| Key Features | |
|---|---|
| Interest rates |
View our interest rates Note: high interest is only payable on amounts over $10,000 |
| Minimum opening balance | No minimum |
| Funds available at call | Yes |
| Cheque book | No |
| EFTPOS/ATM Access Redicard | No |
| Internet & Phone Banking | Yes (account designed for electronic access only) |
| Direct Entry (Credit/Debit) | Yes |
| Interest Income | Calculated daily and paid monthly |
| Visa Debit Card Access | No |
| Over-the-counter transactions | No |
| BPAY® | Yes |
| Periodic Payments | No |
In addition to a Biz eAccess account, businesses should operate a Rediaccess account as a working account to manage receipts and payments.
In this case, if you require funds that are in your Biz eAccess account, you can transfer these to your working account then use the funds as normal. Or, when you receive income you can deposit it into your working account then transfer it into your Biz eAccess account.
Best of all - by linking the two accounts, the money will transfer instantly.