date view of the company's financial situation, eliminating any surprises that could negatively impact your cash flow. What’s more, by creating and monitoring budgets, you can avoid overspending, instead, ensuring that there are always sufficient funds available. 5. It helps manage employee expectations. By establishing a clear and standardised process for managing and reporting expenses, employees are able to better understand the expectations and limits around business spending, leading to reduced instances of unauthorised expenses, and improved financial responsibility within a business or organisation. What services do expense management providers offer? Expense management platforms vary greatly in functionality with some providing the most basic features and others supporting an all-inclusive suite of expense management within their accounting or financial services offering. Below, we outline the most common features: Payment cards Corporate Cards, as they are most commonly known, (not to be confused with Corporate Credit Cards or Corporate Debit Cards) are cards that employees can use to pay for business-related expenses. They draw funds either from your external bank account, or in the case of Zeller, from your Zeller Transaction Account. Different providers will offer a combination of physical and/or virtual cards. Budgets & spending limits The beauty of the payment cards (above) is the ability to tailor each one with spending controls. Expense management providers allow you to set maximum transaction limits, budgets that reset automatically (for example, daily, weekly or monthly), and other controls that will ensure that employees can only use the cards for transactions that are in line with your business’s budget and policy. Automated expense categorisation By analysing receipts and extracting data, expenses can be automatically categorised by type. This saves you from having to examine each expense and then enter its category manually. Real-time expense tracking Rather than waiting until the end of the month to reconcile expense reports or pay off a corporate credit card (which can often reveal some unpleasant surprises), expense management software allows you to track business spending as it happens. A huge advantage when it comes to managing your business’s cash flow. Mobile receipt upload Gone are the days of pouring over paper receipts. Expense management mobile applications allow employees to capture photos of their receipts and upload them directly onto the platform where they are saved against the transaction itself. Integration with accounting software Most expense management software will integrate with one (if not more) types of accounting software, such as Xero or MYOB . Having data flow seamlessly to your company’s accounting system, not only speeds up the reconciliation process, but also reduces the risk of manual error. Expense analytics Rather than having to plug expense data into a spreadsheet to examine your business spending patterns, expense management software can pull analysis and reports at the click of a button. This data can offer important insights into opportunities for cost savings or improved budgeting. Try expense management for free with Zeller. If you’re not sure whether expense management is right for you, why not try it for free? For you first 60 days following card activation, you will enjoy full access to Zeller Corporate Cards, and it won’t cost you a cent. The best part is you can sign up online in a matter of minutes, open a free Zeller Transaction Account, create a virtual card, and start managing your business expenses today.

Zeller already helped you grow your business, now we’re helping you grow your account balance. Whether you’re an established business owner or are just about to launch your new venture, there’s never a bad time to reassess how your business finances are organised. By now you will most likely have  opened a business transaction account but have you considered a business savings account? With a better interest rate than the big-4 banks, a Zeller Savings Account can help you grow your business savings faster. You'll earn an amazing 2% p.a. interest rate with a Zeller Savings Account . Whether you’re looking to upgrade your coffee machine, give your shop a new fit out, or purchase a new delivery vehicle, a savings account will help get you there. Read on to discover five ways a business savings account can help bolster your business. 1. It can serve as an emergency fund If COVID-19 taught us anything, it’s that you never know what’s around the corner. If you want your business to be able to better survive unexpected events, it’s very important that your business has a cash reserve. By adding funds regularly to a savings account that earns interest, you are building a buffer that your business can use through unforeseen expenses, such as an important piece of equipment breaking down, a legal battle, a sudden increase in operational costs or an economic downturn, for example. 2. It can help manage poor cash flow According to The Invoice Market’s research , cash flow is the number one issue affecting small to medium businesses across Australia, with more than a third of them having to dip into their own personal savings to keep their business afloat. By moving funds into a savings account, you can contribute to building your businesses' resilience. Late payments, rising overheads, overstocked inventory or seasonal fluctuations are all common causes of poor cash flow; having some extra funds to see you through these leaner times will help give your business more stability. 3. It can help you avoid tax stress As a business owner, it is your responsibility to manage your tax obligations. If you do not have an organised approach to earmarking tax funds and declaring your turnover, you may end up with an unforecasted tax bill that could cripple your business. One great way of managing funds for not yet paid tax obligations is to put them into an interest-earning account before you need to pay the tax office. Not only will you have set aside cash to meet your tax obligations, but you will also have earned interest on it. 4. It can improve your position to borrow Even if you’re not currently planning on taking out a business loan, it might be something you choose to do in the future – so it’s important to consider your credit rating. When a lender is assessing whether or not to lend you money, they look at how much risk they are taking on. This ‘risk’ is what is known as your credit rating. In ascertaining your credit rating, they might assess your cash flow and your cash on hand. A savings account can therefore assist in providing this context to a lender. 5. It can help finance future investments Interest rates on savings accounts may not be very high, but they still offer a way to earn some passive income on idle funds. The extra cash that you earn from interest can be invested back into your business: whether you use it for purchasing new equipment, upgrading your technology, or helping to fund an advertising campaign, over time, these purchases can make a considerable difference to your business. While the day-to-day running of your business can be all consuming, making a contribution each week to a savings account can set you up for future expansion by earning you money in the background. How does a Zeller Savings Account compare to the big-4 banks? COMPARE BUSINESS SAVINGS ACCOUNTS *Interest rates current at 10 June 2025. Terms apply . Don’t let your business savings sit in a big-4 bank account. With Zeller’s competitive interest business savings account , not only will you earn a better return on your savings without a minimum balance requirement, but you will also benefit from a whole ecosystem of financial services and business products. From securely holding your money to accepting payments, managing expenses and tracking your cash flow, Zeller’s suite of financial tools lets you tailor your solution to your business needs. With everything consolidated into one reliable platform, you can accept, settle, spend, and track your funds faster, leaving you more time to run your business. Disclaimer: The information provided on this site is for general informational purposes only and should not be considered as advice that takes into account your business needs and objectives. If you are unsure, seek the advice of a qualified accountant or financial service advisor before deciding whether a savings account is right for your business.

