Beyond Bank Australia

Ratings

3.2

Overview

Beyond Bank is one of Australia’s biggest customer-owned banks with a rich credit union heritage. The bank was established over 60 years ago by individuals who felt let down by a banking structure that failed to meet their needs or expectations.

  • Bank Type

    Private Bank

  • Founded

    2006

  • Headquarters

    Adelaide, Australia

  • Industry

    Banking

  • Formerly/Predecessor

    Community CPS Australia Ltd (F)

  • Subsidiaries

    Eastwoods Wealth Management Pty Ltd

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Pros & Cons-Beyond Bank Australia

Pros

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

Cons

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

Beyond Bank

With its headquarters in Adelaide, it is one of Australia's largest financial institutions, works for the community, and stands with the community. With over 650 employees in its family Beyond Bank creates strong collaboration and cooperation among its employees and customers. Beyond Bank provides all-around banking solutions to its customers and potential customers with services like banking, wealth management, and insurance services.

Features and Benefits of Beyond Bank

Here are the key features of Beyond Bank in Australia.

  • The bank offers a range of products and services to its customers, including savings and transaction accounts, personal and home loans, credit cards, insurance, and investment products.
  • Beyond Bank strongly focuses on customer service and providing value for money.
  • The bank has a network of branches and ATMs across Australia and an online banking platform.
  • Beyond Bank is one of the few customer-owned banks in Australia and is committed to helping its customers meet their financial goals.

Now, let's take a look at the benefits of Beyond Bank.

  • The bank offers its customers a range of banking products and services, including savings and transaction accounts, home loans, personal loans, credit cards, foreign exchange, and insurance.
  • There are many benefits of banking with Beyond Bank. As a customer-owned bank, Beyond Bank is not motivated by profit. This means that it can offer competitive rates on products and services and invest profits back into the business to benefit customers.
  • Beyond Bank is also known for its high levels of customer service. So when you bank with Beyond Bank, you can be confident that you're supporting a customer-owned institution that puts its customers first.

Services offered by Beyond Bank:

The ultramodern and customer-centric services Beyond Bank offers are plenty in number. Some of them are mentioned below.

PERSONAL LOANS:

Beyond Bank not only operates for the customers, but the bank also works for the community as well. The bank operates with more than 5000 community institutions to work for the community. The personal loans offered by Beyond Bank are varied in number. Current account holders in the bank can apply for and receive personal loans instantly. Beyond Bank's premier personal loan benefits the premier accounts holders in the bank. Below are, mentioned some types of personal loans offered by Beyond Bank,

  • Car loans
  • Graduate loans
  • Health loans

The rates for these loans are varied. These personal loans can be used for multiple purposes and usages by borrowers.

HOME LOANS

Beyond Bank offers several exciting and customer-friendly home loans for borrowers. A home is one of the most desired and safest places for an individual or a family to occupy, and buying a home can be tricky and financially draining. This is where a Beyond Bank home loan helps its customer with simple and effective loans. The different types of home loans offered by the Beyond Bank are,

  • Beyond Bank total home loan package: monthly payment of $792 and interest rate of 4.84%
  • Beyond Bank purple basic variable: monthly payment of $901 and interest rate of 5.09%

Some of the primary features of the Beyond Bank Home loans are mentioned below,

  • Competitive rates
  • Package home loans
  • Low deposit rates from 5 to 10 % for some loans.
  • Offset accounts in package loans
  • Low fees and many fee waivers are offered.
  • Various repayment options are available.
  • Loans can be split into fixed or variable options.
  • The package loans have discounts and special benefits.

INSURANCE

The Beyond Bank covers almost all areas of life in the field of insurance, like home insurance, life insurance, health insurance, car insurance, etc.

The Beyond Bank Bank also offers other services like superannuation products, credit cards, and savings accounts.

Types of accounts in Beyond Bank

There are many types of accounts provided by Beyond Bank. These accounts are operated based on the needs and requirements of the customers.

EVERYDAY PURPLE TRANSACTION ACCOUNTS

These accounts are essential accounts that help customers with their daily needs and daily requirements. These everyday accounts have many options available to customers with 0% rates and negligible fees. In addition, money is sent and received instantly.

SAVINGS ACCOUNTS

The Beyond bank caters to more people and helps them save and invest their money responsibly and professionally. The savings account treats its customers with bonus interest rates. In addition, the bank accounts do not levy maintenance fees and are easily operational through Beyond Bank's internet banking system.

Some of the important features of savings accounts are,

  • Bonus interest rates per month
  • Steady savings.
  • Easily manageable and accessible. The online transaction system helps the customer easily access all the facilities and features of these savings accounts.
  • Zero account- maintenance fees
  • Tracking the progress with Beyond Finance Manager.

The Beyond Bank savings accounts are user-centric and offer a lot of benefits to the customers. The other types of accounts are,

  • monEsaver internet savings account
  • Purple bonus saver account
  • Community Reward Account

KIDS SAVINGS ACCOUNTS

Saving for the future is a life skill that every kid should and must learn. The Beyond Bank kids and youth savings account aims towards this particular goal and helps parents teach their children the value of savings. The child must be under 18 years and above 11 years and must have permission from a parent or a carer to open the kids' savings account with Beyond

  • No account-keeping charges
  • Bonus interest on savings
  • Easy mobile banking
  • Extra incentive to save more.

Beyond Bank opening hours

Mentioned below are the opening hours of Beyond Bank for the reference of the customer.

Day of the Week Opening Time Closing Time
Monday 9 AM 5 PM
Tuesday 9 AM 5 PM
Wednesday 9 AM 5 PM
Thursday 9 AM 5 PM
Friday 9 AM 5 PM
Saturday(customer service) closed closed
Sunday(customer service) closed closed
Saturday (faults and technical support) closed closed
Sunday (faults and technical support) closed closed

Beyond Bank contact details

Mentioned below are the contact details of the Beyond Bank of Australia, which you can use in case of any doubts or queries:

 Address WAYMOUTH STREET ADELAIDE, SOUTH AUSTRALIA, 5000 Australia
State Adelaide, Australia
City Adelaide
Phone Number 61882058604
Customer Care Number 61882058604
Phone (complaints)   61882058604
Beyond Bank head office Address WAYMOUTH STREET ADELAIDE, SOUTH AUSTRALIA, 5000 Australia

Frequently Asked Questions

How good is Beyond Bank?

One of the foremost money lenders in the country, it was established more than 60 years ago. This financial services company has dominated the banking sector for a long time. They provide top-market services and are essentially customer-centric. Benefits and privileges are offered to the customers. Various operating methods and easy accessibility are the key features of this bank.

Who is the owner of Beyond Bank?

Beyond Bank is a 100% customer-owned bank and revolves around the community, and the customers are its top priority.

How much cash can I withdraw from Beyond ATM?

The daily cash withdrawal amount from ATMs is $ 1500 per day. This limit can be increased on request to $2500 to $ 6000 per day.

What is the minimum balance for an account in Beyond Bank?

No minimum or maximum balance is needed to open a savings account in Beyond Bank. However, there is a minimum limit of $ 2000 for term deposits.

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.

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