Top small business loans in November 2019

Your guide to getting a small business loan Business loan rates have not fallen as far as RBA’s cash rate and rates on business savings [...]

POSTED ON November 14, 2019
The essentials for setting up your home office

Many small businesses don’t require commercial premises to set up shop. Almost one million small businesses operate out of residential premises. But setting up a [...]

POSTED ON February 22, 2018
How to get a business loan with bad credit

Businesses often require a financial investment to help get them up and running. But before a bank can grant you a loan it will review [...]

POSTED ON February 20, 2018
From loan to profit: Growing your small business

You’ve probably come across the term start-up business loan while researching funding options for your new small business. But if you’re unsure of what exactly [...]

POSTED ON February 19, 2018
Insurance basics for small businesses

People often think about insurance in terms of life insurance, car insurance and private health insurance. But when you go into business for yourself, you [...]

POSTED ON February 14, 2018
The best credit card for your small business

Business banking often needs to be kept separate from your own personal finances. If you’re starting your own business, you may need to set up: [...]

POSTED ON February 14, 2018
Choosing a credit card for your business

Are you looking to start your own business? Perhaps you've already taken the first steps to set up your business. Or maybe you have an [...]

POSTED ON August 11, 2017
Rewards vs no frills credit card

Everyone wants free flights around the world delivered by their credit card for spending on items they would normally buy anyway. This is the dream [...]

POSTED ON April 29, 2016
What is a good credit card interest rate?

There are many hundreds of credit card deals now available in Australia. Because of increasing competition, the deals that consumers can get are increasingly enticing. [...]

POSTED ON March 10, 2016
Are you drowning in credit card debt?

The number of Australians drowning in credit card debt is a real issue. Credit cards represent easy money, so credit card users have to be [...]

POSTED ON March 9, 2016
What does ‘balance transfer’ mean?

Right now there is a record number of credit cards offering low or no interest balance transfer deals. Balance transfer means you transfer your debt [...]

POSTED ON March 4, 2016
Interest free money is the best money of all

Financial adviser Scott Parry said “interest-free money is the best money of all” and balance transfer credit cards can be a brat way to cut [...]

POSTED ON January 13, 2016
Are doing balance transfer right?

Many people who sign up for credit card balance transfer offers don’t use them properly. 29 per cent of all balance-transfer deals are not cleared [...]

POSTED ON January 13, 2016
What type of credit card user are you?

There are two different types of credit card users. One type pays for the other types benefits and rewards. They are called transactors and revolvers. [...]

POSTED ON December 18, 2015
How to get value from credit card rewards

There are about 140 Australian credit cards featuring a rewards program of some sort. The rewards on offer vary from merchandise to free flights and [...]

POSTED ON December 18, 2015
How to use your credit card at Christmas…

Many financial counsellors recommend that consumers using credit cards to pay for Christmas spending should follow some simple rules: 1) Set limits and stick to [...]

POSTED ON December 16, 2015
What are rewards points actually worth?

Customer loyalty specialist Adam Posner, CEO of Directivity, said consumers should check the earn and burn rates for points in each credit card and retailer [...]

POSTED ON December 9, 2015
Zero interest periods get longer and longer

There is an increasing number of great balance transfer deals to choose from. Credit card providers are aggressively pushing balance-transfer deals. Dramatically longer zero-interest periods [...]

POSTED ON November 30, 2015
Is your credit card ripping you off?

Credit card interest rates range from under 8 per cent to over 20 per cent. A twenty per cent interest rate can be crippling to [...]

POSTED ON October 5, 2015
What is a credit card?

A credit card is a permanent approved line of credit. You can use that credit to make purchases with the card or withdraw cash. The [...]

POSTED ON September 30, 2015
Higher credit card repayments may be coming soon

Labor Senator Sam Dastyari is heading up a parliamentary inquiry into credit card interest rates. Sam Dastyari said he favours increasing monthly credit card repayment [...]

POSTED ON September 30, 2015
Our credit cards are under control

Australians seem to have their credit card accounts under control. The latest Reserve Bank lending data reveals no overall growth in consumer credit balances in [...]

POSTED ON September 2, 2015
What is my credit card interest rate?

If you don’t know what rate of interest your credit card is charging you, look it up and compare deals on infochoice.com.au. A survey by [...]

POSTED ON August 20, 2015
Average credit card rates are not coming down

The average credit card purchase interest rate has not fallen since 2011. However the Reserve Bank’s “cash rate” has been slashed by 2.75 percentage points [...]

POSTED ON June 2, 2015
Paying too much interest on your credit card?

Australian Bankers Association’s chief Steve Munchenberg said credit card interest rates are high because it is unsecured debt. If credit card customers feel they are [...]

POSTED ON May 27, 2015
Are you using a credit card to earn points?

If you're using a credit card to accumulate points and rewards you should ensure they're worth it. Some rewards credit cards have a $1200 annual [...]

POSTED ON April 30, 2015
Mastercards load onto Samsung phones

MasterCard credit and debit cards will soon be able to be loaded on to Samsung Pay on the new Samsung smartphone – the Samsung Galaxy [...]