The petty cash box is empty, you can’t find the business credit card, and you’re up to your knees in receipts. Thankfully there’s an easier way to manage team and project expenses. Meet Zeller Corporate Cards. If you’ve ever checked your bank balance at the end of the week, you know how quickly incidental expenses can add up. Now imagine a team of employees, each with their own needs: a round of coffees for clients, a flight for an upcoming conference, a grocery order for the office, a software subscription. The list goes on. If you’re not staying on top of these purchases, not only is it going to hurt your bottom line, but it’s also going to cause many a headache when it comes to your end-of-month finance reconciliation. Thankfully, there’s a simple way to track who’s spending what, and it doesn’t involve flashing corporate credit cards or leveraging sophisticated expense management software . Zeller Corporate Cards are designed to help businesses – and finance teams – stay in control of employee and project-related expenses, while also giving staff the freedom to make necessary purchases. Read on to discover how Zeller Corporate Cards will give you back money, time and peace of mind. Introducing corporate cards Not to be confused with corporate credit cards or corporate debit cards ( learn what these are here ), corporate cards are payment cards linked to a business’s transaction account, and are specifically designed for employees or teams to be able to pay for business expenses. A finance team or CFO can easily order multiple cards, assign them to employees, and individually adjust their spending limits. In addition, they typically have built-in expense management features like recurring budgets that reset periodically, set transaction limits, and tools to help cardholders track and manage their expenses. Zeller Corporate Cards can be created from Zeller Dashboard. Simply follow the prompts to create a new Corporate Card, assign the card to an employee, set the spend limits and choose your card colour. It’s as simple as that. Your card can then be added to your employee’s mobile wallet or a physical card can be ordered. What are the benefits of using Zeller Corporate Cards in your business? 1. Flexibility for staff With Zeller’s corporate card program, your staff are empowered to make purchases as they need them. Rather than having to ask your permission every time they need to process a payment, or paying with their own money and submitting an expense report for reimbursement, a corporate card will give them the freedom to pay for expenses, within the limits that you prescribe. 2. Reduced financial admin Without the burden of having to process employee reimbursements, administrative time is greatly reduced. With Zeller Corporate Cards, all your expenses are centralised into one dashboard, where finance teams can easily and efficiently track who has spent what. 3. Improved tracking Every corporate card is assigned to an individual employee, team, or project, meaning that it's easy to track and isolate expenditure into different areas of your business. Employees will know that their spend is being monitored, engendering a greater sense of responsibility and ownership over expense management — as everything will be traced back to them. What’s more, businesses can choose to make it mandatory for employees to provide certain information, such as the expense category (‘travel’ or ‘entertainment’, for example), the receipt, and a note (with additional information or reasons as to why the purchase was made). 4. Receipt reconciliation With Zeller Corporate Cards, employees can log in to their account on Zeller App or Zeller Dashboard, take a photo of multiple receipts, including tax invoices and transaction receipts, and upload them to a transaction processed with a Zeller Corporate Card. Not only does this do away with having to collect paper receipts, which can get lost or damaged, but it also saves a huge amount of time when it comes to reconciling receipts against their transactions. 5. Cash flow management Zeller Corporate Cards draw money directly from Zeller Transaction Account , which means that you can track your business cash flow in real time. Unlike a corporate credit card which draws on borrowed funds that you need to pay back later (with interest), corporate cards ensure you always know your business’s cash balance – with no hidden surprises at the end of the month. What’s more, you can see a visual representation of your cash flow from both Zeller Dashboard and Zeller App. 6. Budget control for projects Instead of assigning a card to an employee, Zeller Corporate Cards can also be assigned to individual projects. This allows all expenses for a specific project to be paid for on one card, ensuring that the budget is adhered to and that finance teams or managers can easily identify costs directly associated with that project. 7. Fraud protection By allocating corporate cards against individual employees, or by teams or projects, you are able to implement a greater level of fraud protection in your business. You’ll know exactly who is using each corporate card, what the card is being used for, and why — meaning any examples of expenses that fall outside of these guidelines can be identified immediately. 8. Mobile management With Zeller App, you can create and manage cards directly from your smartphone. If a team member needs to pay for a large expense above their usual transaction limit, you can quickly log in to the app and make the necessary changes within a few clicks. The same goes for issuing cards, if you’ve got a new employee or volunteer on the team, simply log in to Zeller App to add a new card, which – if you choose the virtual option – they can start using immediately. 9. Instant virtual card creation Zeller Corporate Cards can be created and added to a mobile wallet instantly. Your employees can start using their virtual card within minutes of you setting it up, meanwhile you can have a physical card sent out in the mail, if you wish. This convenient solution is not only fast to set up, but also ensures your employees will never lose their card. 10. Affordability In comparison to corporate credit card schemes which can cost upwards of $25 per card with establishment fees and late payment charges, or expense management software, which is likely to set you back hundreds of dollars a year, Zeller Corporate Cards are an affordable alternative. There are no monthly or annual subscription fees, and no transaction fees on domestic purchases either. The first 60 days are free, after which you will pay one low, flat cost of $9 per corporate card, per month. Whether you’re running a small business with just a few staff or a rapidly growing company: managing your expenses doesn’t have to be complicated, but it does have to be controlled. Reduce your administrative burden, empower your employees and know where your money is going, all with Zeller Corporate Cards.

Whether you’re scaling up and looking to streamline your payroll and inventory, or need a bit of support managing your business cash flow and tax compliance, Xero and MYOB are two names that have probably crossed your desk. Within the accounting software  landscape, these are the two biggest players in Australia. Both offer an all-encompassing suite of accounting features that are equally as suitable to sole traders as they are to midsize companies. Navigating the features and functionality of each is no small task though, and ultimately comes down to what’s right for your business. To assist you in your decision, we’ve summarised the key points of comparison. What is accounting software? Accounting software is used for managing financial transactions and records within an organisation. It allows businesses to automate accounting tasks and helps them keep track of their financial information efficiently and accurately. By streamlining processes in invoicing and billing, managing accounts payable and receivable, and generating financial reports, the software can provide valuable insights into the financial health of the business. Accounting software also provides a centralised platform for managing financial data, saving time and increasing accuracy, which will not only be a huge advantage at tax time, but can also make it easier to apply for loans and financing should you ever need it. Key Differences Between Xero and MYOB Usability Anyone can use either Xero or MYOB. Both cater to small business owners, sole traders, and freelancers as much as they do seasoned bookkeepers and accountants. However, if you are just starting out, Xero’s user-friendly interface is generally regarded as an easier point of entry for people with limited to no accounting experience. If you are a skilled bookkeeper or accountant, you may prefer MYOB for its more advanced features with regard to payroll and inventory tracking. Both Xero and MYOB offer a 30-day trial, so the best way to get a feel for the user experience is to try them out for yourself. Cloud vs. Desktop When MYOB launched in the early 1980s, it was a computer-based software designed for users to install and use locally. When Xero entered the scene in 2006, it had the advantage of building internet capability directly into the software and, as such, has always relied on cloud accounting (software that is accessible from an internet browser). To keep up with demand, MYOB has now transformed all its packages to cloud-based plans but still gives users the option to choose online or desktop versions for the MYOB AccountRight subscriptions. The beauty of having data stored in the cloud rather than on your desktop is that it allows you to access your account from wherever you have an internet connection. What’s more, it also offers enhanced security with access control, user authentication, data encryption, and network protection. Mobile Apps Managing your admin and bookkeeping on the go is now also made possible with Xero and MYOB’s mobile applications. Xero offers an all-in-one mobile business app that lets you view insights, manage invoices and quotes, track your cash flow, reconcile bank transactions, and upload photos of physical receipts. MYOB on the other hand has three separate applications: MYOB Capture for uploading receipts, MYOB Invoice for creating and sending online invoices and quotes and MYOB Team for creating rosters, approving timesheets, and tracking worksite locations. So, while Xero’s all-in-one app wins on convenience, MYOB does offer additional functionality for business owners who need to manage rostering on the go. Third-Party Integrations From point-of-sale systems to payment gateways, rostering and payroll, there are thousands of third-party providers that help small businesses from every industry streamline their processes. By integrating your accounting platform to other business apps and software you use on a day-to-day basis, you’re able to streamline bookkeeping and simplify reconciliation. How Xero and MYOB integrate with these applications is a vital consideration when choosing one over the other. Whether you use Shopify for your e-commerce, Deputy for your staff scheduling or Zeller for your invoicing payment gateway, you’ll need to choose an accounting software that will integrate with the programs your business uses. Xero’s App Store is by far the largest, boasting over a thousand third-party integrations — including the Zeller app. MYOB’s integration library is less robust, and currently only offers several hundred integrations. Bank Feeds The available bank feeds will be an important factor in informing your decision to choose Xero or MYOB. Rather than reconciling transactions manually, bank feeds offer a much easier and quicker solution. This process allows data to flow directly into your accounting software where it can be coded and matched off with sales, invoices, purchases and payroll entries, saving you hours of data entry and reducing human error. Bank feeds are available for bank accounts, loan accounts and credit cards, but the list of available connections will differ between accounting software. MYOB currently offers a longer list of supported bank connections than Xero, but Xero is more up to date with next-generation financial service providers including Zeller . For a full list of compatible bank feeds for Australian-based businesses, see Xero’s list here and MYOB’s here . Note that if you are planning on setting up more than two bank connections, the MYOB Lite package will not support this (it is limited to two), however every other plan from both Xero and MYOB offer unlimited connections. Accounting Features Most importantly, choosing between Xero and MYOB will come down to the features that each one offers and how best they suit your needs. For most small business purposes, both platforms offer everything you’ll need. For that reason, we won’t exhaustively cover the features of each, but we will mention what sets them apart. Inventory Management MYOB has a comprehensive inventory system integrated into the software that lets you manage orders and suppliers and run stocktake. Which subscription you choose will depend on how many items and locations your business has. Xero on the other hand, doesn’t offer inventory management, but its customisation capabilities with third-party apps ensure it stays competitive in this area. Reporting With Xero, multiple reports are able to be run at once, with fully customisable reports available to power users. Conversely, MYOB only lets you run one report at a time, with some limited customization available. Payroll Both MYOB and Xero allow you to process superannuation payments automatically, support Single Touch Payroll and offer advanced reporting. However, for large companies, MYOB has the advantage of supporting unlimited employees with its BusinessPro and AccountRight plans. The cost of Xero increases once your business grows to over 50 employees, and caps out at 200. Online & Phone Support Xero offers extensive online resources and benefits from a wide community of online users, so help is never far away, however they do not offer phone support. MYOB on the other hand do offer business-day phone support, which can be very helpful if you get stuck. Sign-Up and Implementation Integrating or replacing your existing processes is easy with Xero and MYOB’s cloud-based subscriptions, however, if you are planning on installing MYOB AccountRight to your local desktop, it is important to note that this is only available for Windows. Cost Both Xero and MYOB offer four tiers of monthly-based subscription pricing. The more you pay, the more functionality you get. When choosing a subscription, it is important to select one whose inclusions will not only serve your purposes today, but also as your business scales in the future. The cost differences between the two platforms are outlined in the table below. Xero vs. MYOB: Which is right for your business? What accounting software you choose is ultimately going to depend on the needs of your business, and your personal preference. Before making your decision, you need to weigh up who will be using the software (you or your accountant), where you will be using it (desktop or cloud), whether having a mobile app is going to be vital in your day-to-day accounting, and what integrations and bank connections you require (in particular — will it integrate with your Zeller Account !). Whichever you choose, both Xero and MYOB will be a huge asset to your business operations, saving you time and headaches at tax time.

