Zeller will also complement the transaction account with an app and dashboard, allowing companies to store, save, and manage funds online.

The debit cards come with built-in transaction and expense reporting, categorisation, and receipt uploads. 

The accounts will have no monthly fees or transaction fees.

Businesses are also set to gain near-instant access to transaction accounts and physical debit cards without ever entering a bank branch.

The Zeller debit card enables businesses to issue virtual or physical debit cards reportedly in less than 25 seconds for in-store and online business expenses.

For those businesses in need of a physical card, Zeller has exclusively partnered with Officeworks to offer its physical debit card in 167 outlets across the country.

While there will be a $15 upfront charge, the purchase price will be reimbursed back to the business owner’s Zeller account.

A recent Zeller survey of 545 Australian business owners found 91% feel their current bank is not meeting their needs.

Zeller co-founder and CEO Ben Pfisterer said Zeller aims to challenge the big four banks with a best-in-class alternative.

“The need for competition in the financial services sector is still very much unmet,” Mr Pfisterer said.

“Businesses across Australia will no longer have to piece together a patchwork of financial products from the incumbent banks and other providers to shape a solution that meets the needs of their business.”

Founded in 2021, Zeller already has 30,000 business customers and claims the move would double its addressable market.

Zeller small business transaction account explained

With Zeller’s new financial services solutions, businesses can: 

  • Create an account in a matter of minutes with no lock-in contracts
  • Manage your finances better with powerful features, reporting, and business analytics through the free app
  • Transfer funds to and from your transaction account with real-time settlement
  • See every invoice, transaction, transfer, payment, and settlement in one place

On sign-up, users will be granted a business transaction account instantly - complete with its own BSB and account number.


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Need somewhere to store cash and earn interest? The table below features savings accounts with some of the highest interest rates on the market.

Update resultsUpdate
BankSavings AccountBase Interest Rate Max Interest Rate Total Interest Earned Introductory Term Minimum Amount Maximum Amount Minimum Monthly Deposit Minimum Opening Deposit ATM Access Joint Application TagsFeaturesLinkCompare
4.40% p.a.
5.75% p.a.
Intro rate for 4 months
then 4.40% p.a.
$289
4 months
$0
$250,000
$0
$0
Featured
  • Bonus rate for the first 4 months from account opening
  • No account keeping fees
  • No minimum balance
1.20% p.a.
Bonus rate of 4.20%
Conditions apply.
5.40% p.a.
$271
$0
$250,000
$1,000
$0
4.75% p.a.
5.35% p.a.
Intro rate for 4 months
then 4.75% p.a.
$269
4 months
$0
$249,999
$0
$0
Featured
  • A high-interest online savings account with no monthly fees, easy withdrawals and award-winning digital banking
  • No withdrawal notice periods or interest rate penalties
  • Save up to 10% on eGift cards at over 50 retailers with Macquarie Marketplace
Bonus rate of 5.50%
Conditions apply.
5.50% p.a.
$276
$0
$100,000
$0
$0
Featured *Rate varies on savings amount
  • Deposit $500 per month to get bonus interest
  • 5.50% p.a. available on total savings up to $100k.
  • 5.00% p.a. applies to savings between $100k-250K.
  • Tiered bonus rates apply. (TMDs at ubank.com.au)
Important Information and Comparison Rate Warning

All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here. Rates correct as of . View disclaimer.

Image provided by Zeller





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