As an additional service for Dnister business members, our internet banking now has specialised features that will suit the needs of small to medium sized businesses. Known as 'batch transfers', these features have the ability to process a mixture of transactions at the one time. They can be a mixture of internal, external, BPAY, or even just an individual transaction.

Where a batch is created on an account which requires more than one signatory, the batch must be approved by the required number of signatories before it can be processed. A batch can be created by one signatory, but it will stay in a pending status until the second signatory logs in and applies the necessary authorisation. This makes for a more secure mode of banking for any business, and minimises the ability for anyone to transfer your funds without permission.

The different level of access which can be set for each signatory is as follows:

- Batch View Only: allows a signatory to view a batch only.
- Create & Update Only: allows for a signatory to create and update a batch but not approve or submit for processing.
- Create, Update & Approve: allows a signatory to create, update and approve a batch but not submit for processing.
- Full Access: allows a signatory to create, update, approve and submit a batch for processing.

The batch functionality also allows members to upload and process a 'cemtex' or direct entry batch which has been created in a member's accounting package (eg. MYOB or Quicken). This functionality is most ideal for accounts owned by businesses, groups, schools or organisations.

Sound good?

Does this sound like something that could benefit your business? If you wish to apply for business banking, contact one of our member service officers and they will send you the relevant forms to get you started. It's easier than you think!