Connecting Zeller online payments with Xero Invoices helps to get your invoices paid faster. No business owner enjoys waiting for invoices to be paid. On top of that, many online payment processors have slow settlement speeds, confusing pricing, and a lack of local support — making it harder to get your money when you need it. It’s not easy to see a consolidated view of your cash inflows when you’re using multiple, disparate providers for in-store and online business payments, too. This is why Zeller has partnered with Xero. We’re excited to announce our newest integration with Xero , enabling you to accept and settle Xero invoice payments in a click with Zeller. When using Xero Invoices, you can now select Zeller as your online payment processor. With Zeller's fast, secure online payment processing, combined with free settlement of your funds to your Zeller Transaction Account, you'll not only enjoy the lowest processing fees — you'll also be able to access your funds nightly, 365 days a year, with faster settlement. You’re likely to know Xero as one of the world’s leading small business accounting platforms. Our new integration makes it even easier to connect Xero to Zeller, whether for Bank Feeds or Xero invoice payment processing. There are multiple benefits to connecting Zeller and Xero. Save time chasing late payments by providing a quick and easy way to pay. When you add Zeller as a payment processor for your Xero invoices, your customers can pay with a click using the ‘Pay Now’ button. By removing any friction at the point of payment by not requiring customers to remember their bank account details, you’re increasing the likelihood of a faster invoice payment. One-click payment reconciliation in your Xero account. Integrating Zeller and Xero provides you with an accurate picture of your cash balance and assists in identifying any errors in the process. Zeller works with Xero bank feeds to automatically import transactions from your Zeller account directly into your Xero organisation. More affordable transaction pricing. Improving your business bottom-line is more important than ever. Xero invoice payments processed with Zeller are charged at a low, flat rate of 1.75% + $0.30 on domestic transactions, or 2.9% + $0.30 on international transactions, for all cards including American Express. There are no monthly subscription fees or lock-in contracts to use Zeller, either. Faster settlement of your funds. Other online payment processors can take up to three days to settle you your hard-earned money. With Zeller, there’s no waiting. Your funds are settled to your free Zeller Transaction Account nightly, 365 days a year. You can then spend your funds immediately with any linked Zeller Debit Card . Alternatively, you can also choose to settle funds to any 3rd-party business bank account, which will be available to you the following business day. A complete view of your business finances. Using the Zeller Dashboard or the new Zeller App, you can view all your in-person and Xero invoice payments, and more, in one convenient location.. Find out how to connect your Zeller Account to Xero in just a few clicks. What are Zeller online payments? When you select Zeller as your online payment processor for Xero invoices, your customer has the option to pay their invoices you send to them using Zeller’s secure online payment gateway. All online payments are processed quickly and securely online, with funds settled to your Zeller Transaction Account nightly, or next business day to any third-party bank account. Ready to get started with Zeller? Sign up free. How to connect Zeller with Xero. It’s simple to connect your Zeller and Xero Accounts. To get started with the integration, you’ll need an active Xero subscription and Zeller Account. To set up the connection between Zeller and Xero: Log in to your Zeller Account. Navigate to the Zeller Payment Service unlinked connection by clicking to expand Settings , and then clicking Connections. Click the plus button, review the disclaimer, and click the checkbox to agree. Click the Connect button and you’ll be taken to Xero’s authentication page to sign in to your Xero Account. Select your branding theme, and you’ll be prompted to enter the business details which will appear on your Xero Invoices. Click Save to complete the integration setup. If you need support connecting your Zeller and Xero Accounts, you can also speak with the Zeller Support team . Streamlining your invoice reconciliation. After your customer pays their Xero Invoice online with Zeller, Xero will automatically mark the invoice as paid and separate the invoice and fee amounts in a newly-created clearing account in Xero. From here, you can simply press Reconcile and Xero will take care of the rest. In your Zeller Account, you can view every transaction record for payments processed via the Xero Invoices integration. You’ll see both the total amount paid, as well as the transaction processing fee. There’s also a link included to the matched invoice within your Xero Account, to make reconciliation simple. Accept Xero Invoice payments more affordably with Zeller. Adding Zeller payment services to your Xero Invoices will boost your business cash flow, streamline your bookkeeping, and improve your bottom line. Your customers can pay you quickly and securely, through Zeller’s online payment gateway, and you’ll be able to reconcile transactions in a few simple steps with our seamless Xero Bank Feeds integration. Not already a Zeller customer? Get started today by signing up for your free Zeller Account, and learning more about our Xero integrations, here.

