AWA Alliance Bank Bill Paying Review, Rates & Information

Product details

If you’re looking for an easy way to manage your money and to ensure that you always pay your bills on time, the AWA Alliance Bank Bill Paying Account is worth a closer look. Designed to help you take control of your monthly budget, the account allows you to set aside money each payday so that you have sufficient funds available for all your regular bills. This convenient option will save you time when planning your monthly expenditure and ensures that you never miss any important bill payments. You can also attach other features to the account, for example an overdraft facility and direct debits, for extra flexibility.

Product Name: AWA Alliance Bank Bill Paying Account

Maximum Variable Rate: 0.01% p.a.

Standard Variable Rate: 0.01% p.a.

Bonus Variable Rate: 0.00% p.a.

Monthly Fee: $0

Minimum monthly deposit for bonus interest rate: $0

Internet Banking: No

Phone Banking: No

What are the features of the AWA Alliance Bank Bill Paying Account?

Periodical payments

The AWA Alliance Bank Bill Paying Account allows you to set up periodical payments into your account at whatever frequency you choose. For example, you might want to automatically transfer money into the account every time you receive your weekly, fortnightly or monthly pay. This feature makes it easy to ensure you always have sufficient funds set aside to cover all your regular bills.

Direct debits

It’s quick and easy to set up a direct debit from your AWA Alliance Bank Bill Paying Account to your regular payees. This saves you the time of having to manually enter transaction details each time a bill is due, while it also means that you will never miss a payment.

Overdraft facility

You can attach an overdraft facility to this account for whenever you need access to extra funds, allowing you to pay bills even if they’re a little larger than expected.

Bill paying fees

A $1.50 fee is charged to your AWA Alliance Bank Bill Paying Account for each of the following withdrawal transactions: cash withdrawals, over-the-counter bank cheque withdrawals, direct debits, debit transfers and BPAY payments.

Variable interest rate of 0.01% p.a.

The interest rate of 0.01% p.a. will be calculated daily and credited on 30 June and 31 December each year.

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Pros

Periodical Payments
Direct Debit
Direct Credit

What you’ll need to know before applying

If the AWA Alliance Bank Bill Paying Account sounds like it might be the right account to help you stay on top of your bill payments, click on one of the “Find out more” links on this page. You will be securely redirected to the AWA Alliance Bank website where you can browse the features, terms and conditions of this account.

However, there is currently no option to apply for an AWA Alliance Bank Bill Paying Account online.

Application options

Visit a branch. AWA Alliance Bank has three branches in Australia. Two are located in Victoria, in Geelong and Portland, and the other is in Mandurah in Western Australia. Visit your nearest branch if you’d like face-to-face advice on what you need to do to open an account.
Complete an online form. You can also fill out an online enquiry form to request that an AWA Alliance Bank staff member contacts you. To fill out the form you will need to provide your name, phone number, email address, preferred contact time and information about the type of account you would like to open.

Documentation needed

If you’re not yet a customer with AWA Alliance Bank, you’ll need to supply a valid form of photo ID when you apply for an account. If applying in branch, you’ll be asked to provide proof of ID, for example an Australian driver’s licence or passport, during the sign-up process. If applying online, verify your ID by submitting a photo or a scan of your driver's licence, or the page in your passport with your photo.

Eligibility criteria

Before you can open an AWA Alliance Bank Bill Paying Account, you must meet the following eligibility criteria:

Age requirements. The AWA Alliance Bank Bill Paying Account is only available to applicants who are at least 18 years of age.
Residency requirements. You must be an Australian resident in order to apply.

The AWA Alliance Bank Bill Paying Account is definitely worth considering if you need help putting money aside to pay your regular bills. However, before deciding whether it’s the right account for you, make sure to also consider a wide range of accounts from other trusted Australian financial institutions.