I need to setup a couple of bank accounts for discretionary trusts (with corporate trustees).
I use a Business Online Account from Peoples Choice Credit Union for some other trusts. This has:
which is perfect for an account that receives payments via transfers and pays all bills by transfers/BPAY. The only issue I have with it currently is the online banking is a bit basic (not as nice as the major banks), getting things like bank cheques is a bit difficult and I would ideally like an account that provides a bank feed to accounting services (like Xero) - which the major banks do.
Does anyone know of anything better out there currently for a trust (with corporate trustee)? These accounts would typically have less than 10 transactions a month.
Regards,
Jason
I use a Business Online Account from Peoples Choice Credit Union for some other trusts. This has:
- No account fees
- Unlimited BPAY and direct debits
- Unlimited internet transfers
- No branch access (or ATM access - although can create a Business Access account for this and transfer between the two)
- Pays 2.75% interest on values over $5k (2% on below $5k)
which is perfect for an account that receives payments via transfers and pays all bills by transfers/BPAY. The only issue I have with it currently is the online banking is a bit basic (not as nice as the major banks), getting things like bank cheques is a bit difficult and I would ideally like an account that provides a bank feed to accounting services (like Xero) - which the major banks do.
Does anyone know of anything better out there currently for a trust (with corporate trustee)? These accounts would typically have less than 10 transactions a month.
Regards,
Jason