Smarter invoicing software designed for any business. Online invoicing is an essential part of running any type of business, but it can sometimes be a source of stress and frustration. If it’s time to upgrade from sending invoices manually, or if your business is looking to streamline how you track and manage late invoice payments, you’re not alone. What if there was a free, simple-to-use online invoicing software that streamlines invoicing and helps you get paid faster? Introducing Zeller Invoices . With Zeller Invoices, you can create and send professional online invoices in seconds from anywhere. From there, it’s simple to track and manage every invoice from one convenient online dashboard. Whether you're a restaurant owner issuing an invoice for an event deposit; a tradesperson sending invoices to collect payment for work completed; a wholesaler supplying goods to a chain of retail businesses on a recurring basis; or a freelance designer sending invoices to multiple clients  — Zeller Invoices lets you take control of your invoicing from start to finish. Powerful invoicing features Read on to discover how Zeller Invoices works — and what features are under the hood to help save you time, and reduce late payments. Create an online invoice in seconds With Zeller’s online invoicing software, you can create and send as many online invoices as you like for free. You can start the invoice creation process in your Zeller Account in the “ Invoices” tab of the menu bar — you’ll be guided through a step-by-step creation of your first invoice, from attaching a contact (a customer, business or supplier) to your invoice from Zeller Contact Directory , through to adding items and the requisite price, adding a due date, and then hitting send. You can even choose to schedule a specific date in the future for your Zeller Invoices to be sent. If you need to make changes to an invoice, you can easily edit, duplicate or cancel the invoice if required. You can even check a PDF preview of your Zeller Invoices to see how they will look to the recipient before you send them. For detailed steps on creating and sending a Zeller Invoice, follow this guide in the Zeller Support Centre. Accept invoice payments online Every Zeller Invoice can be paid online via Zeller’s secure online payment gateway. Customers can select to pay the invoice online via Visa, Mastercard, American Express or JCB for one low, flat rate . There are no monthly subscription fees to use Zeller Invoices either — you’re only charged if a customer selects to pay their invoice online using Zeller’s online payment gateway. Invoices that are paid online will be settled to your linked Zeller Transaction Account nightly or the next business day to third-party bank accounts. For business owners who don’t have a physical location — such as a freelancer or mobile service provider —online payments are an easier way to ensure you’re getting paid faster, without having to meet in person or chase up cash payments or direct deposits. Streamline invoice creation with item management When creating an invoice with Zeller, you can choose to add one-off line items for goods or services sold. Alternatively, you can create a list of goods or services you sell frequently in your new item management service. Saved items can then be quickly added to future invoices sent. Within item management, you can choose to customise GST preferences or apply discounts for a percentage or dollar amount by item, that reflect your business’ pricing and individual scenarios with different customers. Item management is particularly handy for businesses that regularly sell the same products or services, such as an accountant offering a standard consultation fee, or a wholesaler with a standard purchase price on goods sold to retailers. By saving each item in your item management library, future invoice creation will be much faster. Automate reminders to prompt payment With data from Accenture and Xero estimating a $1.1 billion cost to Australian small businesses as a result of invoice payment delays, it’s essential that business owners are enlisting the right online invoicing software that reduces the impact of late payments on their business. Zeller Invoices enables you to schedule automated reminders to be sent to invoice recipients before, on, and after the invoice due date. A gentle reminder to your customer that payment is due will drive urgency towards payments, combined with the ability to automate reminders which also minimises impact on your busy schedule. You can also choose to send your own manual reminders, or edit reminders for a specific invoice or contact, in just a few clicks, too. Track payment status When you’re busy focusing on running and growing your business, it’s easy to forget the payment status of every invoice sent. Zeller Invoices makes tracking invoice status easier with a built-in activity timeline and next-action prompts. Your invoice activity timeline provides you with a chronological list of all the actions taken on an invoice, including creation, send and payment dates. At a glance, this log shows you detailed information about each action, such as the date and time, which employee performed the action and any added notes or comments — giving you complete visibility over the actions taken to get the invoice paid. With the next action prompts embedded within the activity timeline, you can quickly take action on an invoice; such as sending a reminder or marking it as paid in the event your client made payment outside of Zeller’s online payment gateway. Personalise your invoices Looking professional is paramount for any growing business — and that’s just as important when you’re invoicing, too. With Zeller Invoices, you can add your business logo to your PDF invoice, online payment page, and payment receipt. Adding your logo ensures that your business looks professional, and will make a strong and positive brand impression on your customers. With more invoice customisation coming soon to Zeller Invoices, you’ll always feel confident knowing your business is putting its best foot forward. See all of your business finances in one place with Zeller With the introduction of Zeller Invoices, businesses can now pick and choose from a range of different financial products to suit their business needs. By using the Zeller ecosystem to manage everything from EFTPOS and invoicing, to accounts and cards, you'll soon see a complete, 360-degree view of your cash flow from your Zeller Dashboard. By utilising Zeller Contact Directory to assign invoices, payments and transactions to customers and suppliers you regularly do business with you’ll also gain a stronger understanding of where you’re spending, and who with — to help you do everything from negotiating more favourable payment terms to identifying your best customers. By combining all of your financial solutions within your Zeller Account, you’ll get a better grasp on your business finances as well as be able to make more informed business decisions. Get started with Zeller Invoices today If you’re new to Zeller, sign up for your free Zeller Account online today to access Zeller Invoices. It’s free to sign up for and can be done online in minutes. There are no monthly subscription fees to use Zeller Invoices, either. If you already have an existing Zeller Account, Zeller Invoices is now available for you to try in your Zeller Dashboard. Log in today to send your first invoice. You can also check out Free Invoice Generator if you want to find

Manage all of your Zeller products from one app. The Zeller App is one app to manage all of your business finances — accounts and cards, EFTPOS and payments, reporting and expense management, and more. No matter where you are, you can view, track, transfer, and make important decisions about your business finances all from your smartphone or tablet with the new Zeller App. Whether you're selling face-to-face or online; starting up or scaling up; a sole trader, or managing multiple locations, Zeller will help your business run better. Zeller’s suite of financial services products gives you the fastest access to your funds and real-time oversight of it all from one place. When it comes to managing your finances, and payments, Zeller gives you more time back and makes managing and saving your money easier. Keep reading to discover how the Zeller App helps you stay on top of it all. Accounts: replace your outdated business bank The Zeller App is a financial services solution that utilises all of the benefits of mobile technology to enable on-the-go management of your business finances. Unlike clunky business banking apps offered by the big-4 banks — which offer little more than the ability to view your account information and initiate transfers — the Zeller App gives you complete control over your business Transaction Accounts from wherever you are. You can create and manage multiple Zeller Transaction Accounts right from the Zeller App in a few clicks. Accounts take just seconds to set up; you could have a main account to settle funds into, another to store funds for business supplies, and another for discretionary purchases by managers. Use your Zeller Transaction Account BSB and Account Number to make fast, real-time transfers between accounts or to pay suppliers or employees, right from the App — or invite third parties to send funds to your account using those details and track it all with the Zeller App. With up-to-the-minute Xero Bank Feeds for streamlined bookkeeping and reconciliation; a powerful in-built contact directory to track who’s spending with you, as well as the businesses you’re spending with; and the ability to attach receipts, invoices and notes to transactions, the Zeller App enables you to manage your business Transaction Accounts on the go. Cards: track business spending and employee expenses Your Zeller Transaction Account can be linked to one or multiple physical or virtual Zeller Debit Cards . With the Zeller App, you can manage, order and issue Business Debit Cards for you and your team, right from your mobile phone. Virtual cards can be set up and activated in minutes, so your team can spend business funds as needed. Once you’ve activated at least one Zeller Debit Card, you can: select and change which Transaction Account your Card draws funds from manage Card security, including updating your PIN, and activating, locking, or cancelling a Debit Card in the event it is lost or stolen track and control employee spending, and manage expenses — easing the pressure on your bookkeepers assign contacts, attach receipts, and add notes to card payments to better understand your business spending and much more. Zeller gives you everything you need to do to take control of your business spending, all in one powerful mobile app. Payments: track sales across your entire business When you use Zeller Terminal to accept card payments, you have the ability to track EFTPOS payments in real-time across every site or  location from the Zeller App. Real-time transaction lists and reports show you exactly how money is flowing into your business — including time-stamps for each customer payment as well as details about the method of payment, and the business Transaction Account that your funds are being settled to. Funds accepted via Zeller Terminal are settled nightly to your chosen Zeller Transaction Account, 365 days a year, for fast cash flow. Track every settlement via the Zeller App, and transfer funds between your accounts instantly so you can spend money as and when you need to. Dashboard: real-time business financial reporting The Zeller App gives you a complete, real-time overview of your business finances with powerful reporting on transactions, payments, sales, transfers, Zeller Transaction Accounts, Debit Cards, spending, and expenses across your entire business. You can manage multiple businesses from the one location, and gain total oversight of business finances from your mobile phone. Having instant access to quick insights about the financial health of your business empowers you to be able to make smart, fast decisions about your business — from wherever you are. Get started today Download the free Zeller App , create your Zeller Account online in minutes, and you’ll instantly be set up with a free, fully-featured business Transaction Account — with no hidden fees or need to visit a bank. Zeller App is available to download for free from the Apple App Store and Google Play store , to compatible Apple and Android smart devices. Then, if you process over-the-phone or in-person payments, purchase Zeller Terminal from Zeller Shop, with free express shipping and same-day dispatch.

