Commonwealth Bank is supporting businesses to manage the increased cost pressures of running a business through exclusive pricing and savings on internet and phone plans.
In partnership with local telecom provider More, eligible CBA business customers can receive 30% off their business phone and nbn bill for twelve months . Customers who sign up for a 24-month contract will also receive free phone hardware and an nbn modem, saving them an average of $2,300 per year.
CommBank retail customers can also access an exclusive 30 per cent off More nbn plans for the first 12 months when they sign up using their CommBank credit or debit card as their bill payment method.
“We know businesses are experiencing increased costs for essential products, services and materials than they were a year ago,” says CBA’s Executive General Manager, Small Business Banking, Clare Morgan.
“We want to support our business customers, and are pleased to be able to work with innovative partners like More to provide savings on every day costs such as internet and phone plans.”
Recent CBA research shows one third of Australians (33%) were looking for cheaper providers for utilities to help manage costs. Additionally, recent ABS data shows almost half of businesses (46%) experienced increased operating expenses in June over the previous month, compared to 21% of businesses in June 2021. When considering the month ahead, 44% of businesses expect operating expenses to increase.