Welcome to. Product & Services Booklet

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1 Welcome to Product & Services Booklet

2 Welcome We are excited to welcome you to Bankstown City Unity Bank a bank that is member focused and strives to deliver exceptional service through innovative products, modern technology and convenience. This booklet is designed to assist you in making more informed decisions in regard to fi nancial products and services which are offered by Bankstown City Unity Bank. We are 100% owned by our members which means we are not answerable to fi nancial shareholders. Instead, we are able to return our surplus funds to our members in the form of great products, personal service and investment in our local communities. If you have any general enquiries about this booklet, or would like more information about any of our products, please contact our Member Service Centre on

3 24/7 Access Direct Charge FEE-FREE ATM Access Access to over 9,700 ATMs Australia wide 24/7. Use your VISA Debit card to check your balance, withdraw funds and change your PIN at any rediatm. rediatm (our preferred ATM network) Look out for your nearest rediatm, there are over 3,000 machines Australia wide. rediatms will not charge Bankstown City Unity Bank members the Direct Charge fee. Cashcard ATMs If you can t fi nd a rediatm, then there is bound to be a Cashcard ATM near you. There are over 5,500 machines located Australia wide in clubs, retail outlets, hotels and newsagents. NAB Bank ATMs National Australia Bank (NAB) are now part of our Direct Charge Fee-Free network. There are over 1,200 NAB ATMs across Australia. To fi nd your nearest Direct Charge Fee-Free ATM visit bcub.com.au 2

4 Banking Anywhere, Anytime Internet and phone banking provides secure access to your accounts 24 hours a day, seven days a week at your convenience whether you are at home or abroad. Banking App We are thrilled to announce the launch of the new and improved banking app! With an abundance of new features, banking with our app has never been quicker, easier or more secure. Now available for ios and Android smartphones. Mobile Banking Mobile banking, ATM locations, contact details, it s all at your fi ngertips using our FREE mobile banking facility. Mobile banking lets you bank from the convenience of your mobile phone anywhere, anytime. Access your balances or transactions easily, instantly and securely using your mobile phone. Android / Apple Pay The convenience of a mobile wallet is now in your hands. Now you can tap and pay with your phone. Download and add your Bankstown City Unity Bank VISA card to start making simple, secure purchases today. 3

5 4 Unity Bank Product Book 2017

6 24/7 Access Debit and Credit Cards VISA Debit Card Linked to your Access Savings Account, use your own money and still get the worldwide convenience wherever VISA is accepted. We can also arrange the safety net of an overdraft facility. VISA Credit Card Our VISA Credit Card rewards you with the lowest possible interest rate. It also offers you an interest free period of up to 55 days on every new purchase, saving you money. Plus you get: A special interest rate for the fi rst six months No annual fee for the fi rst year Additional cardholder s card at no charge. 5

7 A loan for every need Home Loans Our home loans are available for owner occupiers, investors or to refi nance your current loan from another fi nancial institution. Our First Rate Home Loan has no gimmicks, just a straightforward variable rate that allows you to own your home sooner. There are no ongoing account keeping fees and no early repayment penalties. You can make the repayments weekly, fortnightly or monthly, it s your choice. Our All in One Home Loan offers greater fl exibility with a complete range of features and a highly competitive variable interest rate. This product ticks all the boxes: 100% interest offset facility NO annual fee on VISA credit card Discount on home & contents and building insurance 0.25% p.a. bonus interest on term deposits EXTRA FREE monthly transactions No monthly account keeping or service fees Access to our Premium Rate for personal loans. Our Fixed Rate Home Loan gives you peace of mind knowing that your repayments will stay the same during the fi xed period. Our competitive fi xed rate terms are available for 1, 2, 3 and 5 years and come with a number of optional extras including: Rate Lock Option (you can choose to lock in the rate at the time of application) Split Option (have part of your loan fi xed and the rest variable). 6

8 Our First Home Buyers Loan is designed to help you purchase your fi rst property. We ll lend up to 95% of the value of the property and will give you a special reduced rate on the property valuation and legal costs. This loan is only available to applicants who are eligible for the First Home Owners Grant scheme. Our Home Equity Line of Credit allows you to borrow against the value of your home for almost any worthwhile purpose: buying shares, getting a deposit on an investment property, building an extension, even taking a holiday. Our Interest Only Loan allows you to repay only the interest on the amount of your loan for a set term of the loan, ideal for any borrower. This option is great if you intend to build or occupy the property and renovate the lower repayments mean you have more to spend on the renovations. All of our variable Home Loans come with exclusive benefits: FREE redraw facility NO early payout penalties Make extra repayments whenever you like Fast approval. 7

9 A loan for every need Choose Your Home Loan A full list of features and benefi ts. FEATURES ALL IN ONE REWARDS ALL IN ONE Why choose this loan? A fantastic solution for all your property needs Complete fl exibility with a full range of features Unlimited extra repayments Free redraw 100% interest offset facility No monthly or annual fees Discount on Personal and Car loans No annual credit card fee Discount on Home Building & Contents Insurance 8

