First Option Bank does not have any bank branches, but the good news is that any member can present their Visa card to any of the 3,000 plus outlets to withdraw, deposit cash or cheques and pay a bill.

Please note that cheque deposits usually will take 5 working days to clear, while cash deposits are available instantly and Australia Post will only accept cheques under $100,000. Fees may apply to some Bank@Post transactions.

BPAY is a easier way to pay your bills and you can do this anytime you like via our Internet Banking Platform or Mobile Banking App.

Payment Options Product Profile

No need for to wait for 2 days like the old days. Osko® enables you to send money to someone immediately.

Just log into our Internet Banking Platform or Easy App - mobile banking and select the Osko® option and your payee will receive their money in seconds.

Members can link their mobile number and email address to their bank accounts and when someone needs to pay you, simply give them your mobile number or email address.

Simply go into 'My Preferences' within Internet Banking and our video tutorial will guide you through.

With a First Option card you can access any ATM in Australia. Best of all, First Option does not charge a fee for ATM usage.

While some ATM owners do charge an ATM fee directly to your account, you will be advised of the fee before you complete your transaction.

You can also use your First Option card overseas, however there is a fee. This fee is waived for members that support First Option with their deposits and loans (combined minimum monthly balance of $25,000).

And if you are going overseas, please consider the Cash Passport Platinum card.

• Access to all ATMs in Australia
• Choose your PIN with Internet Banking or Easy App
• Convenient 24x7 access
• Withdraw up to $1,000 per day

This is a quick and convenient way to obtain account balances and recent transactions 24x7.

• Fee Free Service
• Simple, quick and easy - just send an SMS
• No need to log in - a separate service to PhoneLink, Internet Banking and Easy App

How do I use SMS Banking?
Once you register your mobile phone number, simply send the appropriate SMS format to
0428 768 430.

You will receive an immediate response, directly to your mobile phone. A list of acceptable SMS formats is shown below.

More Information
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SMS Banking Product Profile

Why waste time travelling between different financial institutions to transfer your money when you can have it done electronically? You can even arrange to have your pay allocated automatically between your various First Option accounts.

• No transaction fees
• Easily transfer funds to your accounts
• Have your pay directly credited

Arranging a Direct Credit
To authorise the transfer of funds (from your employer, other organisation or another person) to your First Option account, just provide First Option’s BSB number: 802-876 followed by your membership number and the name on your First Option account.

Take the hassle out of remembering to pay your bills with Direct Debit.

For recurring bills, simply arrange with your service provider to have the funds automatically debited from your First Option account.

It's a great way to pay your insurance or even make regular payments off your utility bills!

To set up a direct debit agreement, all you need is your BSB and account details.

Direct Debit straight from your account:

• It is a great way to pay your insurance or even make regular payments off your utility bills:
• No transaction fees
• Never forget to pay your bills
• Why not consider our Save account?

To arrange authorisation, give the relevant organisation the following details:
Financial Institution: First Option Bank Ltd
BSB No: 802-876 and your 9 digit account number.

Access Options Product Profile
Payment Options Product Profile