Growing with our community.
Summerland is your local community bank owned by its members and run for its members. Be a part of it.
Growing with our community.
Summerland is your local community bank owned by its members and run for its members. Be a part of it.
Growing with our community.
Summerland is your local community bank owned by its members and run for its members. Be a part of it.
What is a Transaction Account?
Our accounts offer you many ways to manage your money. You can use your card, withdraw cash from an ATM or visit one of our branches.
Everyday
Get quick access to your money whenever you need it. It’s as simple as that!
Everyday Basic
Gold Class
The easy way to manage your money
With a user-friendly display and enhanced safety features, we are making your banking even easier, faster and more secure.
Personalise your banking
Manage your budget
With a quick balance widget, real time balance, alerts, and easy roundup features, take control of your finances in seconds.
Payments on the go
Send and receive money using PayID, schedule payments, make international transfers, and use Apple or Google wallet — all at your fingertips.
Safe and secure
Complete with biometric device unlock and secure card management, feel confident your money is safe and secure.
Why bank with us?
A thriving community is central to our vision and how we measure success. Summerland Bank is the people’s bank, serving our local community and together, making it stronger.
Owned by the people, operated by the people
Founded on a belief in the power of the collective, we are a community-owned bank that prides itself on always being there to support our community, in both the good times and the challenging ones.
Banking the way it should be
With branches throughout the Northern Rivers NSW and South East Queensland communities, we offer good old-fashioned customer service with all the bells and whistles of a modern bank.
Quick and easy to get started
Whether it’s your first-ever account or you’re looking for a fresh start with a customer-owned, community-minded bank, we can get you up and running in minutes – online, over the phone, or in a local branch.
Innovative Digital Banking
Our internet banking platform is safe, secure and easy-to-use, so you can check your accounts, transfer funds, pay bills, and access your money. If you’re on the go, it’s more of the same with our user-friendly app. Our app is available for both iOS (Apple) and Android.
ATM Network
Summerland members can access all Summerland ATMs as well as a wide network of ATMs in Australia direct-charge free. This makes it easy to access your cash wherever you are in Australia.
Transaction accounts
Is there a minimum balance requirement?
The good news is that there’s no minimum balance requirement for our Transaction Account. Get started with any amount, and enjoy the flexibility of managing your finances your way, without the stress of maintaining a certain balance.
Can I apply online?
Yes! Get started online in minutes with your ID at the ready. Once we’ve done a quick check of your personal details, you’ll be able to open an account.
Can I open more than one transaction account?
Yes, you can! We know that sometimes you can’t get enough of a good thing.
How long does it take to set up an account?
If you’ve got all of your correct documentation ready, online account set up can take as little as five minutes! Then you can take your time to customise your dashboard and arrange your financial life just as you like it.
Is there another way to apply, other than online?
Absolutely. Though many of our customers choose to set up their accounts in the comfort of their own homes, you can also set up an account over the phone or make an appointment at one of our branches where our friendly local staff will be happy to assist.
1. Eligibility: Must hold a current Commonwealth Senior Health card, Pensioner Concession card or Health Care card. Income must be credited to Everyday Basic account. Proof of eligibility to be provided every 3 years. Limit of one Everday Basic account per customer.
2. Eligibility: must be in receipt of a government aged, veteran or disability pension.
Deposits held with Summerland Bank are protected by the Federal Government Guarantee ($250,000 cap applies – see us for details). This is general advice only and may not be right for you. Please read the Financial Services Guide and Privacy Policy and Accounts and Access Facilities & Conditions of Use before making decisions. Target market determination available on request at our branches.
The easy way to manage your money
With a user-friendly display and enhanced safety features, we are making your banking even easier, faster and more secure.
Personalise your banking
Manage your budget
With a quick balance widget, real time balance, alerts, and easy roundup features, take control of your finances in seconds.
Payments on the go
Send and receive money using PayID, schedule payments, make international transfers, and use Apple or Google wallet — all at your fingertips.
Safe and secure
Complete with biometric device unlock and secure card management, feel confident your money is safe and secure.
Six reasons you’ll love our Savings Account
We’re always looking for ways to support you and provide ways to help you level up your finances. From intuitive budgeting tools to seamless setup, Summerland Bank’s Savings Accounts are expertly designed to give you everything you need on the path to financial freedom.
Simple to set up
Apply online in minutes and experience a new world of banking, the Summerland way.
ATM access anytime
Get access to your money anytime through our network of ATMs across the country.
Quick transfers
Transfer funds quickly and easily, giving you ultimate control over where your money goes.
