Health Professionals Bank

Ratings

4

Overview

Health Professionals Bank aims at providing the best banking experience to the healthcare sector in Australia. It is a division of Teachers Mutual Bank Limited. The bank opens its doors to Australian citizens or permanent residents that are currently or ever employed in the healthcare industry of Australia. The banking services are also extended to the family members of the bank’s members. It provides home loans, accounts, credit cards, personal loans, insurance and other travel services.

  • Bank Type

    --

  • Founded

    2019

  • Headquarters

    Docklands, Victoria

  • Industry

    Banking

  • Formerly/Predecessor

    --

  • Subsidiaries

    Teachers Mutual Bank Limited.

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Pros & Cons-Health Professionals Bank

Pros

  • Signup Fees.
  • Customer Support.

Cons

  • Strict lending policies.
  • Strict Age Restrictions.
  • High Property Value for First Home Buyers.
  • Home Loan for Self-Employed.

About of Health Professional Bank

Health Professionals Bank provides its members with various financial products and services, such as savings accounts, transaction accounts, home loans, personal loans, credit cards, insurance, and financial planning. The bank intends to offer competitive interest rates and fees, as well as personalised service and support tailored to the specific needs of health professionals. Health Professionals Bank, as a customer-owned bank, is focused on providing value to its members rather than maximising profits for shareholders. This means the bank's profits are reinvested into the business to improve services and provide better value to members. Health Professionals Bank also contributes to the health industry by funding medical research and education programs and donating to various health-related charities and initiatives.

Features & Benefits of Health Professional Bank

Health Professionals Bank provides a variety of features and benefits that are specifically tailored to the needs of health professionals. Members have access to a variety of financial products and services designed to help them save money, manage their finances, and reach their financial objectives. Here are some of Health Professionals Bank's features and benefits:

  • Health Professionals Bank provides a variety of financial products and services tailored specifically for health professionals such as doctors, nurses, dentists, and pharmacists. These products and services, which include flexible repayments and competitive interest rates, are tailored to the specific needs of the health industry.
  • Competitive interest rates: Health Professionals Bank offers competitive interest rates on its savings accounts, home loans, and personal loans, allowing members to save money and pay off debt more quickly.
  • Personalised service: Health Professionals Bank is committed to providing its members with personalised service and support. Members can get help and advice from experienced banking professionals who understand the financial needs of healthcare professionals.
  • Low fees: Health Professionals Bank strives to keep its fees as low as possible to provide better value to its members. Members can save money on banking fees while still having access to a wide range of high-quality financial products and services.
  • Community focus: Since Health Professionals Bank is owned by its customers, all earnings made by the institution are either reinvested in it or given to charitable causes. Health Professionals Bank contributes to many health-related charities and projects in addition to funding medical research and educational programs to promote the healthcare sector.
  • Mobile banking: Health Professionals Bank customers have access to a mobile banking app that enables account management, money transfers, and other banking services while on the go. The app is free to download and is accessible for both iOS and Android devices.
  • Online banking: Health Professionals Bank offers a variety of digital banking services, such as online banking, BPAY, and Apple Pay, which enables members to pay for goods and services with their iPhone, Apple Watch, or iPad.

Services Offered by Health Professional Bank

Health professionals may manage their finances and reach their financial objectives with the support of a variety of financial products and services offered by Health Professionals Bank. Members get access to affordable fees, attractive interest rates, and individualised service and support. Health Professionals Bank provides a variety of financial products and services, such as:

