Westpac/St George looking for new business

Westpac fired the latest salvo in the battle for business banking customers with its offer to waive all establishment fees on loans over $10,000 and up to $10 million for businesses that switch before June 30.

The offer also includes zero account-keeping fees on transaction accounts for a year; and up to $20,000 in switching costs covered on new business loans over $100,000.

St George is offering a $50,000 cap on switching and establishment costs for loans of more than $250,000. Until July 31, St George will pay up to $50,000 to businesses to help pay switching costs, as it attempts to improve its lending reputation among corporate customers.

Source: Herald Sun