Greater Bank is a member-owned, mutual bank that has been operating for more than 75 years.
Greater Bank is based in Newcastle, New South Wales
It started off as a Greater Building Society with a focus on mortgages, and transitioned into Greater Bank in 2016
Greater Bank has more than 260,000 customers and more than $7 billion in assets under management
Accounts offered by Greater Bank
Greater Bank Access Account
This is a low-fuss everyday account that has no account keeping fees. You can choose between a Visa debit card or Access card for withdrawals and purchases with low fees for your transactions.
Read our full review of the Greater Bank Access Account.
Greater Bank Ultimate Access Account
This account does charge a monthly account keeping fee, however this is waived each month you deposit at least $2,000. If you meet the monthly deposit requirement there will also be no transaction fees.
A Life Saver account can be opened by anyone under the age of 25. It pays a competitive interest rate on your savings each month that you grow your balance by any amount. You can keep the account once you're older than 25, but you need to be under 25 to open it in the first place.
You can open a term deposit with Greater Bank with as little as a $1,000 investment. Your money will be locked away for the length of the term you choose, which range from one month to five years, with a fixed interest rate. You can also choose to have monthly interest payments made directly to you, adding a little more to your income.
Greater Bank offers many different ways to do your banking.
Greater Bank bank branches
Greater Bank has roughly 50 bank branches spread across NSW and QLD. The large majority are based in the Hunter New England region and the Central Coast, with only 2 in Sydney.
Greater Bank ATM network
Greater Bank has roughly 100 ATMs around NSW and south-east QLD. Customers can also withdraw cash from 10,000 Westpac, CommBank and NAB ATM's for free with their Australian debit card.
Bank@Post
If you need to deposit cash into your account and don't have a branch , you can do this at a participating Australia Post shop using Bank@Post. It's free to deposit cash into your account this way.
Greater Bank Internet and mobile banking
Greater Bank Internet Banking can be used 24/7 to monitor your accounts, move money between accounts, pay bills, download recent statements and apply for new Greater Bank products.
The Greater Bank app is free to download and can be used to manage your accounts anywhere at anytime. The app has a 4 star rating in the Google Play store, and a 3.3 star rating on the App Store.
Greater Bank contactless payment options
Greater Bank offers Google Pay and Apple Pay to customers with a Greater Bank debit card.
Pros and cons of banking with Greater Bank
Pros
Avoid account keeping fees. There are no account keeping fees on the Access account, and the fee can also be waived on the Ultimate Access Account if you meet the conditions.
ATMs and branches. Greater Bank still offers more than 100 branches and ATMs for customers in NSW and south-east QLD.
Variety of accounts. Greater Bank offers more than just the one transaction account, so you can choose which is right for you.
Savings rates. The Life Saver account often offers a competitive savings rate compared to others in the market.
Cons
Not Australia-wide. Greater Bank has no branches or ATMs outside of NSW and QLD, and some accounts require you to be based in these states.
Monthly deposit condition. There is a large monthly deposit condition to meet with the Ultimate Access Account in order to have the fees waived.
How to apply for a Greater Bank account online
You can apply for a new account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.
Eligibility
You're over 18 years old
You're an Australian resident for tax purposes
You have an Australian phone number and residential address
Documentation
Personal details like your name, date of birth, residential address, phone number and email address
ID documents such as your driver's licence, Medicare card, passport or proof-of-age card
Are you looking for another Greater Bank product instead?
If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.
Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds.
Iam ready to retire, and wanted to get the best interest for my money because have 5 years before l get a pension.do you have any ideas on your best investment for a weekly payment.
If you’re looking at Greater Bank it does offer a few interest-earnings accounts. There’s a Bonus Saver Account or a Term Deposit.
The savings account pays interest monthly (provided you meet the account conditions) and the Term Deposit pays interest monthly, six-monthly, or at maturity (not weekly).
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.
Do you have a Government Guarantee for investment up to 250000.00?
Hi Tatiana,
Yes, your deposit of up to $250k in a Greater Bank term deposit or savings account is included in the government guarantee scheme.
Thanks,
Alison
Iam ready to retire, and wanted to get the best interest for my money because have 5 years before l get a pension.do you have any ideas on your best investment for a weekly payment.
Hi Craig,
If you’re looking at Greater Bank it does offer a few interest-earnings accounts. There’s a Bonus Saver Account or a Term Deposit.
The savings account pays interest monthly (provided you meet the account conditions) and the Term Deposit pays interest monthly, six-monthly, or at maturity (not weekly).
Hope that helps,
Alison
Does greater bank do careless cash
Hi Adele,
No. However, they currently offer mobile wallets which allow you to make contactless payments.
Best,
Alison