POSTED ON March 3, 2015
Banks to add more to RBA rate rises

Borrowers are likely to be slugged by more rate rises from RBA and more margin expanding rate rises from the big banks as well. The [...]

POSTED ON November 2, 2009
Switch your lender & save $3,800

Over the last 14 months of the GFC, many people moved their money and their business to a big four bank. Many people could simply [...]

POSTED ON November 2, 2009
Four steps to switching banks

Switching bank accounts to a new bank is easier than it has been in the past, but can still be a complex process. ASIC and [...]

POSTED ON November 2, 2009
Fee changes to all transaction accounts

Almost all banks, credit unions and building societies have announced changes to the fees they charge their credit card, loan and account customers. Now may [...]

POSTED ON November 2, 2009
Banks trying to connect with customers

ANZ, Westpac and NAB have launched new marketing programs recently all trying to reconnect with their customers and communities. ANZ have re-fashioned their signage with [...]

POSTED ON November 2, 2009
Most borrowers reject fixed rates

Most homeowners are choosing to stick with their variable rate mortgages with only ten per cent saying they are opting to fix their rate now. [...]

POSTED ON November 2, 2009
Aussies are stashing their cash

The first national study by Westpac into the social effects of the global financial crisis shows more than 32% of Australians are cocooning in the [...]

POSTED ON November 2, 2009
PayPal card coming soon

PayPal will be a ubiquitous part of the Australian payments landscape within 18 months, says outgoing Australian managing director Dinuke Ranasinghe. Ranasinghe said PayPal is [...]

POSTED ON October 21, 2009
School tuckshops take credit cards online

Parents at some schools are paying for their children’s lunches online with their credit card to avoid having to give their children money. Holy Cross [...]

POSTED ON October 6, 2009
Aussie share obsession cuts our wealth

Australians lost almost twice as much money during the global financial crisis as people in other countries according to the 2009 global wealth report, by [...]

POSTED ON October 6, 2009
Ten million online bankers

Almost 10 million Australians visited their online internet bank each week, but more visit and spend much more time on social networking sites such as [...]

POSTED ON October 6, 2009
Less competition in banking

National Australia Bank yesterday acknowledged to a senate committee hearing in Melbourne that banking consumers' choices had narrowed in the past year. “I think it's [...]

POSTED ON October 6, 2009
Auction continue to deliver results

There were only 171 auctions listed in Sydney on the October long weekend but the clearance rate improved to 72.5 per cent from 62 per [...]

POSTED ON October 6, 2009
Competition returning to mortgage market

NAB, ANZ and second tier lenders all managed to claw back mortgage market share in August. ANZ said they have improved turnaround times on mortgage [...]

POSTED ON October 2, 2009
Borrowers head to Commonwealth in August

The growth story in the loan market remains that of Commonwealth Bank, which lifted its lending by 1.2 per cent over the month of August [...]

POSTED ON October 2, 2009
200,000 Ford car loans sold to Macquarie

Macquarie Leasing will take over the servicing of the Ford loans by January 2010. The portfolio covers around 200,000 vehicles and adds to the bank’s [...]

POSTED ON October 2, 2009
Savings tax to be slashed

The federal government’s Henry review into taxation is set to recommend that tax on savings should be slashed. Ken Henry said yesterday that a middle [...]

POSTED ON October 2, 2009
Savers want good rates and no fees

Bank customers are fed up with fees on savings accounts and want to be rewarded with higher rates for saving regularly, according to a new [...]

POSTED ON October 2, 2009
RaboPlus to launch bonus saver account

RaboPlus will add a bonus saver account to its product portfolio to be launched next week. It will pay five per cent interest to customers [...]

POSTED ON October 2, 2009
Banks deny rate rise plans

Speculation is continuing that the big banks are planning to raise interest rates on variable rate mortgages independently of the Reserve Bank. Banks are continuing [...]

POSTED ON October 2, 2009
Grants cut down but sales to hold up

First home buyers of new homes will be entitled to $14,000 of federal government assistance from today, October 1, down from the $21,000 grant paid [...]

POSTED ON October 1, 2009
ME’s Online Savings Account ahead of the pack

ME Bank’s Online Savings Account has won the Australian Financial Review Smart Investor Blue Ribbon Awards 2009, Overall Savings Account Category. Savings products from over [...]

POSTED ON October 1, 2009
InfoChoice more popular than ever

Traffic to the InfoChoice website has grown 56 per cent from January to June 2009. InfoChoice.com.au remains Australia’s most popular banking product comparison website as [...]

POSTED ON August 31, 2009
50,000 seek hardship relief

More than fifty thousand Australian households have been given hardship relief by major banks in the past year. Westpac, St George, ANZ, National Australia Bank, [...]

POSTED ON August 31, 2009
Government checks up on bank rate rises

Sources within the major banks say the federal Treasury rang around all major banks last week to check on rumours that they are planning on [...]

POSTED ON August 31, 2009
Be prepared for higher rates says RBA

Homebuyers have to be prepared for higher interest rates says the governor of the Reserve bank, Glenn Stevens. Stevens told a parliamentary hearing that rate [...]

