Redi Access Account

Suitable for retail clients who need a transactional banking account to conveniently manage their funds and facilitate payments 24/7 with limited free transactions. You can arrange to have your pay and any other credits paid into this account and you can access your funds using the Visa Debit Card at any ATM/EFTPOS or via Apple Pay or Google Pay. You are able to pay bills through BPAY and access the account through the convenience of Internet and Phone banking and direct debits.

Funds available 24/7
Access funds using electronic access facilities

Product Features:

Savings Accounts Features
Annual Fee :	$0
Monthly Fee :	$0
Funds Available :	At Call
Auto Sweep Facility :	Yes
Overdraft :	No
Personal Cheque Facility :	No
Branch Access :	Yes
ATM/EFTPOS Access :	Yes
BPAY :	Yes
Direct Entry (Credit/Debit) :	Yes
Visa Debit Card :	Yes

Funds are available at call;
You can split up your pay into different accounts to allow weekly/monthly regular payments to be paid;
The redicard enables you to access all ATM and EFTPOS terminals throughout Australia;
Pay instantly for purchases under $100 by waiving your payWave redicard over a secure contactless terminal;
Internet banking, our mobile banking app and telephone banking are available 24 hrs a day 7 days a week.

Withdrawals: Funds may be accessed over the counter, via the Internet, our mobile banking app, telephone, EFTPOS, or ATM.
Electronic Funds Transfer: External transfers can be made over the counter, by internet, our mobile banking app or telephone banking.
Internal transfers can be made over the counter, by internet, our mobile banking app or telephone banking.
BPAY: Is available by internet, our mobile banking app and telephone banking.
Direct Debits: You can have many of your payments debited directly from your account.
Direct Credits/Periodic Payments: Funds may be electronically transferred on a regular basis.

FAQs

Read our most frequently asked questions below or view all our FAQs.

Do I have to be a member to open an account?

Geelong Bank is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. Part of the membership process is to open an account.

What is the Financial Claims Scheme?

The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails.

Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).

The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA).

In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.

Documents & Forms

Target Market Determination

Redi Access Account

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Important Information

Interest rates (where applicable) are variable so contact any branches of Geelong Bank, telephone 1300 361 555 or visit our website www.geelongbank.com.au.

Redi Access Account