View Post

Changes to Deposit Interest Rates

Members are advised that interest rates on selected Term Deposit and At Call Deposit products have changed. Click here to download a copy of our “Deposit Interest Rates” schedule to review how this may impact you. Deposit account balance cap: The balance cap is now $500,000 for the following accounts: IT Saver Save Account Bonus Saver Retirement Access Saver Cash Management Christmas Saver Any portion of the balance above $500,000 will earn the “Pay Account” rate. Kids Bonus Saver balance …

Read More
View Post

Changes to Fees & Charges – Effective 1/12/2020

Members are advised that selected fees and charges will be changing from December.  Summary of changes: Membership Admin Fee* Change to existing $5 per month Personal Cheques^ Change to existing $2.00 per cheque presented Bank@Post Cash Withdrawal^ Change to existing $3.00 per cash withdrawal Paper Statement Fee^ Change to existing $2.50 per paper statement       Business Membership Fee# New fee $10 per month Business staff-assisted fee# New fee $10 per transaction Business temporary internet banking limit increase# New …

Read More
View Post

Easy App Update

First Option Bank has released an update for the iOS and Android versions of its mobile banking app (Easy App). The update is now available via the Apple App Store and Google Play. The app update brings improvements to Osko payments, as well as new calculators to assist members to manage and plan their finances. If you have any issues or questions, please contact the First Option Bank Team.

Read More
View Post

Send/Receive Money & you could Win

Whether you’re sending or receiving money internationally, we can help. Send or receive money overseas by a Telegraphic Transfer when using our International Payment service, powered by Western Union Business Solutions (WUBS), and you will go in the draw to win a $1,000 voucher. If you are looking for a timely and reliable way to send or receive funds overseas, our International Payments services gives you 24×7 control. Competitive exchange rates1 $0 fees on incoming international payments2 Timely and reliable3 Send …

Read More
View Post

World’s Best Banks 2020

Customer Owned Banks Top Australian rankings of Forbes’ World’s Best Banks 2020 Customer owned banks (such as First Option Bank) have been ranked as the best banks in Australia by Forbes’ World’s Best Banks 2020. Forbes partnered with market research firm Statista to rank the best banks in 23 different countries, surveying more than 40,000 customers around the world for their opinions on their current and former banking relationships. Banks were rated on general satisfaction and key attributes including trust, …

Read More