Welcome to Better Banking
Why Us?
Member First
We’re here to help. We prioritise your needs above all else.Trust & Service
We provide reliable and responsive service to ensure you feel valued and understood.Great Value
Choose from a range of highly competitive and award-winning products.Environmentally Friendly
We 100% offset our carbon emissions and support environmental and conservation projects.Our Everyday Banking Accounts
Everyday Accounts
Our essential set of everyday banking accounts for your income, bills and everyday transactions. We offer low and no fee options, a great app, mobile payments and more.Savings Accounts
Dedicated accounts to help you reach your goals and grow your savings. Enjoy higher interest, instant account access and more.Kids Accounts
Dedicated transaction and savings accounts for under-18’s to help them manage their money responsibly.Term Deposits
Lock in a great rate with our term deposits from 3-24 months.No fee term deposits for high returns over longer periods of time.
Accessing your money
Internet banking & mobile apps
Free transactions at any of the Big 4 bank’s ATMs
Apple & Google Pay
Counter Service at 3,500 Australia Post locations
Our Essential Accounts Package
Spend
Spend is a dedicated account for your income and day to day spending. It includes a linked Visa debit card, free withdrawals through any of the major banks' ATMs and a range of electronic payment options.
Bills
Your Bills account is used to set aside money for your regular bills and payments. You can use BPAY, set up regular payments and automatic alerts to help you keep track of your money.
Savings+Bonus
Savings+Bonus is a savings account designed to help you reach your short-term goals. Benefit from bonus interest when you deposit $100 or more per month and make no withdrawals.
Kids Bonus Saver
5.55% p.a.
By depositing $5 per month and making no withdrawals
On Balances up to $5,555
Terms and conditions apply
Government Guarantee
Deposits in First Option Bank savings and investment accounts are insured by the Australian Government Financial Claims Scheme – up to a total of $250,000 per member. This provides you exactly the same protection as you would get from the major banks. Read more about the Deposit Guarantee.