The Circle Alliance Bank Budget Account is an everyday transaction account designed to provide easy access to your funds whenever you need them. The funds you deposit into your account are available at call via Internet and phone banking, BPAY, a cheque book, ATMs and Circle Alliance Bank branches.
There are no minimum balance requirements to worry about, allowing you to withdraw cash at any time, while there are also no monthly fees to eat into your account balance.
What are the features of the Circle Alliance Bank Budget Account?
No monthly fees
There are no monthly transaction or account-keeping fees attached to the Circle Alliance Bank Budget Account. This means that all the funds you deposit into your account can go towards paying your bills.
No minimum balance requirement
There is no minimum deposit required to open an account and you don’t have to worry about maintaining your balance above a certain level. This gives you the freedom to spend your money however you like.
Access to your funds via Internet and phone banking is available 24 hours a day, 7 days a week. This allows you to check your balance, pay bills via BPAY and transfer funds to other people. A cheque book is also available with this account, as is a Visa card to provide ATM access.
If you need access to additional funds, you have the option of attaching an overdraft to your Circle Alliance Bank Budget Account. However, you’ll need to contact the bank for details of any conditions, fees and charges that apply.
- No minimum balance
- 24/7 Internet and Phone banking
- Easy access to your funds
- Must be a member of Circle Alliance Bank
What you’ll need to know before applying
If you think the Circle Alliance Bank Budget Account is just what you need to ensure that you always have enough money set aside to pay your bills on time, click on one of the “Apply Now” links on this page. You will then be securely redirected to the Circle Alliance Bank website where you can find the account terms and conditions and an application form.
A Circle Alliance Bank Budget Account application form is available for download from the bank’s website. To complete the form you will need to provide:
- Your name
- Your membership number
- Your tax file number (TFN) or exemption (note that supplying your TFN is not compulsory)
- Details of the access facilities you require for your account
- Your signature
Before you can sign up for a Circle Alliance Bank Budget Account you will have to become a member. To do this you will need to fill out a membership application form (available for download from the Circle Alliance Bank website) and apply for a $2 share in Circle Alliance Bank.
To complete the application form you will need to provide:
- Your full name and date of birth
- Your gender
- Your mailing address, email address and phone number
- Employment and citizenship details
- Proof of ID, for example your driver’s licence or passport
You will need to be a member of Circle Alliance Bank to apply for this account. You’ll have to fill out a membership application form with the details above and also pay $2 to cover the cost of a member share.
Once your membership has been finalised, you can begin the application process to open a Circle Alliance Bank Budget Account.
If you want a bill-paying account that provides easy access and no monthly fees, the Circle Alliance Bank Budget Account could be just what you’re looking for. Compare it with a range of other account options before deciding whether it’s right for you.