Circle Alliance Bank Budget Account

Circle Alliance Bank Budget Account

Maximum Variable Rate

0.00

Standard Variable Rate

0.00

Manage your monthly bills and enjoy a range of flexible access options with a Budget Account from Circle Alliance Bank.

  • Funds are available at call
  • 24/7 Internet and Phone banking
  • No minimum balance

Product details

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.

Product Name
Circle Alliance Bank Budget Account
Maximum Variable Rate
0.00% p.a.
Standard Variable Rate
0.00% p.a.
Monthly Fee
$0
Minimum Opening Deposit
$1
Internet Banking
Yes
Phone Banking
Yes
Phone Transaction Fee
$0

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 options

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.

Overdraft available

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.

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Pros

  • No minimum balance
  • 24/7 Internet and Phone banking
  • Easy access to your funds

Cons

  • 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.

Application options

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

Documentation needed

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

Eligibility criteria

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.

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