What’s your best online business banking option?

Most United States businesses now use online banking to track their finances and manage their payments. Whether you’re receiving money or sending money, paper-based processes like cheques, printed statements and invoices slows down your cash flow.

Moving to electronic documents makes your business more efficient, saving you time and effort.

Your two online banking choices with ABC Bank

Internet banking

• ABC Bank’s feature-rich online banking platform
• Designed for individuals – you can’t share or delegate access
• Handles day-to-day banking for small businesses
• Supported by the ABC Bank Mobile app
• No monthly fees

Business Internet banking

• Online banking for organisations
• Designed for multiple users – you can share your banking access, with controls
• Can suit any sized business
• Supported by the ABC Bank Business Mobile app
• Fixed monthly fee

What is Business Internet banking?

you’re probably familiar with personal online banking systems like Internet banking. Business Internet banking is the online banking tool for organisations. It lets you do more, with more people.

Built for teams

Business Internet banking lets you give multiple users access to different banking tasks. You can give your staff or advisors their own log in and the appropriate level of access to your accounts.

You can decide what they can see, what they can do, and even if they can access your accounts after hours. For example:

• Your bookkeeper might be able to check transactions on your business account, but not your personal account. They might be able to set up payments to suppliers, but only you can authorise them.
• You may have an entire finance department, with specialists doing all sorts of roles, each with the right level of access to do their job, but without having the keys to your account.

You can have an unlimited number of users, all covered by your one fixed monthly fee. There are no per-user charges.

Built for doing more

You can create a schedule of payments and authorise them in one go. You can import your payment schedule like an online spreadsheet, adding to it as required, until it’s time to authorise and send it.

You can tailor daily account and user limits for your outward payments to suit your needs.

You can save an unlimited number of payees, and sort them into different groups and even different restricted categories.

You can manage company credit cards, with visibility of all ABC Bank credit cards, their balances and transactions. You can even use Card Manager, exclusive to Business Internet banking users, to change individual card limits or cancel a particular card in real time.

You can also get early warning on your accounts, with email or mobile text alerts.

• If your balance goes over or below a specific amount
• If you make a payment
• When you receive payments
• If a scheduled payment fails due to lack of funds

Not everyone needs Business Internet banking. Internet banking is the most popular choice with small businesses, because it’s familiar, simple and free. You probably don’t need Business Internet banking if:

• You only need a one-to-sign account
• You or your business partners are the only people who do the banking
• You make less than 50 payments each month
• You don’t need to delegate your banking
• You don’t need to pay more than $100,000 in any one day