Discover a better way to store and spend business funds. Zeller Transaction Account is a powerful business transaction account that makes keeping on top  of your spending, transactions, payments, settlements and invoices, and making managing your business financial health simple and straightforward. When you sign up for Zeller, you get a free Zeller Transaction Account instantly  — there’s no paperwork or need to visit a bank. Some business bank accounts are outdated. Many are simply a secure place to store funds. With Zeller Transaction Account, you can replace your outdated business bank account with next-gen technology that gives you one place to see your incoming and outgoing transactions in real time, understand customer and business spending, and track payments across your entire business — right from your computer or smartphone. New enhancements make the Zeller Transaction Account the most powerful transaction account for any business stage or type. Whether you operate a start-up or a scale-up, sell face-to-face or online, or manage contractors as part of an agency, Zeller has the right financial services solution for you. Zeller Transaction Account can be used together with other Zeller products, or as a standalone Transaction Account for businesses that: need a place to settle funds to don’t have an established banking history, yet need a transaction account fast want solutions to help manage expenses across a wide range of employee or contractor types, without the fuss. Keep reading to discover how Zeller Transaction Accounts work. An all-in-one solution Zeller’s suite of products support all of your business’ financial needs. Funds accepted via Zeller Terminal are settled to your Zeller Transaction Account nightly, 365 days a year, and then instantly available to spend with your Zeller Debit Card . Plus, with your own Account Number and BSB, you can invite customers, clients and other third parties to transfer funds directly to your account when paying your business for invoices. Alternatively, Zeller Transaction Account can be used as a standalone business account to store, save and manage your funds. Meet your new Transaction Account Zeller Transaction Account is an all-in-one business account for growth-minded merchants. Complete with BSB and Account Number, it’s packed with all of the tools you need to manage, categorise and spend business funds. Instant setup Create your Zeller Transaction Account in a few simple steps online , with no lengthy paperwork or need to visit a bank branch. In fact, it’s the fastest and simplest way to sign up for a business transaction account, anywhere in the world — most business owners can be set up with a new account in under 5 minutes. You can create as many free Transaction Accounts as your business needs — whether that’s one for every business location, one for saving and another to store petty cash for employees to spend with their Zeller Debit Cards , or any other setup. No matter your business stage or type, Zeller can support the way you run your business. Real-time and unlimited transfers Outdated business banks will make you wait days to receive your funds — and even longer on weekends and public holidays. With Zeller Transaction Account, funds are transferred in real-time. Powered by the New Payments Platform, Zeller enables faster, simpler, smarter payments for every business. With your Zeller Transaction Account, you can send and receive funds in real-time for instant cash flow. All businesses need fast cash flow. Whether you're a market merchant needing their funds settled to buy fresh produce, an agency wanting to pay its contractors faster for completed work, or an online seller needing to pay a drop-shipper to release the goods so you can fulfil orders — Zeller’s nightly settlement gives you the fastest way to access your hard-earned money. Instant, fee-free spending Create and issue virtual Zeller Debit Cards, or order physical cards, online in an instant. Then, connect your card to one of your Zeller Transaction Accounts so you and your staff can spend business funds to make purchases in-store and online. Simple expense management Zeller Transaction Account is the most powerful account for modern businesses. That means you have the ability to upload receipts, add notes, categorise transactions, and assign contacts to transactions so you better understand the customers spending with your businesses as well as the businesses you’re purchasing from. Powerful business insights Real-time transaction lists and reporting, available in both Zeller Dashboard and the Zeller App (coming soon), empower you with the insights you need to run a successful business. Plus, funds settled to and withdrawn from your account are easily accessible, from wherever business takes you. Xero Bank Feeds integration Rely on Zeller’s up-to-the-minute integration with Xero bank feeds to reduce the admin load of manual transaction uploads and reconciliations. When funds are settled to your Zeller Transaction Account, transaction information appears in your Xero organisation instantly. Secure access can be granted to third parties like your bookkeeper or accountant, ensuring you’re working as efficiently as possible from the exact same data. Get started today Zeller Transaction Account gives you complete oversight of your finances to help you make smarter business decisions. Having the ability to see your true financial position at any point in time enables you to identify opportunities for business growth and see where savings could be made. Open your free Zeller Transaction Account online in minutes today.

Meet your powerful new business Debit Card. Without fast access to your takings, business cash flow can stagnate. Having the ability to make purchases and spend funds when you need to is critical to keeping the operational wheels of your business moving. When you sign up free for Zeller, you get a free Zeller Debit Card as well as real-time transaction tracking — simplifying bookkeeping, and making expense management a much easier task. Keep reading to discover how it works. The fastest way to access your funds Zeller offers a full suite of products to support all of your business’ financial needs. Using your Zeller Terminal in conjunction with your Zeller Transaction Account and Zeller Debit Card is the quickest way to get access to your takings — speeding up cash flow so you can purchase stock and pay bills and suppliers fast. Or, spend other funds settled to your Zeller Transaction Account from invoices paid to streamline your business spending. Funds accepted via Zeller Terminal are settled to your Zeller Transaction Account nightly, 365 days a year, and then instantly available to spend with your Zeller Debit Card. Features of your new business Debit Card Zeller Debit Card is the powerful new spending card linked to your Zeller Transaction Account, replacing the Zeller Mastercard. There are plenty of new features and tools you can utilise to streamline your business spending, manage expenses, make it easier for staff to make purchases on your behalf, and much more. The new Zeller Debit Card can be used in conjunction with your Transaction Accounts as a standalone replacement to your traditional business bank. It’s one of a number of new and improved products that mark Zeller’s shift to become a full-service financial services provider. Fast setup Your Zeller Debit Card will be shipped to you, fast and free, when you sign up for Zeller. There’s no paperwork, or need to visit a bank branch. Signing up takes just a few minutes online. You can also order additional Zeller Debit Cards and issue them to your employees so they can make business purchases in-store and online. Create and assign virtual cards With Zeller, you can create virtual cards in seconds. Rather than wait for a physical card to arrive in the mail, simply log in to Zeller Dashboard, create a new virtual card instantly, then add it to your mobile wallet. Make purchases in-store and online Use your Zeller Debit Card to make purchases anywhere Mastercard is accepted — whether that's in-store or online. You can even attach invoices, receipts or notes to transactions made, to help streamline reconciliation and bookkeeping — and get a clearer understanding of every business expense. Track who you’re spending money with Tracking purchases made by staff is simple, with up-to-the-minute transaction lists available in both Zeller Dashboard and Zeller App (coming soon). Plus, Zeller Debit Card works hand in hand with Zeller Contact Directory , Zeller’s in-built contact management system. Purchases made using Zeller Debit Card will appear in transaction lists, complete with information about the business where the purchase was made. This functionality empowers you to track where your money is being spent, and better understand the business you spend with. Streamline reconciliation Budgeting is something every business owner must have a handle on. Zeller makes reconciliation simple by enabling you to leave notes and attach receipts to transactions, so you know the context behind each purchase. Information about the purchases made using your Zeller Debit Card can also be pushed to your Xero organisation via up-to-the-minute Xero Bank Feeds to simplify your bookkeeping and expense management, making tax time that much easier. Add to your mobile wallet With the new Zeller Debit Card, you can leave your wallet at home and make purchases with a tap of your mobile device. When Zeller App launches, Android users will be able to add Zeller Debit Card to their digital wallet. Functionality enabling iOS users to do the same is coming soon. Remote card management If you (or your staff) ever lose or misplace a card, simply lock it from Zeller Dashboard or Zeller App (coming soon). Placing a lock on your Zeller Debit Card will instantly prevent it from being used. Once found, the lock can also be removed by you — there’s no need to speak to our Support team, yet we’re always on hand to help if you need. No strings attached Zeller Debit Card is free for businesses to use — with unlimited purchases, no monthly account fees, no paperwork or need to visit a bank, and no lock-in contracts. It’s the optimal solution for growing businesses wanting to streamline spending without the hassle. Earn cashback rewards When you spend with Zeller Debit Card, you’ll receive regular rewards and cashback benefits from your favourite suppliers, restaurants and retailers, exclusive to card holders. Simplify your business spending today Sign up for your free Zeller Debit Card online and we’ll ship it to you, fast and free. Then, activate your card and begin spending in minutes. Or, purchase your Zeller Terminal Kit — complete with Zeller Terminal, Zeller Debit Card and Zeller Transaction Account — so you can process in-person and over-the-phone payments seamlessly and securely.

