CBA: Records surge in millennials opening business accounts

Australia’s leading provider of financial services including retail, premium, business, and institutional banking, funds management
New research from CBA found the number of millennial small business owners on the rise, with many young Australians
The number of new CBA Business Transaction Accounts surged 36 per cent over the past six months
Millennials accounted for 57 per cent of all new business accounts in the last 6 months up from 43 per cent in 2015
The average age of those opening a CBA Business Transaction Account 38 years, in comparison with 44 years in 2015
CommBank Neo Business provides small business customers with up to $3,000 of credit, with no interest payments, no late payments