What is the difference between Business Online Saver & Society Cheque?

What is the difference between Business Online Saver & Society Cheque?

There are a number of account options available to Scout Groups.


Business Online Saver

An online business savings account that can help you manage cash flow & set aside money to gain interest

Features & benefits
  1. Instant access to your money: Access your funds at any time with unlimited transfers using online and phone banking
  2. Earn interest: Interest is calculated daily and paid monthly on the full balance when $10,000 or more is held in the account. No minimum deposit or withdrawals

Society Cheque

A transaction account for eligible not-for-profit and community organisations, and associations, and organisations that operate for the benefit of the wider community.


Features & benefit

  1. Save on fees: No over-the-counter and electronic transactions fees1so you can direct more funds to what matters most.

  2. No monthly account fees: No monthly account fee means one less expense and more money raised going towards those you’re helping

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