What is a BSB number?
Home > Guides to grow your business > Business Banking Insights What is a BSB number? Last updated: 5 March 2025 When making payments to an Australian bank account, you’ll be given a BSB number and an account number. Here’s what BSB stands for and why they’re needed for payments. A BSB, or Bank State […]
What is a forward contract?
Home > Guides to grow your business > Business Banking Insights What is a forward contract? Last updated: 27.12.2024 Discover how you can fix exchange rates with forward contracts and protect your profit margins Open a World Account Key takeaways Forward contracts let you lock in exchange rates for a specific period of time, protecting […]
Taking a brand to a new market
Home > Guides to grow your business > Business Banking Insights Taking a brand to a new market Last updated: 20.12.2024 Learn how to tap into new markets and diversify your revenue. Open a World Account Key takeaways: Expanding into new markets helps diversify revenue and reduces dependence on a single economy Explore nearby regions […]
What is the mid-market exchange rate?
Home > Guides to grow your business > Business Banking Insights What is the mid-market exchange rate? Last updated: 19.12.2024 New to international transfers? Learn how mid-market rates can affect your transaction costs and profit margins Open a World Account Key takeaways The interbank or mid-market exchange rate is the rate banks and financial institutions […]
An SME’s guide to saving more on international transactions
Home > Guides to grow your business > Business Banking Insights An SME’s guide to saving more on international transactions Last updated: 09.12.2024 Discover the top ways to save more on international transfers and protect your profit margins Open a World Account Partner with a payment provider that offers low transaction fees and competitive exchange […]
Future-proof your business in 2025
Home > Guides to grow your business > Business Banking Insights Future-proof your business in 2025 Last updated: 05.12.2024 Learn how to tackle challenges and opportunities in 2025 with actionable advice and tips on international payments. Adapt your business to the year ahead. If 2024 was anything to go by, changes affecting the business environment […]
How to calculate exchange rates?
Home > Guides to grow your business > Business Banking Insights How to calculate exchange rates? Last updated: 02.12.2024 Learn how exchange rates work and how to calculate them Open a World Account Key takeaways An exchange rate is the rate at which one currency can be exchanged for another It tells you how many […]
Benefits of a business bank account
Home > Guides to grow your business > Business Banking Insights Benefits of a business bank account Last updated: 29.11.2024 Still on the fence about opening a business bank account? Take a look at its top benefits. Open a World Account Key takeaways A business bank account keeps your finances organized, providing a clear view […]
How to open a business account in Australia
Home > Guides to grow your business > Business Banking Insights How to open a business account in Australia Last updated: 25.10.2024 Discover the step-by-step process of opening a business account in Australia Open a World Account Key takeaways A business account simplifies financial management for sole traders, SMEs, and established companies When opening a […]
How to compare business bank accounts?
Home > Guides to grow your business > Business Banking Insights How to compare business bank accounts? Last updated: 23.10.2024 Confused about choosing a business account? Take a look at the top factors you should consider Key takeaways Look into the fees charged by the business account for sending, receiving, and holding funds Find a provider […]
