CBA offers businesses savings on internet, phone and hardware

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 per cent off their business phone and nbn^TM bill for twelve months ¹. Customers who sign up for a 24 month contract will also receive free phone hardware and an nbn^TM modem, saving them an average of $2,300 per year.² 

Recent CBA research shows one third of Australians (33 per cent) were looking for cheaper providers for utilities to help manage costs³. Additionally, recent ABS data ⁴ shows almost half of businesses (46 per cent) experienced increased operating expenses in June over the previous month, compared to 21 per cent of businesses in June 2021. When considering the month ahead, 44 per cent of businesses expect operating expenses to increase.

CBA's Executive General Manager, Small Business Banking, Clare Morgan, said: “We know businesses are experiencing increased costs for essential products, services and materials than they were a year ago. 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.”

More's Co-founder, Andrew Branson, said: “We are thrilled to partner with CBA to provide meaningful savings and better value for money to customers as they deal with the rising costs of doing business. This is in addition to another exclusive CBA offer, where eligible home loan customers can get free internet for three years.”

The More partnership complements CBA’s growing suite of digital services and experiences to help business customers start, run and grow their business. This includes access to CBA’s Cash Flow and Daily IQ insights tools that provide free and tailored prompts and insights to help optimise cash flow, enhance performance and understand their own customer behaviour.

“It’s been fantastic to see more than 30,000 customers use our Business Cash Flow insights tool in the CommBank app since it launched in March this year. We know businesses are looking for seamless and innovative digital experiences, as well as insights, so we’re continually updating our digital tools, or partnering with other providers where it makes sense, to deliver the best experience for our customers,” said Ms Morgan.

CommBank retail customers can also access an exclusive 30 per cent off More nbn^TM plans for the first 12 months when they sign up using their CommBank credit or debit card as their bill payment method.

For more on the nbn offers available to CBA customers, visit here. For more information on local telecom provider More, visit their website. 

¹ Offer of 30% off More business nbn™ plan fees or business phone plan fees for 12 months is for customers who sign up to either a 24 month contract or no contract option by 31 December 2022 and use a CommBank Debit or Credit card as their bill payment method. Offer applies individually to each eligible service activated by this date. Offer does not apply to other More services, including business mobile plans, Business Ethernet, Enterprise Ethernet NBN or Business Fibre 1000. Offer cannot be used in conjunction with any other offers or discounts. 12 months is a promotional period commencing on the day your eligible service is activated. After this, the cost of your plan will revert to the Recommended Retail Price (RRP), which is subject to change and available on the More website. Offer applies to monthly plan fees only and does not apply to any hardware charges not included in the plan, hardware installation charges, nbn™ New Development Fee or New Copper Pair charges or any fees for services or usage outside of plan inclusions.

² If you take up a 24-month business nbn™ plan or business phone plan, you will receive a modem and/or handset(s) (as applicable) at no additional cost if you maintain your service for the full 24 month contract period. Supplied hardware is subject to change, see the More website for current information.   If you cancel your service before the end of your 24 month contract, you will incur a $220 (inc. GST) early termination fee. Additionally, you will be charged a hardware non-return fee if supplied hardware is not returned to More within 30 days of early service cancellation. More will provide you with a summary of the fees and charges payable by you at the time of cancelation and information on how, where and by what method to return the hardware.Total estimated savings on a business with 2 advanced handsets and 3 desktop or cordless handsets, plus the Business modem with 1 satellite and XXL NBN. The estimated savings calculations was undertaken by More. The Commonwealth Bank do not accept any liability for loss or damage arising out of the misrepresentation from savings calculations.

If you sign up, More will be your service provider for your business nbn™ or phone and will handle all technical enquiries, support, complaints and servicing. The provision of your business nbn™ and/or phone service will be subject to More’s standard terms of service and policies, which are available on the More website. CommBank reserve the right to remove this offer at any time.

More is a partner of CommBank. You should read More’s customer policies before making any decision about their service. By clicking on any links directing to the More website and commencing the sign-up process, More will collect and handle your personal information under its collection notices and privacy policy as outlined on its website.

To contact us, please visit the Contact Us section of our website. To see how we protect your information, view our Privacy Policy

³ The survey was conducted by the House of Brand Group, with fieldwork conducted between 16/04/2022-21/04/2022, amongst a sample of n=1,072 nationally representative respondents with quotas set on age, gender and location.

⁴  ABS June 22 https://www.abs.gov.au/statistics/economy/business-indicators/business-conditions-and-sentiments/jun-2022

About More: More is a premium, future-focused provider of nbn™, phone and mobile services to homes and businesses across Australia. Proudly Australian-owned with a head office in South Melbourne, More’s carbon-neutral workforce includes some of the most experienced nbn™ and telecommunications specialists in the industry. More are also proudly part-owned by Commonwealth Bank, having recently announced a new strategic partnership that will unlock special benefits for CommBank customers and see the integration of More’s nbn™ services with the CommBank app over time, giving customers the ability to self-manage their internet and phone plans. The More team are passionate about providing Australians with the very best internet and mobile connections to make their home life and business run as smoothly as possible.

Things you should know:

Media releases are prepared without considering an individual readers objectives, financial situation or needs. Readers should consider the appropriateness to their circumstances. Visit Important Information to access Product Disclosure Statements or Terms and Conditions which are currently available electronically for products of the Commonwealth Bank Group, along with the relevant Financial Services Guide. Target Market Determinations are available here. Applications are subject to approval. Interest rates are correct at the time they are published and are subject to change. Fees, charges and eligibility criteria may apply.

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