Deposit Bond Australia




Deposit Bond Australia Pty. Ltd., authorised agents of QBE Insurance, Australia was founded in 1886. The company now holds more than 200 offices across 37 countries and specialises in the management and development of Deposit Bond programmes. Deposit Bond Australia issues short and long-term deposit bonds ranging from 6 weeks to 66 months. It employs more than 14,000 employees and can be contacted at the 1800 helpdesk.

  • Bank Type


  • Founded


  • Headquarters

    Surry Hills, NSW

  • Industry

    Financial Services

  • Formerly/Predecessor


  • Subsidiaries


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Pros & Cons-Deposit Bond Australia


  • Strict lending policies.
  • Home Loan for Self-Employed.
  • Signup Fees.
  • Strict Age Restrictions.
  • Customer Support.


  • High Property Value for First Home Buyers.

Deposit Bond Australia

According to the Australian Securities and Investments Commission, the Deposit bond act as a financial agreement that can be used in place of the deposit and occurs when the buyer exchanges contracts on a property, thus guaranteeing to the seller that the buyer will pay the full deposit on an agreed date.

The fact DBA is an Australian-owned business operating in association with an Australian A+ rated Underwriter means that all Deposit Bond processes are managed in Australia, with all customer information securely stored onshore. DBA deals both directly with Consumers and administers its accredited Referrer programs for an extensive distribution network comprising Australian Lending Institutions, Aggregator, and Mortgage Broking organisations.

Features and Benefits of Deposit Bond Australia

Some of the features and Benefits of Deposit Bond Australia can be well discussed as follows-

  • The DBA is reliable, secure, and creditable- DBA has been the authorised Deposit Bond Issuer since March 1998. Currently, they approve Deposit Bonds on behalf of the Underwriter QBE Insurance (Australia) Limited.
  • The efficiency of the Deposit bond issued by DBA- The Deposit Bonds is more accessible to clients as it is the unsecured bond.
  • Qualified purchasers give Vendors the required confidence in the market- Over the past 19 years, over 99% of all DBA’s qualified purchasers have settled without facing any incident.
  • The efficient acts very quickly and helpful- From the year 1998, DBA has built its reputation for consistently providing reliable and efficient services to their clients.
  • No prior loan approval is required- DBA always conducts in-house credit assessments for the entire loan procedure.
  • By choosing DBA you can make your money work harder- When you are using the DBA-issued Deposit Bond the purchaser does not need to pay any deposit money by drawing on existing lines of credit or selling other investments.
  • They think and act in a cost-effective way- Whether interest rates are high or low, the cost of deposit bonds compares very well with Purchasers using borrowed funds or bank guarantees for their deposit.
  • No need to pay the interest- No interest rate is payable; the deposit bond is paid to DBA on approval.
  • More product variation in meeting the requirements- The deposit bonds suit a wide variety of needs in the marketplace.
  • Varied property types mean varied opportunity- Residential as well as commercial are accepted property types for the Deposit Bonds issued by DBA.

Services Offered by Deposit Bond Australia

The variety of services offered by Deposit Bond Australia can be discussed as follows-

The Deposit Bond- This is the financial guarantee that has been accepted as a legal substitute for the cash deposit required for the cash deposit that is required by the vendor to be paid by the Purchaser when committing to buy property. The Deposit Bond value can be for any amount up to 10% of the agreed purchase price. Purchaser must then pay 100% of the agreed Contract price plus acquisition costs at the time of settlement.

It is to be noted that if the purchaser defaults, then under the terms of the Contract, the Vendor will become entitled to retain the deposit. As an unconditional guarantee, the Underwriter is legally obligated to pay the Vendor’s/deposit holder’s claim on demand within the terms stipulated on the Deposit Bond. Once paid, the Underwriter has a full legal right of recovery against the Purchasers and Guarantors.

The QBE deposit bonds are accepted all across the Australian state and territories.

Deposit bond benefits-

For instance, the purchasers are not required to provide any form of security and thus allowing you to retain full flexibility of your assets

  • Cash Savings that are neither used nor quarantined
  • Fixed-term deposits are kept intact without the risk of incurring hefty premature break charges
  • Share portfolios can be held, avoiding any need to redeem at an inopportune time risking diminished capital value or loss of dividend

For the second instance, for qualifying, the purchaser must have for proving their financial capacity to settle by written evidence of

  • Sufficient equity in hard assets (real estate, public company shares, and fixed-term deposits) owned at the time of application.
  • The adequate income to service all current and the proposed liabilities

The competitive price of the Bond- The annualised cost of Residential Deposit Bonds ranges from 1.25 – 3.3%, which is particularly cost-effective and compares favourably with alternate deposit options.

The Combination Deposits- This is very useful when there is a requirement for payment of a 10% deposit can adversely impact a purchaser’s ability to buy their home. These bonds can be used in conjunction with cash deposits. This reflects the combination of a 5% deposit bond and 5% savings.

The DBA provides the deposit bonds of

  • Residential Deposit Bonds from 6 weeks to 60 months
  • Commercial Deposit Bonds for up to 48 months
  • Common Usage: Individual or Corporate Owner Occupiers or Investors; First Home Buyer; Self-Employed; Retiree; Company Trust and SMSF Applicants.

Deposit Bond Australia Opening Hours

Given below are the contact details of Deposit Bond Australia, which you can use in case of any doubts or queries:

Day of the Week Opening Time (AEDT) Closing Time (AEDT)
Monday 9.30 AM 4.30 PM
Tuesday 9.30 AM 4.30 PM
Wednesday 9.30 AM 4.30 PM
Thursday 9.30 AM 4.30 PM
Friday 9.30 AM 4.30 PM
Saturday closed closed
Sunday closed closed

Deposit Bond Australia Contact Details

Given below are the contact details of Deposit Bond Australia, which you can use in case of any doubts or queries:

Heart Land Bank Address Suite 402/83 Kippax St, Surry Hills NSW 2010, Australia
State New South whales
City Australia
Heart Land Bank Phone Number 1800 266 388
Customer Care Number 1800 266 388
Phone (Heart Land Bank Complaints Number) (02) 9966 1044
Heart Land Bank head office Address Suite 402/83 Kippax St, Surry Hills NSW 2010, Australia

Frequently Asked Questions

How good is Deposit Bond Australia?

Deposit Bond Australia works very efficiently for the customers. They are very fast and work efficiently to make the entire process faster. However, it is important to remember that the purchaser remains responsible for the completion of the contract, including the payment of any costs and penalties associated with a default. The deposit bond is simply a means by which the vendor can be assured that a sale to the purchaser with the deposit bond is safe.

Who is the owner of Deposit Bond Australia?

Deposit Bond Australia Pty Ltd is the authorised agent of QBE Insurance (Australia) Limited. QBE’s founding company was established in 1886 and has grown into an international insurance group operating from over 200 offices in 30 countries worldwide.

How do I contact Deposit Bond Australia?

You can always contact customer care through the e-mail [email protected] or connect them by phone at 1800 266 388.

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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