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Internet Business Banking Review

Internet business banking has quickly become an indispensable tool for small business operators. We can keep up to date with the cash flow position of the business on a daily basis. Efficiently processing bill payments on line saves huge amounts of time.

In New Zealand, we have readily adopted both the internet and business banking on-line. All the banks promote their on-line services on a 'you-can-do-whatever-you-need-to-do' basis. They give the impression that there's nothing that their bank's on-line service can't or won't offer. In fact, there are significant differences in the various packages and platforms offered by the various banks. Depending on the exact nature of your business, using the right internet business banking service can have a significant impact on your business productivity.

Important features to consider are: security, cut off times, setting up regular payees, the convenience and look and feel, limits on bill payments, and so on. Depending on the nature of your business, one platform may suit better than another. We have experience of most of the New Zealand internet banking platforms first hand, and will review each one from the small business person's perspective.

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