Start saving immediately
Enjoy instant access to a range of innovative features from the moment you activate your account.
Internet banking
Get real time balances, schedule payments and personalise your dashboard at the click of a button.
Secure your money, fast
Quickly report lost/stolen cards and freeze your finances in seconds to keep your savings safe.
Saving Accounts
Is there a minimum balance requirement?
The good news is that there’s no minimum balance requirement for our Transaction Account. Get started with any amount, and enjoy the flexibility of managing your finances your way, without the stress of maintaining a certain balance.
How do I deposit money into my account?
The most convenient way to deposit to your savings account is to transfer online using internet banking or a banking app. You can even set up round ups to boost your savings!
How often will I earn interest on my savings balance?
Interest is calculated on your balance every day, and paid to your account on the first working day of each month.
Can I withdraw money from my savings account anytime I want?
Absolutely! however if you have one of our Bonus Saver accounts you won’t recieve the bonus interest for any month you make a withdrawal.
Can I open more than one savings account?
Yes, you can! We know that sometimes you can’t get enough of a good thing.
*Account will convert to an Everyday account on turning 18.
Deposits held with Summerland Bank are protected by the Federal Government Guarantee ($250,000 cap applies – see us for details). This is general advice only and may not be right for you. Please read the Financial Services Guide and Privacy Policy and Accounts and Access Facilities & Conditions of Use before making decisions. Target market determination available on request at our branches.
Sending Money – Overseas
We can help you with lightning-fast transfers to pay bills or send that last minute gift in three convenient ways. Transfer money in over 130 currencies to 200 countries. All you need is beneficiary details, including account info, residential address and overseas bank information – need to know more?
1. Internet Banking
- Available via computer or mobile device anywhere with an internet connection.
- Log in to Summerland’s Internet Banking and choose the Overseas Transfer option.
2. Mobile Banking App
- Your finances at your fingertips, with enhanced safety features for peace of mind.
- Select pay from the main menu, then international transfer.
3. Staff Assisted
Prefer a helping hand? Call us at 1300 728 728 and we can help you make your transfer
Receiving Money - Stress-Free
We know that organising a payment into your account from overseas can seem daunting. Let us wash your worries away with our simple Inward Telegraphic Transfer service.
- Great value! Summerland won’t charge you a fee for using our Inward Telegraphic Transfer service (1)
- Lock in a rate for 72 hours (2)
- Simple, easy, and cheap for senders – with our Inward Telegraphic Transfer service the sender completes a local transfer in their local currency, saving time and fees!
1. Fill out the Inward Payment form
With your personal information and Summerland Bank account details, and some details about the payer.
2. Save and Share Payment Instructions
Receive a PDF document containing payment instructions. Send this to your payer and save a copy for yourself.
3. Payer makes the transfer
In their local currency using the payment instructions on the PDF document
4. Receive funds
In Australian dollars directly into your Summerland Bank account.
Still using SWIFT?
If you prefer using SWIFT you can still receive funds to your Summerland Bank account.
Summerland Bank’s Bank Identifier Code (BIC), sometimes known as a ‘swift code’ is ASLLAU2CSCU.
When providing your details to the payer please ensure you include the following information:
- Your full name (no intials)
- Your street address (cannot be a PO box)
- Summerland Bank’s BSB 728-728
- Your account number (not your customer number)
Important: if the transfer has been sent in a foreign currency, the intermediary bank in Australia will convert the transfer into Australian Dollars (AUD) at the foreign exchange rate applicable. When using the SWIFT network Summerland Bank is not involved in the foreign currency conversion. The intermediary bank in Australia and the overseas bank may deduct fees from the funds transferred, as these amounts are not charged by Summerland, we are unable to determine the amounts, or the exchange rate applied.
Understand your SWIFTs, BICs and IBANs
What is a SWIFT/BIC?
- SWIFT stands for Society for Worldwide Interbank Financial Telecommunication
- BIC stands for Bank Identifier Code
Together, a SWIFT and BIC makes up the 8 – 11 character identification code of a bank or financial institution. In an international money transfer these codes help us identify the receiving bank or financial institution, so make sure the ones you use are up to date.
When you send a payment overseas, the SWIFT/BIC code is mandatory and identifies the beneficiary (receiving) bank or financial institution. Some countries will allow the option to enter a Branch number or a SWIFT/BIC code.
Summerland Banks Australia’s SWIFT/BIC code is ASLLAU2CSCU
How to get a SWIFT/BIC for your payment?
You can contact the person or organisation you’d like to transfer to, contact their bank or refer to their bank’s website.
What is an IBAN?
