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CBA announces small business support program

CBA announces small business support program
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The new scheme will help support hundreds of thousands of small businesses across the country.

CBA has announced a customer recognition program to support small businesses.

The CommBank Yello for Business provides the following incentives for eligible sole proprietor and single director corporate customers:

  • Discounted pricing on More Business nbn®, SIM-only mobile and business phone systems for 12 months when paying with your CommBank debit or credit card.
  • Various discounts on Nine Ad Manager orders (minimum spend applies).
  • Exclusive pricing on all Samsung products via the Samsung portal for CommBank Yello for Business.
  • Twenty per cent off BioPak-certified compostable food packaging (for new BioPak customers only).
  • Twenty per cent off equipment hire with Kennards Hire (applicable to general hire products only).
  • Three months free for new Doshii customers, then 10 per cent off thereafter.
  • Various discounts on products from Workwear brands Hard Yakka, NNT, and KingGee (minimum spend applies).

The benefits are only available to customers who hold a business transaction account with CBA. This will reportedly be accessible to over 340,000 small businesses.

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Eligibility criteria include:

  • Have an eligible CommBank business transaction account.
  • Complete five plus eligible outbound transactions each month from your eligible business transaction account.
  • Have an eligible business loan or finance product.

Those who aren’t a sole trader or single director will have to wait later in 2025 for access.

CBA recognised that tax implications may arise through receiving benefits. Small-business owners should speak to an accountant or tax adviser for more information.

CBA’s group executive business banking, Mike Vacy-Lyle, said: “It takes grit, determination and hard work to run a small business, particularly as a sole trader, but with some goods and services costing 20 per cent more today than five years ago, business owners are having to work harder and get even savvier when it comes to managing costs.

“We know that our customers count on us to be there for them, which is why we’re expanding our CommBank Yello for Business program to help more than 340,000 eligible small business customers across Australia access discounts and special deals from our partners.

“Through our customer recognition program, business owners can access a variety of offers ranging from discounted internet plans to better deals on equipment hire. No matter their industry, there’s an opportunity for business owners to unlock savings.”

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