Zeller is delivering new financial services products, offering a free, standalone transaction account and debit card, adding to the existing Zeller EFTPOS Terminal currently available.

The new Zeller Transaction Account allows businesses to store, save, and manage funds online. Businesses can create a Zeller Transaction Account more than 14 times faster than the fastest of the big four banks. The Zeller Debit Card enables businesses to issue virtual or physical debit cards in under 25 seconds for in-store and online business expenses, to better understand where and how employees are spending.

New account and card products can be managed from the Zeller app, where business owners can create accounts, issue cards, and access detailed financial reports and insights from their device. 

“The need for competition in the financial services sector is still unmet. We are proud to support over 30,000 face-to-face businesses in under two years and are excited to expand our customer base to include any Australian business seeking a standalone business transaction account, debit card or online invoicing solution as a best-in-class alternative to the big four banks,” Zeller co-founder and CEO, Ben Pfisterer said.

“Businesses across Australia will no longer have to piece together a patchwork of financial products from the incumbent banks and other providers to shape a solution that meets the needs of their business. Beyond the inconvenience of disparate, disconnected software, at least 65% of Australian business owners surveyed do not feel supported by their traditional bank. Zeller will continue to expand its offering to support even more of the needs of business owners so they can transition all of their financial services to Zeller.”

Zeller has exclusively partnered with Officeworks to offer an industry-first distribution channel enabling customers to purchase Zeller Debit Card in Officeworks stores and online for $15. The purchase price is then credited back to the business owner’s Zeller Account.

“Small business customers come to Officeworks to help them start, run and grow their business. We are excited to support the launch of the new Zeller Debit Card, which will be available online and in our 167 stores across the country. The new debit card is another way we can provide essential products and services to small businesses which make an essential contribution to the local communities where we live and work,” Officeworks general manager of merchandise, Jim Berndelis said.