- IBAN stands for International Bank Account Number
When you transfer money overseas, some countries require you to use an IBAN.
An IBAN starts with a two letter country code and will contain between 15 and 34 letters and numbers. The length of an IBAN will differ depending on the country of the recipient. The IBAN should be presented as a continuous string of alphanumeric characters with no spaces (eg. GB29NWBK60161331926819).
Summerland Bank does not have the authority to change an IBAN, so please make sure you have the right details before sending your payment.
Australia does not use IBANs to receive payments and instead use BSB and account numbers.
How to get an IBAN for your payment
You can contact the person or organisation you’d like to transfer to, contact their bank or refer to their bank’s website.
Summerland Financial Services Limited t/a Summerland Bank (“Summerland Bank”) has entered into contractual arrangements with Convera Australia Pty Ltd (ACN 150 129 749; AFSL 404092) (“Convera”), to assist it in fulfilling certain foreign exchange and payment services, including telegraphic transfers. The relationship relating to the services described is solely between you and Summerland Bank. Fees and charges may apply, please refer to the terms and conditions issued by Summerland Bank. Any advice provided by Summerland Bank is general in nature and does not take into account your personal objectives, financial situation or needs. Convera does not give you any advice, general, personal or otherwise. 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.
(1) Payments may be sent via a network of correspondent and/or intermediary banks. In some cases, these banks may charge a small handling fee, which is out of the control of Summerland Bank and Convera Australia Pty Ltd.
(2) Funds must be received by Convera Australia Pty Ltd within 72 hours of the rate quote in accordance with payment instructions for the rate guarantee to be honoured.
Sustainability
We exist for the benefit of our customers and the communities we service.
As a 100% customer-owned organisation, Summerland Credit Union operates by the values that are important to our customers and the greater community.
As a 100% customer-owned organisation, Summerland Credit Union operates by the values that are important to our customers and the greater community.
Rather open an account in person?
Visit one of our local branches
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Why Choose Summerland Bank?
A thriving community is central to our vision and how we measure success. Summerland Bank is the people’s bank, serving our local community and together, making it stronger.
Owned by the people, operated by the people
Founded on a belief in the power of the collective, we are a community-owned bank that prides itself on always being there to support our community, in both the good times and the challenging ones.
Banking the way it should be
With branches throughout the Northern Rivers NSW and South East Queensland communities, we offer good old-fashioned customer service with all the bells and whistles of a modern bank.
Quick and easy to get started
Whether it’s your first-ever account or you’re looking for a fresh start with a customer-owned, community-minded bank, we can get you up and running in minutes – online, over the phone, or in a local branch.
Innovative Digital Banking
Our internet banking platform is safe, secure and easy-to-use, so you can check your accounts, transfer funds, pay bills, and access your money. If you’re on the go, it’s more of the same with our user-fri endly app. Our app is available for both iOS (Apple) and Android.
ATM Network
Summerland members can access all Summerland ATMs as well as a wide network of ATMs in Australia direct-charge free. This makes it easy to access your cash wherever you are in Australia.
We go beyond the typical level of customer service and provide value you can’t get elsewhere.
As a 100% customer-owned organisation, Summerland Credit Union operates by the values that are important to our customers and the greater community.
Archived Transaction account details
A thriving community is central to our vision and how we measure success. Summerland Bank is the people’s bank, serving our local community and together, making it stronger.
Owned by the people, operated by the people
Founded on a belief in the power of the collective, we are a community-owned bank that prides itself on always being there to support our community, in both the good times and the challenging ones.
Banking the way it should be
With branches throughout the Northern Rivers NSW and South East Queensland communities, we offer good old-fashioned customer service with all the bells and whistles of a modern bank.
Quick and easy to get started
Whether it’s your first-ever account or you’re looking for a fresh start with a customer-owned, community-minded bank, we can get you up and running in minutes – online, over the phone, or in a local branch.
Innovative Digital Banking
Our internet banking platform is safe, secure and easy-to-use, so you can check your accounts, transfer funds, pay bills, and access your money. If you’re on the go, it’s more of the same with our user-friendly app. Our app is available for both iOS (Apple) and Android.
ATM Network
Summerland members can access all Summerland ATMs as well as a wide network of ATMs in Australia direct-charge free. This makes it easy to access your cash wherever you are in Australia.
Transaction accounts
Is there a minimum balance requirement?
The good news is that there’s no minimum balance requirement for our Transaction Account. Get started with any amount, and enjoy the flexibility of managing your finances your way, without the stress of maintaining a certain balance.
Can I apply online?
