Find out who can open a Business Account and how to complete the process in Shift Online. You can also learn which product documents to review before opening your account.
Who can open a Business Account?
Right now, the Business Account is only available to a small group of existing Shift customers.
You’ll receive an email and SMS from us if you’re eligible to open a Business Account. You’ll also see an option to open it when you log in to Shift Online. The Business Account will become available to other eligible customers in the future, and we’ll update our website when this occurs.
How do I open a Business Account?
Log in to Shift Online. If you’re eligible, the Business Account will appear on your home dashboard as a new product option. Select it to review the product information and documents, accept the relevant terms and complete the prompts.
Do I need to be credit assessed to open a Business Account?
No. Credit assessment is not required to open a Business Account. We recommend seeking financial advice and considering the Product Disclosure Statement (PDS) before deciding whether the product is right for you. A Target Market Determination is also available, which defines the class of customers for whom the Business Account is likely to be consistent with their objectives, financial situation and needs.
Need assistance?
Our friendly team is here to assist you. Please contact us on 1300 249 649 from Monday to Friday (8:00am – 7:00pm AET) and Saturday (9:00am – 2:00pm AET) or email contact@shift.com.au.
Shift RE Services Ltd (ABN 52 692 646 049) (AFSL 700230) (“Shift”) is the Responsible Entity and issuer of the Shift Cash Management Trust (ARSN 701 319 486) (“Fund”), a registered managed investment scheme. This information is general advice only and does not take into account your objectives, financial situation or needs. Consider the Product Disclosure Statement, available on this page, before deciding whether the product is right for you.
The Business Account is an investment in the Fund. Credit balances are invested in the Fund and represented by units. It is not a bank account, deposit account, term deposit or other liability of any bank. Shift is not an authorised deposit-taking institution (ADI). The interest rate associated with the Business Account is variable and may change at any time at the sole discretion of Shift. Capital is not guaranteed and is subject to investment risk. The Fund is not covered by the Australian Government Financial Claims Scheme.