AWA Alliance Bank is a member-owned bank with a focus on friendly customer service and a more personal approach to banking. Through its alliance with Bendigo and Adelaide Bank (as part of the Alliance Bank Group), AWA is able to provide a wide range of financial products and services on behalf of Bendigo and Adelaide Bank.
AWA Alliance Bank is part of the Alliance Bank Group. The Group was formed by the alliance of four independent mutual entities (AWA Mutual Limited, Service One Mutual Limited, Circle Mutual Limited and BDCU Mutual Limited) with Bendigo and Adelaide Bank. As a result of this alliance, AWA Alliance Bank is able to offer a wide range of financial products on behalf of Bendigo and Adelaide Bank, but at the same time it can maintain its own independent brand and local presence.
AWA Alliance Bank offers several savings accounts designed to suit a variety of needs. There are everyday savings accounts, youth accounts, bonus saver accounts and options to suit the specific needs of different customers, including pensioners. As of September 2016, there are no transaction or account-keeping fees on any of the bank’s savings accounts.
These accounts are backed by AWA’s friendly customer service and, because this bank is owned by its members, it puts any profits made towards delivering better products for its customers.
What is Internet banking like for AWA Alliance Bank?
AWA Alliance Bank’s Internet banking platform helps members access account information, pay bills and transfer funds. It offers all the standard features you would expect from an online banking portal, and there are no additional fees associated with online banking or transfers.
To sign up for AWA Internet banking, customers can visit their nearest branch or contact the bank via phone or email. For added security, access to Internet banking is locked after three incorrect login attempts.
Notable features include:
Pay bills via BPAY
Transfer funds to other bank accounts
Redraw on your home loan
View transaction details and account statements
Obtain details of interest earned
What about the mobile app?
Image Source: App Store
Login Page
Locating the near ATM/Branch
Pay Bills
What transaction accounts are offered by AWA Alliance Bank?
Everyday Account. This everyday at-call account comes with a RediCard, cheque book and easy access via Internet banking. You can set up direct debits from your account, make periodical payments, and pay bills via BPAY and Bank@Post (Australia Post’s personal banking services).
Bill Paying Account. The AWA Alliance Bank Bill Paying Account allows you to periodically set aside funds to cover bills – for example, you may want to put a portion of your salary aside each payday. The account can have a number of features attached, including an overdraft, periodical payments, direct debit and direct credit.
What high interest savings accounts are offered by AWA Alliance Bank?
Pensioner Account. This at-call savings account is available to pensioners and Health Care Card holders. It pays tiered interest based on your account balance and also comes with a RediCard, cheque book, direct debit functionality and the flexibility to perform a variety of electronic transactions.
Christmas Club Account. This special-purpose account is designed to help you put money aside for Christmas. You can set up a payroll deduction or regular payment into the account, and interest applies to your balance throughout the year. You can then withdraw some or all of the funds any time between 1 November and 31 December.
Online Saver Account. The Online Saver Account is an at-call savings account that pays a high rate of interest on your balance. The minimum account balance is $0.
Youth Account. Designed for members aged under , this everyday at-call account combines a competitive interest rate with a range of flexible features. These include a RediCard, Internet and phone banking, Bank@Post functionality and more.
What term deposits are offered by AWA Alliance Bank?
If you’re looking for the security of a term deposit, AWA Alliance Bank offers term deposits with terms ranging from 1 to 24 months. Interest rates vary depending on the term you choose and the amount you invest, with a minimum deposit of $5,000 required. There are no account-keeping fees on the bank’s term deposits.
What are the pros and cons of banking with AWA Alliance Bank?
Pros
Choice. With multiple savings accounts available, you can choose the savings product that best matches your financial goals.
Customer service. As an independent mutual, AWA Alliance Bank prides itself on providing friendly customer service and a personalised banking experience.
Member-owned. As AWA Alliance Bank is owned by its members, profits are put towards providing better products and services for customers.
Cons
Few branches. AWA Alliance Bank has two branches in Victoria and one in WA, so it may not be easy to access for all customers.
How do I apply for an AWA Alliance Bank account?
If you’d like to apply for a savings account with AWA Alliance Bank you can:
Phone the bank directly
Fill out an online enquiry form with your name, contact details and the type of account you’re interested in
An AWA Alliance Bank representative will then discuss your account needs with you and talk you through the application process.
AWA Alliance Bank offers an extensive range of savings accounts to suit the needs of a variety of savers. However, be sure to compare a number of options from other banks and credit unions before deciding on the best savings account for you.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio
Almost a million homeowners could be forced to take drastic action if interest rates remain elevated until next year, according to new research by Finder.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We are committed to our readers and stands by our editorial principles
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