Everything you'd expect from a business account — and more. As a business owner, you want to focus on growing your business. Whether your goal is to scale up, increase your profits, or explore new opportunities — our growing range of financial services products enable you to take that next step. We have expanded our product suite to include three new, powerful products that will help more Australian businesses — like yours — to grow. Zeller Debit Card New and improved Zeller Transaction Account Zeller App As with all Zeller products, these new offerings work just as well together as they do with your existing solutions. When used in conjunction with Zeller Terminal, they give you a complete view of your incomings and outgoings — enabling you to get a better handle of your business cash flow. Yet, as part of the exciting evolution of Zeller, you can also opt to use each of these products as a standalone replacement for your current business bank account . Zeller is a new and powerful replacement for your business accounts and cards, enabling you to store, save and spend your money better. Keep reading to learn more about how Zeller is reimagining business banking by developing innovative products to help you run your business better — with no lock-in contracts, monthly fees or need to visit a bank. Reimagining business banking for Australian businesses In 2021, over 3 in 5 Australian business owners reported that they would prefer to manage their business finances through a non-big 4 bank. Tired of the lengthy set-up processes and paperwork, slow settlement, hidden account fees and fine print, it was clear that business owners desired a powerful new alternative. Zeller launched that same year to offer a smarter alternative to outdated business banking solutions serving Australia’s thriving business ecosystem — supporting merchants to grow their cash flow and profitability as they emerged from the pandemic with products that enable them to access their funds faster, gain valuable business insights, manage expenses more efficiently, and sell to their customers in more locations. Now we’ve expanded Zeller’s suite of products to offer a complete financial services solution that’s everything you'd expect from a business bank, but better. The release of these new products marks an important milestone for Zeller in becoming a financial services provider that meets all of your business financial needs — from accepting payments to managing your finances, paying employees and bills, tracking your expenses, reporting on business growth, streamlining bookkeeping and more. With Zeller, you can say goodbye to your outdated business bank. No matter what your financial services needs are, we are developing the solutions to power them — with no monthly fees, no paperwork, no need to visit a branch, and no lock-in contracts. Meet Zeller’s suite of new, powerful financial products Use them all or pick one to plug into your existing tech stack, Zeller offers a suite of financial services products to power up your business — including EFTPOS payments and invoices, accounts and cards, with new solutions for expense management coming soon. Zeller Transaction Account When you sign up for your Zeller Account, you get a free, powerful Zeller Transaction Account that you can use to replace your traditional business bank. Or, simply sign up for your free Zeller Transaction Account and use it without any other Zeller products. It’s the most powerful business Transaction Account for any business stage or type — complete with your own BSB and Account Number. Once set up, you can create as many additional accounts as you like. Zeller Transaction Account comes with features to see a full overview of all of your payments, transactions, expenses, spending and invoices across your top suppliers and customers, and manage expenses in real-time with ease. You can transfer funds to and from your Zeller Transaction Account instantly, then rack all your incomings and outgoings with up-to-the-minute Xero Bank Feeds, to streamline reconciliation. Using your Zeller Transaction Account in conjunction with Zeller Termina l gives you the fastest possible access to your funds, so you can put your money to use. Funds accepted via Zeller Terminal are settled to Zeller Transaction Account nightly, 365 days a year. Zeller Debit Card As you grow your business, you’ll need to purchase stock; pay bills, suppliers and employees; and keep track of it all so your budget is under control. Zeller Debit Card , which replaces Zeller Mastercard, is linked to your free Zeller Transaction Account so you can spend funds as soon as they settle to your account. With Zeller, you can create unlimited, free virtual cards and assign cards to employees in seconds so they can make business purchases in-store and online. Then, add notes and upload receipts so you know where your money is going. If your card ever goes missing, it’s simple to lock or cancel the card in an instant via Zeller Dashboard or Zeller App. Whether it’s a round of coffee for staff, or your business’ electricity, you can pay for it with Zeller Debit Card — plus, you’ll get access to exclusive cardholder benefits and rewards with every dollar you spend. Purchases made in Australia are always fee-free, and there are no annual card fees. Zeller App The Zeller App is the only app you need to manage your accounts and cards, EFTPOS and payments, invoicing and expense management, and more. Whether you operate a startup or a scale-up, you can run all of your business finances from your mobile phone, no matter where you are in the world. With Zeller App , you can: transfer funds fast between accounts order and issue, activate and cancel Zeller Debit Cards for you and your team view sales reports view your entire transaction list and details for all your Zeller Transaction Accounts, Zeller Debit Cards and funds settled from Zeller Terminal add notes to your transactions and more. Zeller App is available and free to download from Apple’s App Store  and Google Play . Zeller Terminal Whether you’re accepting payments in-store, on the go or over the phone, Zeller Terminal ensures customers are able to pay for your goods or services quickly and securely. When you’re just starting out, having an EFTPOS machine helps establish legitimacy with customers and affords incredible efficiencies; you don’t want to be sending customers to an ATM or requesting bank transfers. When you’re operating a busy business, an EFTPOS machine that processes customer payments in seconds helps to cut down queues and increase customer satisfaction — ensuring their final touchpoint with your business is a positive one. Make use of intelligent functionality such as: integrations with 600+ point-of-sale systems to streamline payments custom surcharging to pass on your cost of acceptance in full tipping prompts to grow your tips by 30% customisable receipts for additional business branding and much more. With 99.999% uptime and the option to add a Zeller SIM Card so you can process payments when Wi-Fi or personal hotspot isn’t available, Zeller Terminal ensures you’re always ready to sell. In-person payments cost just 1.4% per tapped, dipped or swiped transaction, while over-the-phone payments cost 1.7% to reflect the additional security measures required to keep your business safe. If your business processes over $250K in card payments per year, you may be eligible for a custom rate. Funds accepted via Zeller Terminal are settled to your Zeller Transaction Account overnight, 365 days a year, and available to spend using your Zeller Debit Card the very next day. Zeller Terminal comes in black and white, and is available from Zeller Shop , with free express shipping and same-day dispatch. There are no lock-in contracts, terminal rental fees or hidden charges. Zeller Dashboard Having the ability to see, track and report on your incomings and outgoings is key to running a successful business. Zeller Dashboard provides one convenient location to see your incomings and outgoing in real-time, manage your EFTPOS terminal settings, create reports, keep track of business performance and more — from wherever you are. Understanding where your money is coming from, and then being spent, is key to healthy cash flow. It also makes tax time easier and enables you to find opportunities to cut spending to support business growth. For example, using Zeller Dashboard you can instantly identify which times and days of the week your business is the quietest. With this information in hand, you can make informed decisions about whether to change your opening times, close on public holidays, reduce your staff, and much more. Zeller Contact Directory works hand in hand with Zeller Dashboard, allowing you to better understand the customers who shop with you and get valuable insights about the businesses you spend with. This powerful functionality gives you one place to see every EFTPOS payment, transaction and account transfer processed with an individual or another business — and it’s included free. Make the switch today Whether your business is big or small, Zeller products can help you run more efficiently and meet your next growth milestone. Plus, all Zeller merchants get free access to live support in under five minutes. Our team of experts is on hand to help you with any queries you may have, and are available via phone call or text, email, and social media. Sign up for your free Zeller Account today in under five minutes to get started, or speak to Zeller Sales about a custom package designed to suit your business needs.

