BankVic in Australia
BankVic information: site, contacts
HEADQUARTERS LOCATION:
Level 3, 107 Victoria St, Melbourne
BANK DETAILS:
BSB Number:
704-230
REGULATION & INFO:
ABN:33 087 651 661
AFSL:240293
Status:ASIC Regulated
Bank Group:Australian-owned Banks
More about BankVic:
Overview of BankVic
About BankVic
BankVic is a member-owned bank dedicated to serving those who serve the Victorian community, including police, emergency services, health workers, and public servants. With a mission to build the financial health of its members, BankVic reinvests its profits into better products and community grants. They offer a comprehensive range of personal banking services with a focus on security, fairness, and mutual benefit.
Main areas of activity:
- Emergency Services Support: Specialized products for police and first responders.
- Home & Car Loans: Member-focused lending with highly competitive rates.
- Community Grants: Ongoing support for hospital foundations and police charities.
How to reach the office:
On foot: Located at 107 Victoria St, Fitzroy. It is a 5-minute walk from the Melbourne Central Station or Parliament Station.
By car: Accessible via Victoria St. Public parking is available at the Wilson Parking - 11 Exhibition St.
Bank's Services and Products
Find and compare the best banking products tailored to your financial goals.
Personal Banking
Personal savings accounts
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Applicant must receive an Australian government pension from Centrelink or the Department of Veterans' Affairs (DVA)Features a tiered variable interest rate structure: 4.10% p.a. on the portion of the balance up to $51,800, and 4.40% p.a. on the portion of the balance above $51,800Interest is calculated using the part balance method, meaning different rates apply to each respective tierInterest is calculated daily and paid twice a year on 30 June and 31 DecemberNo minimum ongoing balance or recurring monthly deposit rules are enforcedProvides full access to funds through both online banking and physical branch networks
Personal transaction accounts
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Requires eligibility for BankVic membership (primarily serving police, emergency services, and health sectors)Available for individuals aged 14 years or overNo minimum monthly balance or regular deposit rules are enforcedComes with a linked Visa debit card supporting contactless payments and digital wallets (Apple Pay, Google Pay, Samsung Pay, Garmin Pay, and Fitbit Pay)Supports nearinstant transfers via Osko and PayID, alongside NPP, direct debits, and BPAYAn Authority to Operate can be appointed to oversee the account managementThis account does not pay credit interest and is unsuitable for wealth accumulation