Yes! Get started online in minutes with your ID at the ready. Once we’ve done a quick check of your personal details, you’ll be able to open an account.
Can I open more than one transaction account?
Yes, you can! We know that sometimes you can’t get enough of a good thing.
How long does it take to set up an account?
If you’ve got all of your correct documentation ready, online account set up can take as little as five minutes! Then you can take your time to customise your dashboard and arrange your financial life just as you like it.
Is there another way to apply, other than online?
Absolutely. Though many of our customers choose to set up their accounts in the comfort of their own homes, you can also set up an account over the phone or make an appointment at one of our branches where our friendly local staff will be happy to assist.
The easy way to manage your money
With a user-friendly display and enhanced safety features, we are making your banking even easier, faster and more secure.
Personalise your banking
Manage your budget
With a quick balance widget, real time balance, alerts, and easy roundup features, take control of your finances in seconds.
Payments on the go
Send and receive money using PayID, schedule payments, make international transfers, and use Apple or Google wallet — all at your fingertips.
Safe and secure
Complete with biometric device unlock and secure card management, feel confident your money is safe and secure.
Digital wallet ready
Features
✓ Access real-time balances
✓ No joining fees or setup costs
✓ Available for Apple and Android
✓ Easy to manage multiple accounts
✓ Make transactions in seconds with Osko
✓ Setup scheduled BPAY payments
✓ Regular updates and app improvements
✓ Boost your savings with easy roundups
✓ Setup credit and debit alerts and notifications
✓ Open and rename accounts
✓ Save payees for easy transfers
Schedule a free call back
Choose a time that works for you and our local team will give you a call.
Give our local team a call during business hours (8:30am-5:00pm AEDT or Northern Rivers time, Monday to Friday) on 1300 728 728.
Here are our hot rates!
Talk to us about your Fixed Term Deposit needs.
4.9% for 9 months
For balances from $100,000 to <$1,000,000 with interest paid at maturity. Talk to us about rates for other balances, terms and interest payment types.
4.6% for 3 months
For balances from $100,000 to <$1,000,000 with interest paid at maturity. Talk to us about rates for other balances, terms and interest payment types.
A few reasons you'll love our Fixed Term Deposits
We’re always looking for ways to support you and provide ways to help you level up your finances. From intuitive budgeting tools to seamless setup, Summerland Bank’s Fixed Term Deposits are expertly designed to give you everything you need on the path to financial freedom.
24/7 visibility via app and internet banking
Choice of interest paid monthly or at maturity
Choice of interest paid to your transaction or savings account or capitalised
Minimum balance $1,000
Get started with Summerland Bank
Whether you’re just starting out on your financial journey, or you’re looking to take your banking to the next level, we make it easy. Dedicated to giving you friendly and personalised service, experience the difference of a customer-owned bank with community at heart.
Setup in five minutes flat
Say goodbye to lengthy processes and experience our hassle-free account setup in the time it takes you to hang the washing out.
Help is only a call away
We’re here to make your experience as easy as possible. Connect with us online, visit us at your nearest branch, or simply give us a call on 1300 728 728.
Compare rates on term deposits
Term Deposits
Interest paid at maturity
| Term | $1,000 < $20,000 | $20,000 < $100,000 | $100,000 < $1,000,000 |
|---|---|---|---|
| 3 months | 4.45% | 4.55% | 4.65% |
| 4 months | 3.80% | 3.90% | 4.00% |
| 5 months | 3.80% | 3.90% | 4.00% |
| 6 months | 4.20% | 4.30% | 4.40% |
| 7 months | 4.20% | 4.30% | 4.40% |
| 8 months | 4.20% | 4.30% | 4.40% |
| 9 months | 4.70% | 4.80% | 4.90% |
| 10 months | 4.70% | 4.80% | 4.90% |
| 11 months | 4.70% | 4.80% | 4.90% |
| 12 months | 4.60% | 4.70% | 4.80% |
| 13 months | 4.60% | 4.70% | 4.80% |
| 18 months | 4.70% | 4.80% | 4.90% |
| 24 months | 4.80% | 4.90% | 5.00% |
| 36 months | 3.90% | 4.00% | 4.10% |
| 48 months | 3.80% | 3.90% | 4.00% |
| 60 months | 3.80% | 3.90% | 4.00% |
Fixed Term Deposit Account FAQs
What is the minimum balance requirement?
You can invest with as little as $1,000
Are there any account fees?
Our Fixed Term Deposits are account fee free!
What happens if i need access to my money?
No stress, you can still have access to your money if you need it however there will be an interest penalty. See our fees, charges and transaction limits schedule for details.