Streamline reconciliation with Zeller's Xero Bank Feeds. No business owner looks forward to manually reconciling their accounts. We’ve partnered with Xero to reduce the admin load of manual transaction uploads and reconciliations so you can focus on more important tasks. Xero’s online accounting software provides visibility of your business accounts in a simple, smart and secure way. With Xero Bank Feeds, transactions processed through your chosen Zeller Transaction Account are automatically uploaded to your Xero organisation. With Zeller, there’s no need to wait until close of business — an up-to-the-minute feed of your incomings and outgoings will appear in Xero. This powerful integration helps you to: simplify your business accounting with an automatic, integrated feed of Zeller transactions to Xero. save time and run your business more efficiently by eliminating the need to manually import your transactions every day. securely share accounting information to third parties, without the security risk of sharing your credentials. understand your cash flow with up-to-the-minute transaction uploads, enabling you to simplify your tax returns, more easily control cash flow and make smarter business decisions. Connect your Zeller Transaction Account to Xero in just a few clicks today. What is a bank feed? A bank feed automatically sends information about transactions to your accounting software. Together, Zeller works with Xero to automatically import transactions from your Zeller account directly into your Xero organisation. Xero direct bank feeds ensure transactions are accurately reflected across your most-used financial and reporting tools, giving you an up-to-the-minute view of your cash flow at any point in time. When you use bank feeds, both incoming and outgoing transactions flow seamlessly into Xero — reducing manual admin as well as the risk of data entry errors. You can even grant secure access to third parties, like your accountant or bookkeeper, to help you forecast and plan from the exact same data. Why set up a bank feed with Xero? A streamlined payment and reconciliation system allows business owners to see their true financial position at any point in time. Zeller’s automatic bank feeds help you stay in control of your finances while saving time on manual data entry, by enabling you to keep track of your incomings. All of this arms you with insight you can use to grow your business and makes tax time easier. By giving you the ability to grant secure access to third parties, such as your accountant or bookkeeper, it also streamlines your accounting and reporting tasks. Setting up Zeller and Xero bank feeds Using Zeller’s integrated bank feeds is an easy way to take control of your cash flow, and improve your business. Plus, it’s free to set up. Before setting up a Xero direct bank feed, you'll need: a Zeller Account to be accepting transactions into your Zeller Transaction Account and/or spending using your Zeller Mastercard to be logged in to Zeller Dashboard to be registered as a customer with Xero Connect your bank feeds Many small business owners already use business accounting software, like Xero. To set up bank feeds: log in to Zeller Dashboard navigate to the new Xero Bank Feeds Integration connection by clicking to expand Settings, then clicking Connections Read and accept the disclaimer Click Connect Follow the prompts to authenticate the connection with Xero, then connect your bank feeds by following these steps: Select which Xero organisation you want to integrate with Zeller, and click Next. Select which Zeller Transaction Account to share with Xero, and click Save. You’ve now set up bank feeds in Xero. Update your bank feeds Once your direct feed is connected, statement lines will automatically appear in your Xero organisation — ready for you to reconcile. You will never need to manually upload or update your transactions again. Transactions from your Zeller Transaction Account are immediately and seamlessly uploaded to your Xero organisation. With Zeller, there’s no need to wait until close of business. Speed up your reconciliation with bank feeds today This powerful Zeller and Xero integration is built to save time, reduce human error, and give you an up-to-the-minute view of business finances. Bank feeds bring all of your financial information together in one spot so you can make important business decisions. As a financial services provider , Zeller is committed to streamlining daily tasks for business owners — giving them back time to focus on growing their business. Stay tuned for more exciting updates to your Zeller account, coming soon.

Store, manage and view all your contact information in Zeller Dashboard. Relationships play vital roles in every successful business. Regardless of whether you’re new to the world of business ownership or growing an established venture, people are at the heart of everything you do. With this latest release, Zeller now helps you to strengthen those relationships. Zeller Contact Directory is a new contact management tool used to store business and personal details, giving you one place to see every EFTPOS payment , transaction and account transfer processed with an individual or another business. Armed with that information, you are able to better understand your business and the customers who shop with you, as well as get valuable insights about your own business spending. Introducing Zeller Contact Directory At its most basic, managing contact data is as simple as using an address book to maintain up-to-date information about business contacts. Yet the real benefit of having contact data on hand comes from the way you use it — to strengthen relationships with customers, suppliers and other businesses, get better oversight of where business funds are being spent, and identify opportunities to grow your bottom line. Zeller Contact Directory enables you to understand your transactions on a deeper level, and access information about your business quicker. Smarter business decisions are made with insight. Designed specifically for running and scaling a business, Zeller Contact Directory is a free tool for all Zeller merchants. With this release, you can now create contacts in Zeller Dashboard — making it easier to run and build your business by building more meaningful relationships with contacts who pay you, and contacts who you pay. How to get started with Zeller Contact Directory Zeller Contact Directory is your central spot to manage all of your business relationships. With these new feature updates, there are several changes to your workflow when transferring money out of your Zeller Transaction Account, and assigning contacts to transactions and transfers. When you need to transfer money Transferring money is simpler by selecting a contact when processing a transfer. If your contact's details are not already populated, you can add them the next time you transfer money. Linking existing contacts to historic transactions Search your transaction or transfer history, and then link it to an existing contact. Any existing and future transactions or transfers will now be linked to that contact. Creating a new contact in your Zeller Account Once you've created a new Zeller Contact, you can then search your transaction or transfer history to select which transactions you want to link to that Zeller Contact. Learn more about the businesses you spend with Business details are automatically populated for transactions spent on your Zeller Mastercard , so you can understand more about the businesses you make purchases with. Used to its fullest, Zeller Contact Directory provides you with instant access to important information about the people and businesses you interact with. A holistic view of every contact Zeller Contact Directory is made up of contact records that you create. There are two types of contacts in Zeller Contact Directory: individuals, and businesses. These contacts can be linked together, providing a holistic view of the relationship web. Each contact can be populated with a wealth of information about an individual or business you interact with, including: general contact information, such as emails, phone numbers, and addresses categorise contacts and add custom tags, such as ‘supplier’ or ‘book keeper’ an image, for immediate identification account details for bank accounts you transfer money to notes, such as details customer preferences or information about previous purchases. New view in Zeller Dashboard To view the contact directory, click Contacts in the left pane of Zeller Dashboard. From here, click either Add Business or Add Person and follow the prompts to create a contact. To search Zeller Contact Directory, select the search icon and begin typing the name of the contact or tag attached to that contact. All contacts matching the search criteria will be filtered below, for easy identification. Create and link contacts with ease There are multiple ways to create a contact in Zeller Contact Directory. Once a contact has been created, it can then be linked to transactions or bank account details within Zeller Dashboard. As mentioned above, a business or person can be directly added to the Zeller Contact Directory. A contact can also be created from a transaction, or transfer. To create a new contact, or link an existing contact to a transaction, click on any past transaction in Zeller Dashboard, then select Contact and begin typing. If a contact already exists, click it to assign the transaction to the contact. If a contact does not exist, follow the prompts. All historical and future transactions using the same card will be linked to that contact. Every time a customer uses that card to buy from you, the transaction will be attached to the contact in Zeller Contact Directory. To link details of bank accounts you regularly transfer to, open the contact in Zeller Contact Directory. Navigate to Bank Account and select Add . From here, either select an existing account or follow the prompts to create a new one. All historical and future transfers will be attached to that contact. Relationships are the foundation of business success Zeller Contact Directory gives you a place to store valuable information about the individuals and businesses that interact with you. Having the ability to easily surface contact information enables you to grow meaningful relationships, whether it’s by greeting a person by name or remembering details of their last purchase. Yet there are a multitude of ways that information can be put to use to strengthen business relationships. You might want to make your repeat customers feel more welcome in store by training staff to provide a more personal customer experience, using the rich data attached to the customer’s contact record to suggest new products or services. Or you might use it to streamline the way you deal with other businesses, like your supplier.  Being able to easily bring up contact details for your key supplier, including the name and direct number of your account manager as well as a list of every purchase made using business funds, makes it easy to manage things like repeat orders and better understand your spending. Relationships are at the heart of business. The more visible information about your contacts is, the more opportunities you have to strengthen those ties. Stay tuned to discover more ways to use Zeller Contact Directory to grow your business.

