Swift and Seamless: Zeller's Game-Changing Move in Business Banking

In a display of agility and innovation, Zeller, an Australian fintech , has unveiled the Zeller Savings Account, an addition to its suite of financial offerings for businesses. This launch, executed in just 8 weeks from concept to market, sets a new benchmark in the Australian financial sector, underscoring Zeller's commitment to redefining business banking with speed and efficiency.

Ben Pfisterer, Zeller's CEO and co-founder, highlights the significance of this rapid development. The enthusiastic reception to their offerings reflects a strong market demand for smarter, more affordable, and innovative financial solutions.

The Zeller Savings Account is a testament to their team's dedication to rapid innovation, offering a comprehensive financial solution that adapts to the evolving needs of businesses.

In a move to fill the void left by others, especially in supporting small businesses, Zeller has accelerated its product development. This strategy has culminated in a series of launches, including Tap to Pay on iPhone, Virtual Terminal, Pay by Link, Corporate Cards, and now the Zeller Savings Account, all within the past five weeks.

Pfisterer points out that Zeller's agile, customer-centric products are a breath of fresh air compared to the slow-moving nature of traditional banks. Zeller is committed to supporting the growth of Australian small businesses and aims to bridge the service gaps left by the big four.

The Zeller Savings Account stands out with several key features:

  • Competitive Interest Rate: Initially offering a 2% p.a. rate for the first 60 days, followed by a standard variable rate of 1.4% p.a., Zeller's rates are notably higher than those offered by the big four Australian banks, which have been on a trend of decreasing interest rates.

  • Instant Access to Funds: Understanding the need for liquidity in businesses, Zeller allows immediate access to savings, empowering businesses to manage their cash flow effectively.

  • No Minimum Balance Requirement: Tailored for businesses of all sizes, the account does not demand a minimum balance, ensuring inclusivity and flexibility.

  • Effortless Sign-up Process: Zeller simplifies account opening, offering a one-click process for existing customers and a quick, paperless online registration for new ones, eliminating the need for a physical bank visit.

Zeller's latest move reiterates its position as a forward-thinking player in the financial sector, keen on delivering innovative solutions swiftly and efficiently.

The Zeller Savings Account is not just a new product; it's a bold statement in the landscape of business banking, challenging the status quo and setting new standards for what businesses can expect from their financial partners.