Alert

Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.

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2022-04-28 10:05 am
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Win one of twenty $500 gift card vouchers*

Win one of twenty $500 gift card vouchers*

Win one of twenty $500 Gift Card Vouchers

To be eligible for this Promotion, simply send or receive money overseas in foreign currency using our International Payment service between 28 April 2022 and 30 May 2022, to go into the draw for a chance to win a $500 gift card voucher. *Terms and Conditions apply.

Terms and conditions

Promotion starts 28 April 2022 9:00 AM AEST and closes 30 May 2022 11:55 PM AEST (“Promotion Period”). Entry to the Promotion is open to Australian residents in all eligible states/territories, who fulfill the method of entry requirements/ eligibility requirements who is a customer of Bank Australia and sends an international payment in foreign currency via a telegraphic transfer, or receives an inwards telegraphic transfer payment in foreign currency via the Bank Australia branch or its online payment system, during the Promotion Period. For the avoidance of any doubt, drafts and/or foreign cheques are not eligible transactions for this Promotion. Employees of Bank Australia and Western Union Business Solutions (Australia) Pty Limited are not eligible. Prize is one of twenty (20) AU$500 gift card vouchers. Prize draw 3.00pm AEST Monday 6 June, 2022. A customer can receive a maximum of one AU$500 gift card vouchers. Winners will be notified via Email or Phone/SMS within two business days of the draw and published on www.tpal.com.au/promo/win-voucher. ACT Permit No. TP 22/00592 and SA Permit No. T22/457. For full T&C’s refer to www.tpal.com.au/promo/win-voucher.

Bank Australia ABN 21 087 651 607 AFSL/Australian Credit Licence 238431 has entered into contractual arrangements with Western Union Business Solutions (Australia) Pty Limited (ACN 150 129 749; AFSL 404092) (“Convera”) whereby Convera assists in fulfilling certain foreign exchange and payment services offered by Bank Australia to its customers (including telegraphic transfers). Fees and charges may apply, please refer to the Terms and Conditions issued by Bank Australia. The relationship relating to the financial products (other than Drafts) is solely between you and Bank Australia. Any information provided in this communication is factual information only. Convera does not give you any advice (general, personal or otherwise). Any advice provided, is provided by Bank Australia or your adviser. This communication has been prepared solely for informational purposes and does not in any way create binding obligations. No representations, warranties or conditions of any kind, express or implied, are made in this communication. Convera does business under the Convera name and is not affiliated with The Western Union Company and plans to change its name to Convera Australia Pty Ltd in 2022. The Western Union Company or its affiliates own all rights in the Western Union name1. Based on periodic comparisons against publicly available rates for comparable services from 4 Australian banks. Convera will hold a quoted exchange rate for 72 hours. The payment will need to reach Convera’s nominated account within this time frame for Convera to honour the quoted rate. 2. For incoming international payments, Convera processes over 25 currencies fee free however some exotic or other currencies may attract fees. In some instances, intermediary banks may levy additional fees and/or charges. 3. Whilst we can typically deliver funds to beneficiary banks in 2 to 3 business days (non-exotic currencies), beneficiary banks can sometimes take up to five business days to credit those funds to the applicable beneficiary account. Please note there are no delivery period guarantees.

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