Discover how filtering how can help you understand your business cash flow. Reporting is a critical part of every business operating system. Understanding the amount of money flowing into your business — as well as where it’s coming from, and when — is key to the health of your business. With an EFTPOS system, customer payments are processed in real time. That means you can easily keep track of transactions. What's more, by tapping in to Zeller's intelligent reporting functionality, you can use up-to-the-minute business information to make smarter decisions. Filter transactions by time From Zeller Dashboard, you can download a list of transactions processed through Zeller Terminal . New advanced filtering functionality enables you to pinpoint a customer down the minute. The latest filter enhancement enables you to filter by time, so if your business trades past midnight, your “business day” can extend to the next morning. This is particularly useful for late-night restaurants, bars, clubs and entertainment venues. Instead of splitting transactions accepted before midnight from those accepted after midnight, you can now have a full view of funds accepted via Zeller Terminal during any given period. How to filter transactions in Zeller Dashboard The next time you go to export a list of recent transactions from your Zeller Dashboard, try the filter functionality. Use filters to search by: terminal transaction status reference number or card number dollar amount date time Say you run a pub that operates between 11am and 2am, and you need a list of transactions that happened at the front bar over the course of a business day. You would set the start date as Friday at 10am, and end date as Saturday at 2am. Then, click export transactions. You'll immediately receive a list of every transaction processed via your Zeller Terminal between those hours, for filing or further analysis as needed. We know every merchant runs their business in their own unique way, so you have the option to download these histories as a CSV, PDF or Excel (XLS) file — whatever works for your business. From there, use your transaction list to work out your card mix, identify refunds and cancelled transactions, and check progress towards benchmarks. How to filter transactions on Zeller Terminal It's likely that you won't grant all members of staff access to your Zeller Dashboard, so this information is also available on Zeller Terminal. This makes end-of-trading-day reconciliation a breeze. From the Transactions, Terminal and Site Reports screens, simply set the search parameters by changing the hands of the clock face to reflect business trading hours and follow the prompts to create a list of all transactions that occurred within that timeframe.  You can then reconcile the total transaction amount against your point-of-sale system. Visit the Support Centre for more information about filtering and viewing transaction reports for a specific date range.

It pays to open a separate account for your business. When you run a business, keeping accurate financial records is essential. One of the easiest things you can do to simplify your life is to choose the right set-up for your accounts from the outset — especially if you have plans to grow your business in future. Depending on your business structure, you may be required to have a separate account to hold business funds. If your business has been set up as a partnership, company or a trust, you are legally obligated to have a separate account for tax purposes. Sole traders aren’t legally required by the ATO to have a separate account, but there are many reasons why keeping your personal finances distinct from business funds is a good idea. Read on to discover the top reasons for opening a business account, and how to choose the right small business account for your circumstances. 5 reasons why you should open a business account 1. Better visibility of the financial health of your business One of the biggest challenges for small businesses is the ability to manage cash flow. Accurate monitoring of spending is vital for cash planning, however managing this can become more difficult when business spending and personal spending are intertwined in the one account. As a sole trader, there’s no legal reason why you can’t use your personal bank account to receive and make payments for your business. Yet when it comes to reconciling your business transactions at the end of each month, you may find that trawling through your personal expenses is a tedious task. If you choose to store business and personal funds in one account, you will need to be extra careful in reconciling your financials. Getting it wrong could land your business in trouble, come tax time. By keeping your business transactions separate, sorting out your legitimate business expenses from your personal spending becomes far simpler. To streamline your bookkeeping even further, you can link your business account to your business accounting software and automate the process of inputting your expenses. The ATO requires you to maintain your business records for five years; having a dedicated business transaction account will make it much easier to manage in the event you are audited. 2. Separated funds ready for tax time Meeting your tax obligations is one of the less enjoyable, yet necessary, elements of running a business. Maintaining a separate business transaction account means that you can keep track of your business income, and better manage your obligations when tax time rolls around. A popular approach for ensuring that there are no surprises at the end of the financial year is to have three business accounts : one for everyday transactions, one for holding your GST and PAYG instalments, and one for storing profit. This way, you won’t be tempted to spend more money than you should, and you’ll have better control over your cash flow. With Zeller, you can open multiple Zeller Transaction Accounts – with different cards attached to each for simple, trackable expense management and you can open a Zeller Savings Account to earn interest on your profit. 3. Easier accounting When tax time rolls around, you’ll want to make sure you don’t miss any legitimate business deductions. Keeping your personal and business transactions separate will not only make this easier, but will also help to avoid mistakenly claiming a personal expense as a business expense. You’ll also likely minimise your accountant’s fee, as they won’t have to sift through your personal expenses in order to complete your tax return. Instead, you could ask them to spend time on meaningful tasks that will help to grow your business. The true value of an accountant is in helping you to identify longer-term savings and strategies to grow your business — not identifying which coffees were for a business meeting, and which were for brunch with friends. Haven’t got one? Read  How to Find an Accountant for Your Small Business . 4. Simpler and faster money management Most financial service businesses take the hassle out of making and receiving payments by offering 24-hour online access to accounts. However, by shopping around, you will be able to find smarter solutions that offer far more than round-the-clock access to your funds. Depending on which provider you choose, your business could also benefit from the ability to track things like: the total value of sales on any given day, or month business performance by location the amount of tax payable on your takings, at any point in time. Zeller Transaction Account offers real-time visibility of all of the above, and much more. Most businesses can sign up in under 5 minutes. Take the time to research the features and compare business bank accounts to discover which meet your needs — not only now, but as your business grows. 5. A more professional image If you want your business to be taken seriously, opening a business account is an important first step. Making and receiving payments into a business account helps to create a more professional, trustworthy perception. When you have a separate account for storing business funds, your business name will appear on any invoices and payment paperwork, rather than your personal name. This will help both suppliers and customers to become more familiar with your business' name. Choosing the best transaction account for small business Before opening a new business account, it’s important to take a moment to consider your needs. Your business' operating rhythm, as well as the time it takes to get set up, are two of the most important considerations. Thanks to decades of technological advancements, there are new alternatives to traditional big-4 banking which don’t require you to carve time out of your busy work day to visit a branch, and rely on outdated communications methods — such as fax. Aside from ease of setup, there are a number of other considerations. These include: transaction limits whether you require additional features, such as cheque books availability of merchant facilities, such as EFTPOS terminals fees, including account-keeping and transaction fees how quickly you need access to your funds. If you’re not sure which business account is right for you, consider seeking advice from your accountant or tax agent. They may be able to help you decide what will work best for your financial reporting requirements. The easiest way to set up a business transaction account Zeller has developed a fee-free option specifically for small and medium sized Australian businesses. Our all-in-one solution includes a free business transaction account , linked to your Zeller Terminal. There are no hidden fees, or lock-in contracts. Payments accepted via your Zeller EFTPOS machine are settled into your Zeller Transaction Account at the end of every day, and funds are available for spending via your Zeller Debit Card the next day — which means there’s no waiting for your money. You can pay staff, suppliers, and yourself immediately. However, if you prefer to store your funds elsewhere, your Zeller Terminal can be linked to any third party bank account. Funds will be transferred the very next business day. The Zeller system has been designed to streamline the entire payments side of your business, and provide visibility over your incomings and outgoings at a glance. Zeller Dashboard provides a real-time overview of the money flowing into your transaction account, earning interest in your savings account, and being spent via your business debit card, as well as how your current cash flow compares to previous periods. Still not sure which is the right option for your business? Read up on Best Business Bank Accounts in Australia .