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2023 AGM

The Annual General Meeting of First Option Bank Ltd will be held at 12:00 on Tuesday 28 November 2023 at First Option Bank, Ground Floor Meeting Room, 574 St Kilda Road, Melbourne, Victoria 3004. Members are invited to attend but must register beforehand by emailling [email protected] or calling our Member Services Team. Click to read the official notice of the 2023 Annual General Meeting, including the agenda.

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Four common Facebook Marketplace scams and how to avoid them

With the rising cost of living putting pressure on household budgets, Australians are looking to online platforms such as Facebook Marketplace and Gumtree to turn their unwanted items into cash. However cybercriminals are targeting these platforms with a range of scams that can leave unwary buyers and sellers out of pocket. Here we look at four common scams and how to protect yourself online.  Facebook Marketplace is great for buying and selling second hand items. It connects you with other …

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What is the new National Anti-Scam Centre?

The National Anti-Scam Centre is not a new facility or organisation, it is actually a taskforce working within the ACCC guided by an industry advisory board. The advisory board has representatives drawn from peak bodies representing the finance (First Option is represented by Michael Lawrence the CEO of COBA), digital platforms and telecommunications sectors as well as consumer advocates, victim support services and others with relevant expertise. In the words of the new NASC: “We work together with government, industry, other regulators, …

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Little Black Book of Scams

Freshly updated by the new National Anti-Scam Centre, the federal government’s excellent Little Black Book of Scams is an essential reference for anyone at risk of being scammed, hacked or defrauded: which pretty much means anyone with a mobile phone, bank account or email address! It’s free – download it – read it – keep it. Download now

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Handy reminders

Simple, sensible and straightforward tips for keeping your mobile phone safe, courtesy of the Australian government: cyber.gov.au Download the leaflet here

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 Telopea Downs, VIC

The Carbon Landscapes team had a busy July school holidays doing preparation work on the property for the next stages of its new life as a native wildlife sanctuary. They are replacing the old wire perimeter fences to keep out non-native wildlife and used a very big digger to keep open the firebreaks after a few years of damp Summers…. despite being semi-desert! There may have been a small incident with a Ford Territory but it looks like everyone was …

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Meet Simaima

‘Sim’ to her friends (which hopefully includes us now!) joined our Member Services team in Sydney from Ubank and Commbank where she amassed a wealth of experience and skills.  Simaima is the perfect ‘people person’ and we’re sure you will appreciate her calm patience on the phone just as much as her better banking knowledge. How long have you worked with First Option and what is your role?   6 months and counting, wohooo! Why did you apply for the job?  …

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Environmental Rewards Update

Our friends in the Carbon Landscapes team have been taking a roll-call of the native species living happily on the land at Talopea Downs, the biodiversity sanctuary First Option supports directly with our Environmental Rewards credit card program.  Some of the species at Talopea Downs are already gone from nearby Wyperfeld National Park. These include one recent discovery, Rosenbergs Goanna which is formally classified as ‘threatened’, as well as seriously cute critters like the Little Pygmy Possum and the one …

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Cheque out time

Cheques are being phased-out this year by many banks, including First Option. If you currently write cheques, now is a good time to look into how electronic tools like PayID, Osko and PayTo will replace cheques from 1 July, 2023.  Cheques (or checks if you’re American) have been a key part of how many people do their banking for a long time, in fact a VERY long time. But changes globally now look likely to bring about the end of cheques as …

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