Great Southern Bank

Ratings

3.9

Overview

Great Southern Bank is an Australian bank located in Brisbane, Queensland. It was launched in 2013 and provides its customers with insurance and banking services. On November 1, 2022, the Reserve Bank of Australia (RBA) declared its plan to increase the fund's rate by 0.25%. As a result, Great Southern Bank's interest rates with most shareholders rose by 0.25%.

  • Bank Type

    Member-owned Bank

  • Founded

    1946

  • Headquarters

    Brisbane City, Queensland

  • Industry

    Banking

  • Formerly/Predecessor

    --

  • Subsidiaries

    CUA Health Ltd (Health Insurance) and Credicorp Insurance ltd (consumer credit insurance).

Need Home Loan Assistance?

+61

Pros & Cons-Great Southern Bank

Pros

  • Strict lending policies.
  • Home Loan for Self-Employed.
  • Signup Fees.
  • Customer Support.

Cons

  • High Property Value for First Home Buyers.
  • Strict Age Restrictions.

About Great Southern Bank

Great Southern Bank is a cooperative bank. It is Australia's largest financial sector, including over 40 branches across the country, primarily on the east coast. The call centres are in Sydney and Melbourne. It also belongs to the Customer-Owned Banking Association (COBA) and follows the user-owned financial services code of conduct. The standard Great Southern Bank interest rates savings account is 0.25% p.a. Moreover, if you deposit a minimum amount of $250/month into your savings account, you will be eligible for a lucrative ongoing current bonus percentage of 3.40% p.a.

Features and Benefits

Great Southern Bank is best known for providing exemplary service and its most famous savings account. Great Southern Bank provides the following notable benefits and features:

  • Reasonable Interest Rates: Whether you select loans, deposit accounts, or any other service, the bank will provide an exciting interest rate.
  • Documentation is minimal: If you have existing savings account at the bank, you can get debts and accessible bank deposits with little paperwork.
  • Debt Disbursal: Great Southern Bank is well-known for its quick loan approvals and disbursement. The only thing candidates must focus on is that they possess the relevant paperwork.
  • Flexible Repayment Tenures on Loans: Great Southern Bank provides flexible debt repayment duration of up to five years, allowing you to select a repayment tenure that fits your requirements.
  • Loan Disbursement: Great Southern Bank is well-known for its quick loan approvals and disbursement. The only thing candidates must make sure of is that they possess the required documentation on hand.
  • Flexible debt Repayment Terms: Great Southern Bank provides flexible debt repayment with no additional fees and a personalised interest rate. It also allows you to choose a repayment term that meets your requirements.

Services Offered by Great Southern Bank

Given below are a few services offered by Great Southern Bank to obtain safety for your savings accounts:

  • Online Security: A bank offers good, personalised service and safety safeguards to secure its clients' funds. They have high-tech software layered for maximum effectiveness. Using numerous stages can assist you in constructing a high-quality security shield and decrease your visibility significantly.
  • Identifying theft: When someone steals your authenticity, they generally use your details to commit fraud and other crimes like name, credit/debit card details, proof of identity or additional personal information. So, Great Southern Bank has provided a helpline number 1-866-653-4261 to overcome such issues.
  • Overdraft Safety: Great Southern Bank provides numerous options to manage your account and reduce the risk of an overdraft. Overdraft means an account bank has a deficit caused by withdrawing more funds than the account holds. To overcome such issues, standard overdraft constraints range varies from $300 to $750. Further, after only 30 days or more, accountholders are eligible for overdraft protection. Moreover, it ensures monitoring the account activity, such as consistent deposits and transferring funds.
  • Fingerprint and Facial login: Initially, you’ll always need your customer number and password to log in to digital banking. To avoid repetition, you can also take advantage of special features like fingerprint/facial to log in and for extra security.
  • Net Banking: Clients can sign up for net banking when they open their profile or later. Customers who have access to the account can use the net banking portal to access various banking services. You can access your net banking profile by entering your user ID and password.

Types of Accounts in Great Southern Bank

Some of the types of accounts in Great Southern Bank are as follows:

  • Everyday Accounts
  • Savings Accounts
  • Youth Accounts
  • Term Deposits

Great Southern Bank Opening Hours

Knowing the Great Southern Bank's operating hours will help you determine a visit to the bank. Furthermore, the Great Southern Bank hours on Saturdays differ from those on other weekdays. Great Southern bank's opening hours are listed below:

Monday to  Friday: 8:00 am to 8:00 pm (AEDT)

Saturday: 8:00 am- to 4:00 pm (AEDT)

Seniors Hotline:

Monday to  Friday: 8:00 am to 8:00 pm (AEDT)

Saturday: 8:00 am to 4:00 pm (AEDT)

Great Southern Bank Contact Details / Customer Service

For more details, Great Southern Bank customer service has provided contact details.

For Australian citizens: 133 282

For Overseas: +61 7 3183 3502

Out of hours: 1800 648 027

Unauthorised report transactions

Call us 24*7: 1300 705 750

Seniors Hotline

Call: 1300 363 685

Frequently Asked Questions

How good is Great Southern Bank?

Great Southern Bank is doing good and offering 3.65 % P.a. on the home loan.

Who owns Great Southern Bank?

Credit Union Australia owns the Great Southern Bank.

How do I contact Great Southern Bank?

Customers can dial 133 282 to contact Great Southern Bank with account-related queries or other banking services.

How much cash can I withdraw from Great Southern Bank?

Great Southern Bank allows withdrawal of a limit of up to $5,000.

Why use us?

The customised financial services from UrbanMoney Oceania caters to the varying requirements of the applicant on their fund procurement journey.

Low interest rates

The intricate online model ensures the best interest rates are offered to the customers. The services aim to diminish the overhead costs.

Urban Money Oceania Exclusive Deals

The customers can avail of various exclusive offers available to the customers by UrbanMoney Oceania designed to cater to their budgetary needs.

Australian based support team

Our support team offers tailor-made services to customers intending to conclude loan transactions without any hassle. Available to customers at their convenience.

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