Arc Business Loans Business Account For simpler cash flow
Keep your cash flowing and your business growing. Made to fit your business.
Ready to fit into the way you work.
No matter where you’re starting from or where you’re headed, our
Arc Business Loans Business Account will help to simplify your cash flow.
No hidden costs
Existing customers can easily open in minutes via the Arc Business Loans App, with no monthly fees.
Simple tools
Everything you need, with features made to fit your business.
Made to move
Keep track of your cash flow with real-time notifications for your money in and out.
Made to fit your business
Simplify your spending
Keep your business and personal expenses separate with your own Arc Business Loans Visa Business Debit Card. Plus withdraw cash from the ATM or link to Apple Pay or Google Pay.
Manage and pay bills easily
Stay organised and take charge of your bills with Bill Pay. Easily see when your next bill is coming up or due.
Accept payments with Tap to Pay
Skip the hardware and accept contactless payments into your Arc Business Loans Business Account with Tap to Pay on your device.
Let Xero do the heavy lifting
Automatically sync your transactions to Xero to save time, reduce accounting admin and ensure cash flow clarity.
Security controls
Easily freeze or unfreeze your card, report it lost or stolen, turn off contactless payments or change your PIN. Plus pay securely with Visa.
Funding at your fingertips
Get the support you need to grow your business. As a Business Account customer, easily apply through the Arc Business Loans App for a Business Loan or Line of Credit.
Apply if you're an existing Arc Business Loans customer
If you’re already with Arc Business Loans, you can apply for a Business Account by logging into the Arc Business Loan App.
New to Arc Business Loans? We’re working on some upgrades and will be welcoming new customers soon.
Common questions answered
General questions about the Arc Business Loans Business Account?
What are the key features of the Arc Business Loans Business Account?
The Arc Business Loans Business Account is simple, free and easy to use. Available on both web and mobile, it comes with no monthly fees and a range of handy features (with more coming soon).
- Deposit funds: With your BSB/Account Number.
- Make payments: Real time payments to other bank accounts, BPAY, and card payments.
- Arc Business Loans Business Visa Debit Card: Pay for goods in person and online with your Arc Business Loans Card.
- Manage your account 24/7 online: Access your account whenever and wherever it suits you.
- One view: Access your business cash flow all in one place
- Reporting: Download statements in PDF and CSV format.
And this is just to start! We’re working hard to deliver a range of additional features to help make running your business easier. Keep an eye out for new releases, and make sure to update your Arc Business Loans App when prompted to ensure you’re getting the best experience.
How do I access the Arc Business Loans Business Account?
You will first need to apply for and set up a Arc Business Loans Business Account. It only takes a few minutes, and you just need a valid ABN and Australian driver’s licence to apply.
Once your Arc Business Loans Business Account is created, you can access it via Arc Business Loans Online or on the Arc Business Loans App, which you can download via Google Play and the Apple App Store.
Your username and password to access your Arc Business Loans Business Account is the same for both Arc Business Loans Online and the Arc Business Loans App – it will be the email address and password you entered when setting up your account.
When you log into the Arc Business Loans App, you’ll need your email again and there will be a two-factor authentication for added security.
How do I add funds to my Arc Business Loans Business Account?
You can transfer funds to your Arc Business Loans Business Account using your account BSB and account number. Under your available balance on the Dashboard select Add funds and you will be able to copy your account details to your clipboard for easy funds transfers from other accounts.
How do I download my statements?
To download your statements via Arc Business Loans Online:
- Log into your account on Arc Business Loans Online
- Head to the Dashboard section
- Click on Statements
- Click the download button on the automatically generated statements in the Past statements section,
- Input dates under the Create summary section to generate a custom statement, and select PDF or CSV to download accordingly
To download your statements via the Arc Business Loans App:
- Log into your account on the Arc Business Loans App
- Head to the Dashboard
- Click on the Statements icon in the top right hand side of the dashboard
- In Statements, select Business Account from the drop-down list of products next to account name
- Click on the download button next to the automatically generated monthly statement you’d like to download or create and download a custom statement by clicking Create summary
How do I update my account information?
Updating your account information can be done on Arc Business Loans Online.
Go to Settings to change your Personal details. If you need to change your business details, please contact our Support Team on [email protected] or 1300 714 530 (9am to 6pm Mon-Fri AEST).
How much does the Arc Business Loans Business Account cost?
The Arc Business Loans Business Account is free to set up and use, with no monthly fees or minimum deposits. We will be introducing low-fee foreign exchange bank transfers as an optional service in the near future.
Is the Arc Business Loans Business Account available outside of Australia?
No. To apply for a Arc Business Loans Business Account, your business must be registered in Australia with a valid ABN, and you must be an Australian Citizen or Permanent Resident.
Questions about integrating a Arc Business Loans Business Account to Xero
How do I connect my Arc Business Loans Business Account to Xero?
You can connect your Business Account to Xero via your Prospa login.
Follow these simple steps to connect:
- Log into Arc Business Loans Online or the Arc Business Loans App
- Head to the settings page
- Click the ‘Connect to Xero’ button
- Sign into Xero and select the business to connect
- Follow the prompts to connect in minutes
You can tell whether you’ve successfully connected to Xero by checking the connection status in the settings page of Arc Business Loans Online or the Arc Business Loans App.
Once you connect your Business Account to Xero, the transaction data will be sent on every business day. Easy!
How do I disconnect my Arc Business Loans Business Account from Xero?
To disconnect your Business Account from Xero:
- Log into your account on Arc Business Loans Online or the Arc Business Loans App
- Head to the settings page
- Click ‘Manage connections’
- Untick the account to disconnect and click update
You can tell whether you’ve successfully disconnected Xero by checking the connection status in the settings page of Arc Business Loans Online or the Arc Business Loans App. Note that it can take up to 24 hours for the connection status to update.
How long will it take for my Arc Business Loans Business Account transactions to sync to Xero?
The transaction data will be sent on every business day. Please allow for up to 24 hours for new transactions from your Arc Business Loans Account to appear in Xero.
When I connect to Xero, how will my data be protected?
You can have peace of mind knowing your data is safeguarded with our safe and secure login. Plus, we have an encrypted connection.
Can I connect my Arc Business Loans Business Account to Xero on both Arc Business Loans Online and the Arc Business Loans App?
Yes, you can manage your connection to Xero via the Arc Business Loans App and Arc Business Loans Online.
What should I do if I get an error when connecting?
You can try to connect to Xero again or visit the Help Centre to troubleshoot.
If I don’t use Xero, what are my options?
If you use another accounting platform you can still export transactions by downloading your statements in CSV or PDF format and upload into other accounting software or provide to your accountant.
If I don’t have a Arc Business Loans Business Account, and instead have a Arc Business Loans lending product, can I connect my account to Xero?
This feature is not yet available for Arc Business Loans lending products but keep an eye out for when this becomes available. If you sign up to a Business Account and your loan repayments come out of this account, your transactions will sync to Xero.
