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Effective from 5 December 2024, Bank Australia will change the name of the Premium Home Loan Package to Offset Home Loan. Read more about our home loans.
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With improvements in payment services across the banking industry, we’re increasingly seeing customers choose digital options. This shift means we’re phasing out cheques at Bank Australia starting 12 January 2024, for existing and new accounts. We understand this will come as a change for some and we’re here to do our best to help you bank in ways that suit you.
Cheque and deposit books (new and replacement) will no longer be available to order
All cheque services will become unavailable at Bank Australia
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Cheque services include:
Cheque books: using your current cheque and deposit book or requesting a new one
Bank cheques: requesting a bank cheque
Branch cheque deposits: depositing a cheque at a Bank Australia branch
There are many alternatives to paying via cheque. We can help if you aren't sure what's best for your situation. Here are some examples:
Pay a bill
Using the app or internet banking to make a BPAY® payment or ‘pay someone’ using BSB/Account number, direct debit or PayID.
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Send money to someone
Using the app or internet banking to ‘pay someone’ using BSB/Account number, direct debit or PayID.
Deposit into your account
Visiting Australia Post with Bank@Post services where you can deposit cheques and cash (up to $5,000 cash) or using the app or internet banking to make a BPAY®, direct debit or PayID.
Make a super contribution
Using the app or internet banking to make a BPAY® payment or ‘pay someone’ using BSB/Account number, direct debit or PayID.
Pay a loan
Setting up a direct debit or using the app or internet banking to ‘pay someone’ using BSB/Account number, direct debit or PayID.
Pay a bill
Using the app or internet banking to make a BPAY® payment or ‘pay someone’ using BSB/Account number, direct debit or PayID.
Send money to someone
Using the app or internet banking to ‘pay someone’ using BSB/Account number, direct debit or PayID.
Deposit into your account
Visiting Australia Post with Bank@Post services (you can deposit up to $5,000 cash) or using the app or internet banking to make a BPAY®, direct debit or PayID.
Make a super contribution
Using the app or internet banking to make a BPAY® payment or ‘pay someone’ using BSB/Account number, direct debit or PayID.
Pay a loan
Setting up a direct debit or using the app or internet banking to ‘pay someone’ using BSB/Account number, direct debit or PayID.
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We’ve made the decision to phase out cheques because of changes in payment services across government, retail and the banking industry.
Over recent years, we’ve seen increased demand from our customers for digital banking services, and a rapid decline in the use of chequebooks.
Now, with the Australian Government announcing that cheque services won’t be available beyond 2030, we’re getting ahead of this change to make sure you have the information and services you need to do your banking without cheques.
Recently we’ve seen customers continuing to take up our digital services through app, internet banking, digital wallet and PayID.
The digital uptake of our customers alongside our payment provider removing cheque services across the industry means we’re required to look at how we can best service our customers online and in person into the future.
From 12 January 2024, new and replacement cheque and deposit books will no longer be available to order. All current cheque books will remain valid until 28 March 2024.
Customers will need to make contact with the sender to arrange a transfer of funds or they can deposit cheques via Bank@Post.
For security reasons, we ask that customers safely destroy their cheque book or return to Bank Australia for destruction.
Unfortunately, any cheque presented after 28 March 2024 will not accepted.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