POSTED ON August 17, 2009
CBA gets into net payments

Commonwealth Bank has entered the market for online payments platforms with the launch of its eVolve platform for small and medium businesses. The CBA system [...]

POSTED ON April 29, 2009
Qantas frequent flyer deadline looms

Members of the Qantas Frequent Flyer card rewards program have until the end of March to nominate whether they want to transfer their points from [...]

POSTED ON March 6, 2009
Time to get to know your free ATMs

Customers will need to know how to locate free ATMs after changes to ATM charging start tomorrow says the Australian Bankers Association. If customers use [...]

POSTED ON March 2, 2009
ATM fees: Do you wish to continue?

From tomorrow ATMs not owned by the card holder's bank will display a message before a withdrawal transaction is completed. "The owner of this terminal [...]

POSTED ON March 2, 2009
Bankwest customers get CBA ATMs

Bankwest customers will be able to use the CBA's 3,300 ATMs without being charged ATM fees from March 1. Likewise, CBA customers will be able [...]

POSTED ON February 26, 2009
PayPal told to freeze fees

PayPal will freeze fee for merchants trading through the eBay Australia website for a period of two years, the Reserve Bank of Australia disclosed yesterday [...]

POSTED ON February 25, 2009
No more big rate cuts

The Reserve Bank governor has signalled that the central bank may wait and see the impact of recent rate cuts before making any new big [...]

POSTED ON February 24, 2009
St George still favourite bank for business

Almost eighty per cent of business banking customers are satisfied with their main bank according to TNS Communications, but satisfaction levels seem to have plateaued. [...]

POSTED ON February 24, 2009
Depositors face new ATM fees

At present a typical consumer faces the chance that 75 per cent or more of ATMs they might want to use belongs to someone else, [...]

POSTED ON February 24, 2009
ATM fee free networks emerge

Westpac, Cashcard and credit union and building societies are striking agreements with owners of small ATM fleets - mainly small banks - and working out [...]

POSTED ON February 24, 2009
CBA, Citi grant fee relief to ATM customers

Commonwealth Bank and Citibank say they will not charge their customers foreign ATM fees when the new direct charging regime begins on the 2nd of [...]

POSTED ON February 23, 2009
Aussie banks rake in profits

Westpac is the world's most profitable bank according to a global survey by Boston Consulting Group. Westpac delivered a return on equity of 20.4 per [...]

POSTED ON February 20, 2009
RediATM network set for expansion

The RediATM network of 1,400 machines owned and operated by CUSCAL, a provider of financial services mainly to credit unions, plans to double in size [...]

POSTED ON February 20, 2009
Card holders like mobile phone payments

Shoppers and merchants have delivered good feedback on the mobile phone based contactless payments system recently trialled in the Docklands area of Melbourne. The trial, [...]

POSTED ON February 19, 2009
Half per cent rate cut for March

Market expectations of a 0.5 per cent rate cut firmed yesterday to a 100 per cent certainty after the release of the Reserve bank Board [...]

POSTED ON February 18, 2009
$5 ATM fees coming

NAB, Westpac, ANZ and St George have all confirmed that they will be charging customers who use ATMs owned by their competitors a 'disloyalty' fee. [...]

POSTED ON February 16, 2009
Rate cuts fund NAB’s californian weekend

Twenty five senior National Australia Bank executives have flown to San Francisco for a leadership weekend to prepare for CEO Cameron Clyne's major strategy briefing [...]

POSTED ON February 13, 2009
Big credit union passes on rate cut

Following the one per cent reduction in the official cash rate announced by the Reserve Bank of Australia (RBA) on Tuesday, Credit Union Australia can [...]

POSTED ON February 13, 2009
CBA needs to keep future rate cuts

The Commonwealth Bank has signalled that it may not pass on in full to borrowers any future rate cuts delivered by the Reserve Bank of [...]

POSTED ON February 12, 2009
ATM fees to go up

ATM fees will rise under the new direct charging regime to be introduced by the RBA in March. CashCard, the biggest independent ATM fleet operator [...]

POSTED ON February 10, 2009
No more big rate cuts

A slightly improved economic outlook for Australia has caused many analysts to revise their interest rate predictions. The Reserve Bank is now not expected to [...]

POSTED ON February 9, 2009
More rate cuts and more spending needed

Further deep cuts in interest rates are needed as well as more government spending to stimulate the economy the treasury secretary Ken Henry said yesterday. [...]

POSTED ON February 6, 2009
Westpac, NAB cut card rates

Westpac will reduce the interest rate on its' Altitude credit cards by one per cent from next Thursday. NAB will also lower rates on its [...]

POSTED ON February 5, 2009
Banks say maybe to future rate cuts

Major banks warned yesterday that they may not pass on the full amount of any future rate cuts. NAB's retail banking executive general manager Lisa [...]

POSTED ON February 5, 2009
BankWest & St George customers unhappy

Almost one quarter of all BankWest customers and St George customers report that they are less satisfied with their bank since it has been taken [...]

POSTED ON February 5, 2009