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BACK TO SCHOOL TIPS

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Let’s face it; sending your kids to school is an expensive task. Every parent and carer goes through the process of purchasing new uniforms, stationery, school shoes, school bags and all the other hidden costs that pop up during the year. With kids going back to school in the next few weeks, we had a look at four easy ways to save on back to school supplies.

  • If they don’t need it don’t buy it

Before heading out to the shops for stationery supplies, check what your child has in their current pencil case. Make a list of what is broken or missing that needs replacing. Most of the time the pencil sharpener they had in their pencil case last year, will work perfectly fine and doesn’t need replacing.

  • Leave the kids at home

Organise a time to go school supply shopping without the kids. It will be much easier to stick to your shopping list and they can’t guilt you into buying a fancier notebook or glitter pens. Leaving them at home will also save you money and time.   

  • Label everything

If your child takes it to school… Label it, from jackets to shirts to pencils. If it’s labelled, it will most likely be returned to your child. This will save you money instead of buying replacement items.

  • Start early

The back to school period is always a busy one at shopping centres and sometimes if you leave it too late all the school supplies are sold out. Getting in early could save you the stress of standing in queues. Some department stores allow you to layby stationery so you’re guaranteed your back to school shopping list.

If you follow these top tips your back to school experience will be a breeze.

For more tips on reducing back to school costs, click here for the ASIC Money Smart Guide. 

 

Happy New Year

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Start 2018 working out your financial goals for the year ahead. You might choose to set up a budget, buy a car, save for a house or start investing. For many people saving money can be challenging, there are always unexpected costs in everyday life. Sometimes small changes to your spending habits can make a big difference to your bank balance. Here are a few useful tips to help you save money: 

 Set up a Budget  

  • Set up a monthly budget and stick to it all year long
  • Reduce your spending where you can each month

Reduce your Debt

  • Work out a plan to reduce your debt in 2018
  • Reduce unnecessary spending
  • Sell items which can help to pay of your debt

Begin to Save

  • Set up a savings goal. Open a bonus saver account and get rewarded by regulary depositing funds into it
  • Save on utilities and bills 
  • Take your own lunch to work as oppose to eating out
  • Have a goal in mind for example: Buying a house, Investing in shares or saving up for that dream holiday
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Osko by BPAY™

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Pay and get paid faster

Osko® is a new way to pay with Internet and mobile Banking that’s as fast as cash – without the hassle of cash. Whether you’re paying a tradie, splitting a bill or giving money to family for something urgent –the money will be there in minutes.  

Whats not to love about Osko®?

  • Faster payments across over 50 institutions - and more to come
  • Available all day, every day - even weekends
  • You can use a PayID to pay and get paid with something simple like a registered mobile, email or ABN. Or you can still use a BSB & account number.
  • It's backed by BPAY and us, so it's very secure
  • You can use 280 characters of text to describe who's getting paid and why

How to use Osko®

You will be able to use Osko via Internet and mobile banking. we will let you know closer to the launch date, in early 2018. 

Find out more about PayID

It’s a smart address for payments, created by linking a bank account to a recognisable and memorable piece of information used in everyday life, such as an email address or mobile number. While the PayID can only link to one bank account at a time, accounts can have more than one PayID. A PayID can be a mobile number, email address, ABN. A PayID provides greater convenience and peace of mind as a customer no longer has to disclose their BSB and account number to receive payments.

 

Want to know more about Osko®? visit osko.com.au

 

 

   

Why our Bankstown City Unity Bank low rate visa is an Experts Choice Award-winner

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Our much-loved visa credit card recently took home an Expert's Choice Award for Low Rate Credit Card from financial comparison site, Mozo.

Now in their fourth year, the awards recognise great value credit cards across 13 different categories. This year, over 190 credit cards from 65 financial institutes were analysed and awards were given to only the top 10% in each category.

“There are so many types of credit cards on the market, and finding the right fit for you can make a huge difference to your bottom line,” said Mozo Director Kirsty Lamont.

“The beauty of low rate cards is that they won’t break the bank if you wind up carrying a balance for a while. So for this category our experts took into account how much the card would cost a spender who carried a reasonably hefty balance and had to pay interest on it.”

Our Bankstown City Unity Bank Visa Credit Card comes with a low purchase rate of 7.99% for the first 6 months, and just 10.12% after that.

“Many cards on the market are packing interest rates as high as 21.99% - more than double the regular purchase rate of a Bankstown City Unity Bank Visa, and nearly 3 times higher than the introductory rate,” pointed out Lamont.

Learn more about our award-winning visa credit card here.

 

Fee Changes Result in Larger Free-ATM Network

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In recent weeks, several of Australia’s major banks have resolved to abolish withdrawal fees for non-customers. Commonwealth, Westpac, ANZ, and NAB have all announced that they will no longer charge other financial institution customers for the use of their ATMs.

What does this mean for Bankstown City Unity Bank members?

In addition to the rediATM, NAB, and Cashcard network, you can now use ATMs branded by Commonwealth, Westpac, and ANZ without incurring a Direct Charge withdrawal fee.

Please be aware of the following:

  • Your use of rediATMs, NAB ATMs and Cashcard ATMs is unaffected by this change
  • Fee-free transactions may not yet be available at all ATMs as these changes will take time to be implemented across Australia
  • Some ATM brands may apply fees at some locations and not at others
  • Current account fees are not impacted by this change, such as: Excess Transaction Fees

Some ATM owners may charge a fee for using their ATM. This fee will be disclosed upfront, providing you with the option of cancelling the transaction without incurring the fee.

If you have any questions or concerns with the changes to the ATM fees, please contact one of our Member Service Officers on 1300 65 4477.