Product details
If you want a transaction account that makes it as simple as possible to look after your everyday banking needs, it’s important to look for one that provides easy access to your funds in a variety of ways. The AWA Alliance Bank General Savings Account is an everyday at-call account that gives you access to your money through several different facilities.
As well as fee-free transactions using Internet and phone banking, the account also comes with a chequebook for easy payments and a rediCARD to allow you to withdraw cash through the rediATM network. Other features, such as Bank@Post functionality and BPAY payments via online banking, also help you take charge of your finances.
- Product Name
- AWA Alliance Bank General Savings Account
- Monthly Account Fee
- $0
- Debit Card Access
- Visa
- ATM Withdrawal Fee
- $0
- Interest Rate p.a.
- 0.10%
- Details
- Each member receives 4 free rediATM transactions (ie rediATM and NAB ATM’s) per month.
- Fee Free Deposit p.m.
- $0
- Phone Banking
- Yes
- Fees
- $0
- Internet Banking
- Yes
What are the features of the AWA Alliance Bank General Savings Account?
At-call everyday account
The AWA Alliance Bank General Savings Account is an everyday account that provides at-call access to your funds. It is designed to make it as easy as possible for you to manage your everyday spending.
Internet and phone banking
You can manage your account via AWA Alliance Bank’s Internet and phone banking services, allowing you to transfer funds, pay bills and monitor your transaction history.
rediCARD for ATM access
The account comes with a rediCARD so you can withdraw funds via the nationwide rediATM network. Each membership receives four free rediATM transactions per month, with each additional transaction incurring a $2 fee.
Chequebook
You have the option of adding a chequebook to the account to make it easier to manage your regular payments.
Other features
The AWA Alliance Bank General Savings Account also comes with Bank@Post functionality, the option of paying bills via BPAY, and the ability to set up direct debits, periodical payments and merchant facilities.
Minimum balance
The AWA Alliance Bank General Savings Account has a minimum balance requirement of $1, allowing you to withdraw funds whenever you need.
Interest rates
While no interest applies to balances of $99,999 or under, balances of $100,000 or more earn interest at 0.10% p.a. Interest is calculated daily and credited to your account on 30 June and 31 December each year.
Pros
- RediCard
- Periodical payments
- Direct Debit
- Electronic Transfer
- Merchant Facilities
Cons
- Need to deposit minimum of $100,000 to earn interest
- $2 transaction fee after 4 free transactions
What you’ll need to know before applying
If you’d like to apply for a General Savings Account from AWA Alliance Bank, click on one of the “Find out more” links on this page. Doing so will redirect you to the AWA Alliance Bank website where you can find the full details of this account. You can also contact the bank in one of two ways to apply for an account.
However, you are unable to apply for an AWA Alliance Bank General Savings Account online.
Application options
There are two ways you can apply for this account:
- Visit a branch. AWA Alliance Bank has three branches, two of which are in Victoria (in Geelong and Portland), with the other in Mandurah in Western Australia. You can visit your nearest branch to receive personalised advice about how to open an account.
- Complete an online form. You can contact the bank by filling out and submitting an online enquiry form through the AWA Alliance Bank website. To fill out the form you will need to provide your name, contact details, preferred contact time and information about your banking needs.
Documentation needed
If you’re not currently a customer of AWA Alliance Bank you will need to provide proof of ID when opening an account. If you’re applying in branch, simply present your passport or driver’s licence when you open an account to verify your ID. When 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 General Savings Account, check the fine print to make sure that you meet the following eligibility criteria:
- Residency requirements. You must be an Australian resident to apply for an AWA Alliance Bank General Savings Account.
If you’re looking for a competitive everyday transaction account that offers a range of flexible access options, the AWA Alliance Bank General Savings Account could be just the account you’re looking for. Of course, before you choose this or any other account, make sure to compare a wide range of options to make an informed choice about your banking.
Related savings accounts
AWA Alliance Bank Christmas Club Account
Maximum Variable Rate
0.25Standard Variable Rate
0.25
