The Bank of South Australia is a major part of the landscape and community of the State having opened its first branch in 1848. Bank SA is South Australia’s main provider of mortgages, personal finance and rural banking services and also takes part in community and the state events as well as making donations to around 100 South Australian and Northern Territory-based charities a year. Bank SA also makes sure to grow with its customers and so will make sure that your financial products are properly integrated and allow you to make the most of your money to live the life you want.
Why Choose Bank SA?
Bank SA is much more than a local State bank and is committed to supporting and growing the community and local businesses and this is reflected in the high level of service you will receive from Bank SA staff. Bank SA are also set apart by:
- Commitment to their customers. Bank SA always strive to stay on top of the things that matter most to their customers such as customer service, and access to ATMs around South Australia. Plus when you are outside of South Australian you can also use Westpac ATMs without attracting foreign ATM fee.
- Keeping you up to date. Bank SA can organise for you to receive e-mail and SMS alerts so you can monitor your account balances easily from wherever you are. You can set up alerts which notify you when you have a low balance, or one which notifies you when a direct debit has been made.
- Protecting your credit and account details. Bank SA is committed to minimising credit card fraud and monitor your usual card activity so that they are able to detect when transactions are made outside of your normal spending behaviours as this can indicate someone other than you is using your card. Bank SA will then contact you if they detect unusual spending via SMS, asking you to call them back using the number on your credit card for added security. If you confirm or report fraudulent activity on your card Bank SA will block access and prevent more spending. If the spending is particularly unusual and they can’t get in contact with you the bank may block your card access as an added security measure to prevent more damage.
- ATM and EFTPOS skimming prevention. All Bank SA ATMs are fitted with anti skimming technology so that your details cannot be stolen from using a compromised ATM. Bank SA ATMs also have PIN protection shields and your EFTPOS transactions remain protected by continual monitoring.
Bank SA Balance Transfer Credit Cards
If you want to join Bank SA but you already hold a credit card account with another provider, you can transfer the balances of those accounts to Bank SA to take advantage of better services and products, as well as much lower interest rates. Below we answer any question you might have about the Bank SA balance transfer.
What is a Bank SA balance transfer?
It is when you transfer the balance from non-Bank SA credit card to your new Bank SA credit card which means your existing credit cards and store cards are repaid and the balance is now on your Bank SA card which has a lower interest-rate to save you money.
Why use a Bank SA balance transfer card?
When you make a balance transfer to a Bank SA card with a low interest rate you are saving money on interest, and are able to repay your balance is faster thanks to paying less interest, plus you can make just one credit card payment each month if you consolidate several credit card balances.
How do I make a Bank SA balance transfer?
If you are a new Bank SA customer you can make a transfer during your credit card application which is the best time to organise your transfer because the balance transfer offer starts from the time your account is opened. If you are already a Bank SA customer you can complete a balance transfer request form or apply for a balance transfer through Internet banking and you can make as many balance transfers as you choose.
How long does a Bank SA balance transfer take?
A Bank SA balance transfer can take up to 14 days to be processed, and if you are a new customer you must be aware that your transfer will only begin to be processed after you activate your card and have passed an identification check so you should ensure you make monthly repayments on your old credit card until you are notified the balance transfer has been successful.
What else do I need to know about a Bank SA balance transfer?
You will have to be aware that your balance transfer will not be processed if:
- You are transferring an amount from a Bank SA credit card.
- You are transferring an amount from a credit card is not issued in Australia.
- You are transferring less than $500.
- Your transfer amount is more than 95% of your available credit limit.
- Your credit account is overdrawn or in arrears.
What happens to my old credit card?
Once your balance has been transferred to Bank SA you can decide whether to keep or close your old credit card which now has a zero balance. Bank SA does not close your old credit card as part of the transfer offer and you will have to arrange this directly with your old provider.
Bank SA balance transfer offers include:
The range of Bank SA credit cards and balance transfer offers are unique and inclusive to help you choose one which will best suit your needs and help you take control of your credit card debt, as well as ensure you end up with the best credit card once your balance is repaid.
Posted on Friday, June 4th, 2010 at 11:52 am
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