  • Escrow Accounts: Health Professionals Bank provides a selection of savings accounts with competitive interest rates and low fees. These accounts are intended to assist members in saving money and achieving their financial objectives.
  • Accounts for transactions: Health Professionals Bank offers transaction accounts with low fees and flexible payment options. These accounts are intended to assist members in managing their day-to-day finances, such as bill payments and money transfers.
  • Home mortgages: Health Professionals Bank provides home loans with low-interest rates and flexible repayment schedules. Members have the option of selecting from a variety of fixed and variable-rate home loans, as well as refinancing options.
  • Loans for individuals: Personal loans with competitive interest rates and flexible repayment options are available from Health Professionals Bank. These loans are available to members for a variety of purposes, including debt consolidation, car purchases, and home improvements.
  • Cards de crédit: Health Professionals Bank provides a variety of credit cards with low fees and low-interest rates. These cards include a variety of features such as rewards programs, purchase protection, and travel insurance.
  • Insurance: Home and contents insurance, car insurance, and travel insurance are all available from Health Professionals Bank. Members can select from a variety of coverage options and benefits based on their needs and budget.
  • Planning your finances: Services for financial planning are provided by Health Professionals Bank and are customised to meet the special requirements of health professionals. Members have access to knowledgeable financial advisors who may offer guidance and support in achieving their financial objectives.

Types of Accounts in Health Professional Bank

Health professionals may manage their finances and reach their financial objectives with the support of a variety of financial products and services offered by Health Professionals Bank. Members get access to affordable fees, attractive interest rates, and individualised service and support. Health Professionals Bank provides a variety of financial products and services, such as:

  • Escrow Accounts: Health Professionals Bank provides a selection of savings accounts with competitive interest rates and low fees. These accounts are intended to assist members in saving money and achieving their financial objectives.
  • Accounts for transactions: Health Professionals Bank offers transaction accounts with low fees and flexible payment options. These accounts are intended to assist members in managing their day-to-day finances, such as bill payments and money transfers.
  • Home mortgages: Health Professionals Bank provides home loans with low-interest rates and flexible repayment schedules. Members have the option of selecting from a variety of fixed and variable-rate home loans, as well as refinancing options.
  • Loans for individuals: Personal loans with competitive interest rates and flexible repayment options are available from Health Professionals Bank. These loans are available to members for a variety of purposes, including debt consolidation, car purchases, and home improvements.
  • Cards de crédit: Health Professionals Bank provides a variety of credit cards with low fees and low-interest rates. These cards include a variety of features such as rewards programs, purchase protection, and travel insurance.
  • Insurance: Home and contents insurance, car insurance, and travel insurance are all available from Health Professionals Bank. Members can select from a variety of coverage options and benefits based on their needs and budget.
  • Planning your finances: Services for financial planning are provided by Health Professionals Bank and are customised to meet the special requirements of health professionals. Members have access to knowledgeable financial advisors who may offer guidance and support in achieving their financial objectives.

Health Professional Bank - Opening Hours

Day Timing
Monday to Thursday 8:00 am to 8:00 pm
Friday 9:00 am to 5:00 pm
Sunday Closed
 

Contact Details / Customer Service

Contact details Phone: 1300 360 744
E.Mail [email protected]
Social media  Facebook ,Linkdin, Twitter

Frequently Asked Questions

How good are Health Professionals Bank?

It seems that Health Professionals Bank has a good reputation overall. Many clients value the bank’s emphasis on the medical industry and the variety of goods and services it provides. Like any banking organisation, there are, however, some unfavorable reviews and grievances concerning things like delayed service or expensive fees. It’s important to remember that Health Professionals Bank is subject to APRA regulation and is a participant in the Financial Ombudsman Service (FOS), which gives clients access to dispute resolution options.

Who is the owner of Health Professionals Bank?

Teachers Mutual Bank Limited, an Australian bank that is customer-owned, is the owner of Health Professionals Bank. Parents of several additional banking companies, such as UniBank, Firefighters Mutual Bank, and Nurses & Midwives Bank, are Teachers Mutual Bank Limited. Teachers Mutual Bank Limited is a member-owned company with no outside shareholders. Since it is a bank owned by its customers, its revenues are reinvested in the company to benefit its customers rather than being given to outside stockholders.

How much cash can I withdraw from Health Professionals Bank ATM?

Your daily withdrawal cap for your Health Professionals Bank (HPB) debit or credit card will determine how much cash you can withdraw from an ATM. The daily withdrawal cap is the most money you are permitted to take out of an ATM in a day.

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