Bank of Sydney

Ratings

3.5

Overview

Bank of Sydney provides award-winning products and services like Home Loans, Online Busines Banking, Transaction Term Deposit Accounts Services, including Foreign Exchange, etc. The bank values personal connections with its customers. The organisation has a team of helpful and friendly staff who first analyse your needs and situations and offer solutions accordingly. Long-lasting relationships with continued benefits are the main goals of the Bank of Sydney.

  • Bank Type

    Public Bank

  • Founded

    2001

  • Headquarters

    --

  • Industry

    Banking

  • Formerly/Predecessor

    --

  • Subsidiaries

    --

Need Home Loan Assistance?

+61

Pros & Cons-Bank of Sydney

Pros

  • Strict lending policies.
  • High Property Value for First Home Buyers.
  • Strict Age Restrictions.
  • Customer Support.

Cons

  • Home Loan for Self-Employed.
  • Signup Fees.

Bank of Sydney

The Bank of Sydney is an institution that has been built upon trust and confidence, and the bank has fully complied with all the ASIC and AUSTRAC and all other regulatory and prudential requirements. The bank is associated with the Australian Banking Association.

Over 200 people have been working in the company, and the bank is operated in Australia; the head office administers this in Sydney. The Australian Government Guarantee has covered the bank for deposits up to AUD$250,000

Features and Benefits of the Bank of Sydney

Bank of Sydney is a leading Australian bank that offers several features and benefits. First, let’s take a look at their features.

●       Personal Banking Products: Bank of Sydney offers a wide range of personal banking products like home loans, term deposits, and forex services.

●       Business Banking Products: Even businesses have many needs, and to keep up with modern-day business needs Bank of Sydney offers many products like Transaction and Savings accounts, International Banking, Term Deposits, etc.

●       International Banking: Foreign currency exchange can be tricky. Therefore, the Bank of Sydney offers international banking services to make things easier.

Now, let’s look at the benefits of the Bank of Sydney.

●       Financial Claims Scheme: The Bank of Sydney, under the Australian Government, assures the security of deposits up to $250,000.

●       Compliance: Bank of Sydney complies with the ASIC and AUSTRAC requirements.

●       Diverse Range of Products: Bank of Sydney has something to offer to everyone, whether they have personal or business banking needs.

Services Offered by the Bank of Sydney-

The following are the services offered by the Bank of Sydney-

Visa Debit Card - You can choose the Visa Debit Card with an eligible Bank of Sydney account. It provides you with more payment options in-store and online. With the option, you can now withdraw from ATMs worldwide.

Digital Wallets - Now banking is made easy. Go cashless and cardless with the digital wallet system. Now you can make payments with ease.

Internet Banking - Access your money anytime, anywhere, 24/7 through internet banking and mobile app.

Types of Accounts in the Bank of Sydney

The Types of accounts are as follows:

  • Everyday Saver- The Everyday Saver Account has made it easy to manage your money. The Everyday Saver Transaction Account is available for the Bank of Sydney customers, those who hold the BOS Saver Account, Term Deposit, or a Home Loan. The interest rate is up to 0.20% per annum.
  • BOS Saver Account- No regular deposit or transaction requirement is required for this account. Thus, you can save at your own pace. The interest rate is up to 3.00% per annum.
  • Foreign Currency Transaction Account- through the Foreign Currency Transaction account, you can now make Overseas payments and can receive funds from any part of the world through the network of corresponding banks.
  • Term Deposits- You can save more, save faster, and get a guaranteed return. There are various term deposits both for Australian and international currencies.

Bank of Sydney Opening Hours-

The Bank of Sydney's opening hours is mentioned below.

Day Of the Week Opening Time Closing Time
Monday 9.30 am 4.00 pm
Tuesday 9.30 am 4.00 pm
Wednesday 9.30 am 4.00 pm
Thursday 9.30 am 4.00 pm
Friday 9.30 am 4.00 pm
Saturday Closed Closed
Sunday Closed Closed

Bank of Sydney Contact Details-

Below is the Bank of Sydney Contact details.

Sydney CBD Address 62 Pitt Street Sydney NSW 2000
State New South Whales
City Sydney
Sydney CBD Phone Number (02)-8262 9191
Customer Care Number 13 95 00
Phone (Bank of Sydney Complaints Number) +612 8262 9191
Bank of Sydney head office Address 62 Pitt St, Sydney NSW 2000, Australia

Frequently Asked Questions

How good is the Bank of Sydney?

The Bank of Sydney is a good bank. The Bank provides excellent services and clear information to the customers. The Bank tries to protect the client’s interests. The Bank strives to provide genuine value to our people, customers, communities, and partners.

Who is the owner of the Bank of Sydney?

Bank of Sydney is an Authorized deposit-taking institution (ADI) supervised by the Australian Prudential Regulation Authority (APRA) under the Banking Act 1959. The Australian Securities & Investments Commission (ASIC), Australian Transaction and Reports Analysis Centre (AUSTRAC), and other government agencies also supervise the Bank.

How do I contact the Bank of Sydney?

Anyone can contact the Bank of Sydney through “Contact us.” In addition, you can contact the bank by phone at 13 95 00 or +61 2 8262 9191 and mail them.

How much cash can I withdraw from the Bank of Sydney?

You have to remember that through ATM and EFTPOS, you can withdraw $1,000.

What is the minimum balance for the Bank of Sydney?

In Bank of Sydney, to open a BOS Saver account, you will need a minimum balance of $1,000, though it is to be remembered that to make sure your balance is $5,000 or above to ensure that it is earning interest.

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.

Disclaimer:

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