Business Accounts and Payment Services

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Business Accounts and Payment Services Business Accounts and Payment Services Fees and charges and how to minimise them. Terms and conditions, and general information. Accounts no longer for sale. Effective: 13 September 2021 This booklet sets out the terms and conditions applying to our transaction and savings accounts listed in Part A for business customers. Part A: Fees and charges and how to minimise them ...................................................6 Business accounts: Features ����������������������������������������������������������������������������������������������������������������������������������������8 Business accounts: Everyday banking fees and charges ���������������������������������������������������������������������� 12 Different accounts have different features. The features that apply to our accounts are set out in Part A. Corporate accounts: Features �������������������������������������������������������������������������������������������������������������������������������� 24 Separate terms and conditions apply to other banking services we offer, Corporate accounts: Everyday banking fees and charges ��������������������������������������������������������������������� 26 such as Internet and Phone Banking, Business Banking Online, or any linked More about fees and charges that may apply to your account ����������������������������������������������������������� 33 business lending facility. This is only general information – it does not take your circumstances into account. Part B: Terms and conditions, and general information ...........................................40 Read this booklet carefully and consider which product is right for you before making a decision. Opening an account with us................................................................................................................42 1 Your account �������������������������������������������������������������������������������������������������������������������������������������������������������������� 42 If you would like to find out more, you can contact us at any time: 2 Identity information ����������������������������������������������������������������������������������������������������������������������������������������������� 42 Call us on 133 800. 3 Joint accounts ���������������������������������������������������������������������������������������������������������������������������������������������������������� 42 Visit stgeorge.com.au 4 Tax file numbers (TFNs) �������������������������������������������������������������������������������������������������������������������������������������� 43 Visit one of our branches. 5 Foreign tax residents ������������������������������������������������������������������������������������������������������������������������������������������� 43 6 Eligibility criteria������������������������������������������������������������������������������������������������������������������������������������������������������ 44 7 Interest we pay to you ����������������������������������������������������������������������������������������������������������������������������������������� 44 3 Banking with us .......................................................................................................................................45 Commitments we make to each other ............................................................................................57 8 Deposits and withdrawals ��������������������������������������������������������������������������������������������������������������������������������� 45 25 We will act reasonably ����������������������������������������������������������������������������������������������������������������������������������������� 57 9 Electronic access savings accounts ��������������������������������������������������������������������������������������������������������� 46 26 We will comply with industry codes of conduct ���������������������������������������������������������������������������������� 58 10 Transactions in foreign currencies �������������������������������������������������������������������������������������������������������������� 46 27 Provisions prohibited by law ��������������������������������������������������������������������������������������������������������������������������� 58 11 Writing cheques ������������������������������������������������������������������������������������������������������������������������������������������������������� 47 28 Appropriate use of our services�������������������������������������������������������������������������������������������������������������������� 58 12 Periodical payments and direct debits ����������������������������������������������������������������������������������������������������� 49 Words with specific meanings ...........................................................................................................58 13 Authorising a person to operate your account ����������������������������������������������������������������������������������� 50 29 Definitions ������������������������������������������������������������������������������������������������������������������������������������������������������������������� 58 14 Method of operation ��������������������������������������������������������������������������������������������������������������������������������������������� 50 15 Statutory and industry trust accounts ����������������������������������������������������������������������������������������������������� 51 16 Electronic Lodgment Network Operators ��������������������������������������������������������������������������������������������� 51 Part C: General information ...............................................................................................61 17 Overdrawing ��������������������������������������������������������������������������������������������������������������������������������������������������������������� 52 Privacy and confidentiality ................................................................................................... 62 18 Adjusting debits and credits to your account �������������������������������������������������������������������������������������� 53 Amounts we may pay our staff and agents ......................................................................... 63 19 Our fees and charges ������������������������������������������������������������������������������������������������������������������������������������������ 54 Feedback and Complaints ................................................................................................... 64 20 Communications between you and us ������������������������������������������������������������������������������������������������������ 54 Australian Government’s Financial Claims Scheme ........................................................... 66 21 Statements ����������������������������������������������������������������������������������������������������������������������������������������������������������������� 54 Making changes ......................................................................................................................................55 22 We can make changes to these terms and conditions ������������������������������������������������������������������ 55 23 Restricting, suspending or closing your account������������������������������������������������������������������������������� 57 24 Account combination and set-off ���������������������������������������������������������������������������������������������������������������� 57 4 5 Part A: Fees and charges and how to minimise them 6 7 Part A: Fees and charges and how to minimise them Business accounts: Features Business Business Commercial Standard Umbrella Maximiser GST Money Business Commercial Investment Express Account Provision Market Standby Cheque Line of Loan Saver for Other Trust (without Account Account Account Account Credit1 Account1 Business Account overdraft) Electronic Business Business access Industry Savings Transaction Savings Transaction Lending Lending savings Trust Transaction Account features Account Account Account Account Facility Facility account Account Account Fee-free everyday business banking allowances Eligibility criteria Clause 6�1 NA NA NA NA Subject Subject NA Organisations NA to credit to credit required to approval approval maintain an industry trust account Interest paid Clause 7 Quarterly Monthly Monthly Monthly Monthly Quarterly Monthly Monthly (where the balance does not fall below $50,000 in a month) Statements Clause 21 Monthly Monthly Monthly At least every Monthly Monthly At least every Monthly At least every six months six months six months Overdraft option1 1� Additional conditions, fees and credit criteria apply to business overdraft facilities� These are set out in the terms and conditions that apply to your overdraft� 8 9 Part A: Fees and charges and how to minimise them Business Business Commercial Standard Umbrella Maximiser GST Money Business Commercial Investment Express Account Provision Market Standby Cheque Line of Loan Saver for Other Trust (without Account Account Account Account Credit1 Account1 Business Account overdraft) Linked transaction account Clause 9 Not required Not required Not required Not required Not required Not required Required Not required Not required SMS and email alerts Internet banking Phone banking
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