Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards.
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Alison
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Finder guides across topics including:
- Superannuation
- Savings accounts, bank accounts and term deposits
- Budgeting and money-saving hacks
- Managing the cost of living
Hi, I am interested in depositing funds for my super fund account. The website advised that as member of certain industry super funds collect a bonus interest.
However, when I rang ME, your representative says it is not available. Kindly confirm.
In addition, can I bank a cheque for ME account?
Hi Pauline,
Thanks for your question. I have sent you an email in response.
Regards,
Clarizza
is $250,000 the maximum allowed for a term deposit
If I deposit $500,000 in joint names will the Government guarantee the full $500,000 ?
Hi Brian,
Thanks for your question.
With ME, the maximum savings/deposit amount that is secured by the Australian Government Guarantee Scheme is up to $250,000 only. This also applies to per individual/joint account. So, for your $500,000 deposit, you’re secured up to $250,000 only.
Cheers,
May
Hi John,
Thanks for your question.
You can open a term deposit for as little as $1,000 or as much as $1,000,000.
Deposits are covered by the Government Guarantee of up to $250,000 per person, per institution.
hi i want to open a term dep can l just do that or do l have to have a saving account
cheers Lillie
Hi Lillie,
Thanks for your question.
You don’t need to have a savings account. You can open the term deposit on it’s own.
Hope this helps.
If I make a deposit in A$ will I be charged a fee for depositing money in to my ME DEbit Account.
Can I use this card when travelling in Aust, and will I be charged a withdrawal fee when taking money out of an ATM/
Can this card by used Overseas and is there a charge made by ME for overseas withdrawals from ATM’s please
Hi Grant,
Thanks for your questions. Please note that the following responses are for the ME Everyday Transaction account.
No, you don’t be charged a fee for depositing money into your ME Debit account.
You can use this while traveling in Australia, though you need to be an Australian resident to be eligible for this account. You will receive a refund on fees incurred at all other ATMs in Australia within 30 days of the transaction.
This card can be used overseas, wherever MasterCard is accepted. International ATM withdrawals incur a $4 fee and a currency conversion fee of 2.50% of AUD value.
If you intend to travel outside of Australia you may want to consider a travel debit card instead.
Please ensure to read through the relevant product disclosure statement and terms and conditions of the card to ensure that you got everything covered on your banking transactions.
Hope this helps.
Cheers,
Shirley