Our Story
First Option Bank was established in 1965 by a group of employees who wanted to create a better economic life for themselves and their families. Initially serving people in the technology, manufacturing, leisure and energy industries, we now serve a broader range of customers across Australia.
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Our Difference
It’s banking, but nicer.
By banking with First Option, you’ll benefit from Personal Service, Great Value & Security.
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Our Values
Member First
We’re here to help. We prioritise your needs above all else to ensure you feel valued, respected and financially confident.Trust & Service
We provide reliable, courteous and responsive service to build long-term relationships and ensure you feel valued and understood.Security & Reliability
Your money is safe with us and managed with the utmost care. We have the same safeguards as all banks to protect you and your money.Our Community
As a member owned bank, we exist to serve our members, not shareholders. As part of our commitment to the community and environment, we are proudly a carbon neutral business and fund positive change programs.
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Our Commitment
As part of our commitment to the customer owned banking sector, we follow the Customer Owned Banking Association Code of Practice.
Our Membership Bond
A person is eligible to be a member of First Option under any of the following categories:
- An employee, officer or agent of:
- the Australian Public Service.
- a corporation or business in the recreation services, energy, telecommunications, and manufacturing industry.
- a self-employed person or small business associated with (b).
- First Option Bank.
- a corporation or business approved by the board.
- Family relation of an existing member.
- a former member of at least 1 year who is re-joining.
- a person who has an affinity with First Option and is approved by the board.
- a current member who is no longer eligible under one of the above categories.
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