10 FIRST RATE TIDE YOU OVER FIXED RATE Great ongoing variable interest rate For when you need just a little extra Lock in your great rate 9

11 A loan for every need Personal Loans Our Personal Loans offer superior value and can be used for just about anything worthwhile. Something for the house, a boat or a caravan, renovating or landscaping, even a holiday or just consolidating your debts. It s all possible with our Personal Loans. You can borrow from as little as $2,000 with fl exible repayment options to suit your needs. Car Loans We offer fi xed or variable loans for new or used cars up to 3 years old. Talk to us in advance of buying your car and we will pre-approve the loan to help you negotiate a better deal. Savings Account Overdraft Think of your Savings Account Overdraft as your fi nancial safety net. It s linked to your Access Savings Account, and you can access the funds just as you would access your Savings Account. An overdraft can help you reduce the possibility of bounced cheques or rejected transactions and is particularly useful if your pay varies from week to week. You pay no interest on your overdraft until you use it, and then only on the portion you use. It s like having a pre-approved loan ready and waiting. Special Purpose Loans The range of Special Purpose Loans consist of reverse mortgages, loans for the self employed, commercial loans and vehicle and equipment leasing. These Special Purpose Loans are provided by trusted associate companies. However for your peace of mind, your point of contact will always be us, thus ensuring that you receive the standard of service we are well known for. 10

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13 Savings and investment accounts Access Savings Account This is the account that is automatically opened for you when you join Bankstown City Unity Bank as a member. It is a transaction account that gives you the widest possible access to your funds. You can withdraw cash at ATMs, EFTPOS and Bank@Post, pay bills using BPAY through our app, mobile, internet or telephone banking, use electronic funds transfer to direct credit your salary, benefi ts and dividends and pay bills by direct debit. Bonus Saver Be rewarded for saving and reaching your goals faster. There are no account keeping fees and interest is calculated daily and paid monthly. You can simply access your Bonus Saver account by using our app, mobile, internet or telephone banking. Power Up esaver Enjoy a higher interest rate with 24/7 access to your money via our app, mobile, internet or telephone banking. It s easy to apply for and you can start with as little as $1. Interest is paid monthly. Pensioner Security Account An account exclusively for senior members over 55 years of age that gives 24/7 access to your funds in a variety of ways. 12

14 Christmas Club Account This account is designed to save for the inevitable budget pressures of the Christmas and holiday season. Put away some money every pay, and park unexpected windfalls like your tax refund. There are no deposit restrictions, but withdrawals can only be made from 1 November to 31 January to remove the temptation of forgetting why you started saving. Cash Management Account This account is great for those individuals who require 24 hour access using the convenience of our app, mobile, internet or telephone banking or direct debit payments but do not need a cheque book or debit card. Fixed Term Deposits A great investment option for funds you don t need to access for a while. You can invest a minimum of $1,000 for terms of 3 to 36 months, so you can choose whatever best suits you. 13

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16 Other services Insurance We are able to offer you the highest levels of protection at the lowest possible price. Peace of mind cover is available for motor vehicles, home, home & contents, boat & pleasure craft, caravans & trailers, landlord, and travel insurance. Special Term Deposit for Young Members Our Kick Starter Term Deposit is available only to members aged 14 to 25 years and has a minimum deposit requirement of just $500. This product has been designed especially in recognition of the needs of our younger members who are committed to saving for their future. Foreign Exchange Services We are able to offer you a range of foreign exchange services, including Multi Currency Travel Cards and telegraphic transfers. Business Banking We offer a range of banking solutions to help you make managing your business as easy as possible. These include; payroll services, cheque books, business loans, overdrafts, internet banking and point of sale terminals. Financial Planning Advice We can refer you to a qualifi ed fi nancial planner. A fi nancial planner can help you with things like retirement planning, tax minimisation and investments. Your fi rst interview and consultation are free. Information in this brochure was correct as at 2 June 2017 and is subject to change. For all loans, terms and conditions, fees and charges and approval conditions apply. Details such as current interest rates, comparison rates, fees and charges, etc are available on our website or by contacting any branch. The contents of this brochure do not take into account your personal needs and fi nancial circumstances and therefore you should consider whether the product is appropriate for you. Bankstown City Unity Bank is a division of Unity Bank Limited ABN AFSL/Australian Credit Licence It is recommended that you read the Conditions of Use Booklet prior to acquiring the product. 15

17 Notes Your member number Bankstown City Unity Bank Product Book June 2017

18 Our Vision The lifelong fi nancial prosperity, security and dignity of our members. Our Mission Unity Bank is a member owned cooperative and fi nancial mutual. We are 100% committed to our members maritime, mining and power workers, and the Australian communities we serve. We will always stand by our members, delivering better all round fi nancial value, service and care for the individual.

19 bcub.com.au 64 Kitchener Parade Bankstown NSW 2200 PO Box K237 Haymarket NSW 1240 #BCUB_AU Bankstown City Unity Bank is a division of Unity Bank Limited ABN AFSL/Australian Credit Licence