Banking with Us

Accessing your funds

Rural Bank ONE is committed to providing you with convenient, reliable, secure access to your online accounts.

Once your account has been established, you will receive information on how to register for Phone and Internet Banking (compulsory). All Rural Bank ONE accounts holder require Internet and Phone Banking access in order to provide Rural Bank instructions via our Internet Banking secure email. More details about this service can be found on our Internet and Phone Banking page.

For Rural Bank ONE Term Deposits, we will contact you prior to your investment maturity date to determine how you would like to manage your investment in the future. Note: we can not accept Rural Bank ONE Term Deposit or Farm Management Deposit maturity instructions over the phone; these can only be received via the Rural Bank Internet Banking secure email.

Investing with Rural Bank

Rural Bank provides a variety of financial products and services including direct debit* and credit facilities, phone and internet banking.

Our wide range of flexible deposit products has been specifically developed for depositors wanting to earn high interest rates, enjoy bank security on funds invested and obtain easy access to their funds.

Rural Bank offers a choice of investments to meet your short term cash flow needs as well as longer term investment returns. Deposits over $500,000 are negotiable, based on daily professional money market interest rates. For more information, contact Rural Bank Treasury directly on 1800 644 824 or your broker.

We look forward to welcoming you to Rural Bank, offering you high interest rates and products with a strong commitment to customer service.

Invest with confidence

Rural Bank is an Authorised Deposit taking Institution (ADI). ADIs such as banks are regulated by the Australian Prudential Regulation Authority (APRA).

APRA sets and enforces stringent standards designed to ensure that under all reasonable circumstances, ADIs can meet their obligations to depositors. ADIs must comply with APRA prudential standards at all times and are subject to ongoing supervisory oversight by APRA.

The Australian Securities and Investments Commission (ASIC) also regulates Rural Bank.

For further information, please view the Rural Bank Corporate Site.

Financial Claims Scheme

All deposits with Rural Bank are covered by the Australian Government Financial Claims Scheme.

The following has been provided to inform you on the Financial Claims Scheme.

1. What is the Financial Claims Scheme?
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection and quick access to deposits in banks, building societies and credit unions in the unlikely event that one of these financial institutions fails. Under the FCS, certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking institution (ADI) that is incorporated in Australia and authorised by the Australian Prudential Regulation Authority (APRA).
The FCS can only come into effect if it is activated by the Australian Government when an institution fails. Once activated, the FCS will be administered by the Australian Prudential Regulation Authority (APRA). In an FCS scenario, APRA would aim to pay the majority of customers their protected deposits under the Scheme within seven calendar days.

2. How is the FCS limit applied?
The FCS limit of $250,000 applies to the sum of an account holder's deposits under the one banking license. Therefore, all deposits held by an account holder with a single banking institution must be added together towards the $250,000 FCS limit, and this includes accounts with any other banking businesses that the licenced banking institution may operate under a different trading name.

Rural Bank Limited also distributes the Farm Management Deposit product through the Rural Finance brand and this is also covered by the FCS. Both Rural Bank Limited and Rural Finance Farm Management Deposits will be considered under the $250,000 limit when in the same name.

3. Where can I get further information on the FCS?
Further information on the FCS is available on the FCS website - www.fcs.gov.au.


* Requires a Rural Bank security token and terms and conditions apply.

 

Apply now for: