Wrap up
Melita, the local Transaction Banking Specialist, has been contacted to discuss how Lachlan’s needs can best be met.
Click through the slides to discover how the story unfolds.
What we know
So far, we know that Lachlan requires an account for operational costs and that transactions are occurring monthly. Melita identified a transaction account as being the most suitable, and checked with Lachlan how much was typically held in one transaction account.

The right solution
Lachlan confirmed the amount to be held in the account would typically exceed $1m, and Melita therefore identified a Cheque Account Bearing Interest (CABI) as the most appropriate solution for Park Beach Aged Care, as the money is used on a regular basis to manage operational expenses.

Business needs met
Melita discussed the Cheque Account Bearing Interest features with Lachlan:
- Easy access
- Cost-effective
- Supports broad business needs.
Lachlan was pleased with this solution as it allowed him to manage the business need.
