Auswide Bank at a Glance

Auswide Bank is a customer-owned bank that's been around since 1980. It's based in Bundaberg, Queensland, and has a strong presence in regional areas.

Auswide Bank has over $2.4 billion in assets and more than 50,000 customers. That's a significant presence in the banking industry.

The bank offers a range of products and services, including home loans, personal loans, and credit cards.

Auswide Bank has been around for over 57 years. They have a long history of providing banking services to Australians.

Auswide Bank has 16 branches located primarily across the Queensland east coast. This makes it a regional bank with a strong presence in the area.

Auswide Bank offers a range of personal banking products and services, including loans, savings, and investments. They also provide insurance, foreign exchange, and banking services.

Auswide Bank has an Australian Credit Licence and an Australian Financial Services Licence issued by ASIC. This shows that they meet the necessary regulatory requirements to operate in the industry.

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Auswide Bank is an Authorised Deposit-taking Institution prudentially supervised by the Australian Prudential Regulation Authority. This means they are subject to regular oversight to ensure their stability and security.

Their focus is on home ownership for everyday Australians. This suggests that they cater to the needs of individuals and families looking to purchase or own a home.

Auswide Bank has appointed experienced leaders, including Gary Dickson as Chief Financial Officer and Brett Morgan as Chief Executive Officer.

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Auswide Bank has its corporate office locations based in Bundaberg and Brisbane in Queensland, Australia.

These locations are the hub of the bank's operations, where you can find the teams working behind the scenes to bring you banking services.

Auswide Bank's presence in these two cities is a testament to its commitment to serving the local community, with a focus on providing personalized banking solutions.

Auswide Bank's corporate office locations are based in Bundaberg and Brisbane in Queensland, Australia. This allows them to effectively serve their customers across the region.

Their presence in Bundaberg and Brisbane is a testament to their commitment to the local community.

A key aspect of any bank's operations is understanding where its sales are coming from. AUSE BANK's sales have been steadily increasing in Australia.

In the fiscal period of June 2020, AUSE BANK reported 76.63 million in sales from Australia.

The sales from Australia continued to grow, reaching 87.93 million in June 2021, and 95.15 million in June 2022.

By June 2023, AUSE BANK's sales from Australia had reached 101 million.

Auswide Bank's new CEO, Mr. Snell, commenced his role on a specific date, but unfortunately, the article doesn't specify the exact date. However, it does mention that Greg Kenny, the interim managing director and CEO, assumed the role on December 11, 2023, to support the executive leadership team during the transition.

Greg Kenny's extensive career with Westpac Banking Corporation and St.George Bank Ltd is quite impressive. He held various positions, including managing director (NSW and ACT), general manager, corporate and business bank, and general manager, group treasury and capital.

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Auswide Bank's chair, Sandra Birkensleigh, thanked Kenny for his contributions to the organization over the past four months. She acknowledged that his valued contribution enabled a smooth transition and handover for Mr. Snell.

Mr. Snell's background and career span 25 years in domestic and international financial services. He previously held roles at BOQ, Commonwealth Bank of Australia, and StockCo.

Here's a brief overview of Mr. Snell's previous roles:

The non-major bank, Auswide Bank, confirmed that Mr. Snell's previous role as CEO of StockCo ended in April this year.

Auswide Bank has been making some significant changes to its leadership team. They appointed Gary Dickson as their Chief Financial Officer on February 18th, and also brought on Brett Morgan as their new Chief Executive Officer on the same day.

Auswide Bank has been in the news for a major merger with MyState. The two regional banks have entered into a binding scheme implementation agreement, marking a significant development in the banking industry.

In a recent interview, the outgoing CEO of Auswide Bank shared his thoughts on the big four banks' mistakes and his experiences in boom-time Western Australia. This insight provides a unique perspective on the banking industry.

Auswide Bank has noticed that competition for deposits has decreased, which they attribute to a "traditional bank war cooling". However, they're now concerned that neobanks might be being too aggressive in their marketing efforts.

Auswide Bank offers a variety of transaction accounts to suit different needs. The Everyday Access Account is a great option for those who want unlimited free transactions, including ATM access and EFTPOS purchases.

You can choose from four different transaction accounts: Everyday Access Account, Cash Management Account, Everyday Pension Account, and Everyday Club Account. Each account has its own unique features and benefits.

Here's a brief overview of each account:

With Auswide Bank, you can bank from anywhere using their mobile banking platform.

Internet banking is a convenient way to manage your accounts and loans from anywhere, without extra fees.

You can use a personal computer, portable computer, or even your mobile phone to bank online.

AUSWIDE Bank has a flexible online banking platform that makes it easy to take care of your account activity at your convenience.

You'll need to complete and sign an online banking application and maintenance form to get started.

AUSWIDE Bank offers a range of transaction accounts to suit different needs. You can choose from an Everyday Access Account, a Cash Management Account, an Everyday Pension Account, or an Everyday Club Account.

The Everyday Access Account provides unlimited free transactions for a flat monthly fee, including the use of a linked Cashcard. This makes it a great option for everyday banking.

The Cash Management Account requires a higher minimum balance, but offers interest earnings on larger balances. You can also waive the account keeping fee by meeting the minimum balance requirement.

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The Everyday Pension Account is designed for Australians receiving a Centrelink pension, and pays interest as outlined by the Federal Government Deeming assessment rates for a single pension. The monthly account keeping fee is also waived for this account.

The Everyday Club Account is designed for not for profit organisations and clubs, and charges no fees for transactions. It also pays a competitive interest rate on your balance into the account quarterly.

Here are the different types of transaction accounts offered by AUSWIDE Bank:

AUSWIDE Bank offers a range of savings accounts that cater to different needs and preferences. The Online Saver account allows you to earn a competitive interest rate without any fees or minimum balance requirements.

You can also consider the Bonus Plus Saver Account, which pays bonus interest if you meet certain deposit and withdrawal terms. This account is linked to your everyday account, making it easy to manage your savings.

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The Ziggy Kids Saver Account is designed for kids up to 15 years old, offering a competitive base interest rate and the chance to earn bonus interest with regular deposits. Kids also receive a gift when they sign up with an opening deposit of $20 or more.

AUSWIDE Bank's savings accounts are also flexible, with no terms to meet in order to receive your interest payment.

Here's a summary of AUSWIDE Bank's savings accounts:

AUSWIDE Bank's online banking platform is flexible and accessible, allowing you to bank from anywhere without extra fees. You can manage your accounts and loans using a personal computer, portable computer, or mobile phone.

AUSWIDE Bank offers term deposits with a minimum deposit of $500, giving more Australians access to higher interest rates.

AUSWIDE Bank allows you to choose the length of your term deposit, ranging from one month to five years.

You can select an interest payment frequency that suits your needs, so you can earn interest on your money at a pace that works for you.

If you commit to a term deposit, be aware that your money will be locked until the term is reached, so make sure you can part with those funds for the specified length of time.

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Auswide Bank has made some significant changes in their leadership team. Gary Dickson was appointed as the Chief Financial Officer on February 18.

Auswide Bank also announced the appointment of Brett Morgan as their Chief Executive Officer on the same day.

On February 18, Auswide Bank underwent some key personnel changes, with Gary Dickson taking on the role of Chief Financial Officer, and Brett Morgan becoming the Chief Executive Officer.

Here's a summary of the appointments: