Deposit Power

About Deposit Power Bank

The Deposit Power Bank now efficiently works digitally, instantly, and securely. The Deposit Bond is delivered digitally and hassle-free. The Lombard Insurance Company acts as the guarantor of the Deposit Power Product. It is a fact that Lombard is an international bonding and commercial insurance provider and has been providing the underwriting capacity to the Australian insurance market for over 10 years.

The Deposit Bonds provided by the Deposit Power Bank are widely accepted. They also act as the medium of securing the property purchase and are utilized by first home buyers, upsizers, downsizers, and investors alike for auction, off-the-plan, or existing home purchases.

Features and Benefits of Deposit Power

Some of the features and benefits of the Deposit Power Bank can be discussed as follows-

• The Deposit Power Bank act as Australia's longest deposit bond provider.
• The Bank has assisted over one million buyers and sellers in the property sales process
• The Bank has an efficient customer care team providing efficient customer care service to the clients.
• The Deposit Bond Provided by the Bank has been widely accepted as a means of securing a property purchase and is utilised by first home buyers, upsizers, downsizers, and investors alike for auction, off-the-plan, or existing home purchases.

Services Offered by Deposit Power Bank

The Deposit Bond

The deposit bond is the certificate that can be used as a replacement for the cash deposit the purchaser needs to pay when signing a contract of sale. It also acts as the guarantee of the deposit payment.

In other words, Deposit bonds are also known as deposit guarantees. This bond is widely accepted and facilitates the Australian citizen. These are accepted as a means of securing a property purchase.

In other words, the Deposit Bond has helped millions of buyers and sellers in the property sale process. These bonds are legal in every state and territory across Australia. These bonds can be issued for all or part of the deposit amount required, up to 10% of the purchase price.

Deposit bonds are generated to secure most types of properties with the settlement terms to match mostly the purchasers' needs. Most property purchases settle within 6 months or sooner, but many other situations require a longer settlement term, such as properties under construction and off-the-plan purchases.

The bonds are much more economical and with only a one-off fee required. There are no such ongoing fees or interest charges and thus making the bond valuable among the people. The fee also varies depending on the term of the deposit bond and the amount required.

It is to be noted that the fee for a short-term deposit bond is only 1.3% of the deposit bond amount. Therefore, the fee for a deposit bond of $50,000 will only be $650.

The Digital Deposit Bond

The Deposit Power Bank operates digitally. Thus, bonds are digital and delivered to you within seconds of being issued by the bank. Therefore your property can now be secured immediately using a Deposit Power digital deposit bond.

When the bank issues the digital deposit bond, the client will receive an email with a secure link to view the deposit bond. Using QR technology, the bond can be securely shared between digital devices, thus enabling you to secure your new property faster. You can also forward the email to other interested parties as evidence of your deposit bond.

Deposit Power Bank Opening Hours

Given below are the contact details of Deposit Power Bank Australia, which you can use in case of any doubts or queries:

Day of the Week	Opening Time (AEDT)	Closing Time (AEDT)
Monday	8.30 AM	5.30 PM
Tuesday	8.30 AM	5.30 PM
Wednesday	8.30 AM	5.30 PM
Thursday	8.30 AM	5.30 PM
Friday	8.30 AM	5.30 PM
Saturday	closed	closed
Sunday	closed	closed

Deposit Power Bank Contact Details

Given below are the contact details of the Deposit Power Bank Australia, which you can use in case of any doubts or queries:

Deposit Power Bank Address	Level 7/60 Pitt St, Sydney NSW 2000, Australia
State	New South Whales
City	Australia
Deposit Power Bank Phone Number	+61 1800 678 979
Customer Care Number	+61 1800 678 979
Phone (Deposit Power Bank Complaints Number)	+61 1800 678 979
Deposit Power Bank head office Address	Level 7/60 Pitt St, Sydney NSW 2000, Australia