Make payments instantly
Send and receive funds, make payments with BPAY or schedule future payments and pay using your Prospa Visa Business Debit Card.
Use your Prospa Visa Business Debit Card to pay wherever Visa is accepted, including overseas. Plus, withdraw cash from the ATM.
Apple Pay & Google Pay
Link your Prospa Visa Business Debit Card to Apple Pay or Google Pay to start making payments even before your card arrives in the mail.
Made to move
Whether you’re using the Prospa App or Prospa Online, you’ll have the same great account experience, 24/7.
The owners or directors can apply and open up a business account with Prospa, and as it is being used primarily for business purposes, a valid, registered ABN will be required to get started. After entering these details, we’ll need some personal information such as your driver’s licence details. We’ll open your account and send you the details when these are supplied. From then, you can log in to your accounts, make your first deposits, and set up any regular transfers or payments.
What are the different types of business accounts?
If you’re after an online business account to get started because you’re operating a new venture, you may prefer a business account that has no monthly fees and no minimum balance. At Prospa, our online business account has been tailored to suit many small businesses and newly established ones. We have removed many of the costly obstacles you’ll find with some traditional business accounts. When you open a business account online with Prospa, you’ll receive 24/7 access to your account and have our customer service team on call whenever you need them.
When looking at all the available options, you may see many different types of accounts available. Some business accounts will have high annual or monthly fees, but these accounts are usually limited to businesses that complete many transactions in a month. These accounts are commonly known as corporate accounts, and you’ll usually need a minimum balance to open them. For a basic business account, you usually won’t make use of a lot of the services offered by these types of accounts, for example, if you don’t regularly deposit cash or need branch assistance for your deposits and withdrawals.
At Prospa, our small business account can provide you with all the necessary features to help you keep track of your finances so you can focus on growth. You lower your risk when you transact online because all transactions are handled in a secure, electronic environment. Our customer service team can take you through all the functions and benefits of your new account if you need help.
What should you look for in a business account?
What are the advantages of a business account?
Having a business account will also make completing your tax accounts simpler. If you use one account for your business and personal life, it can be challenging to remember what purchase was for what at tax time. You’ll also find that any fees or interest charges applied to your business account could be tax-deductible (speak to your accountant about this). With an online small business account, you can download all your financial transactions at the end of the year and provide these directly to your tax agent, which will save you (and them) time.
If you’d like to apply for small business loans, then having a business account is often a requirement, and it can help you understand your current financial position. Your business account and any loans can be linked, and this way, you’ll never miss any repayments. With separate accounts, you’ll find that your finances are easier to manage, and that includes any credit cards or other income.
For additional advice on how to open a business account online, you can speak to our customer service team and discuss your needs.
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|2023||The Adviser Magazine's Product of Choice: Non-Banks Survey||Winner, SME under $250K Loan of Choice|
|2023||The Adviser Magazine's Product of Choice: Non-Banks Survey||Winner, SME over $250K Loan of Choice|
|2023||Contact Centre Magazine||Winner, Top 100 Influencers in the Contact Centre Industry|
|2023||MFAA State Excellence Awards||Finalist, Business Development Manager Award – Lender & Support Service Provider|
|2023||LinkedIn Talent Awards||Winner, Best Employer Brand|