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COVID-19 assistance

Adelaide Bank has supported customers through good and tough times for over 150 years, just as we’re here for you now. We are doing our utmost to service every one of our valued customers during the COVID-19 pandemic.

Financial difficulty assistance

We understand the impact of the coronavirus (COVID-19) could affect you financially. The following financial assistance package is available for affected Bendigo and Adelaide Bank customers nationwide:

  • Customers can apply for relief for up to six months on home loans, business loans, line of credit and credit cards.*
  • Waiver of interest rate reduction for early withdrawals on term deposits prior to maturity

To apply for relief on home loans, contact our Mortgage Help Centre on 1300 650 259 or complete our Personal Financial Assistance form.

*Important information

FAQs

No, there is no change to online banking transactions or payments – they are still being processed within the same timeframe as they always have.

The Government’s economic support package consists of two payments of $750 for eligible recipients. You can expect to receive the first $750 deposited into your nominated myGov account between 31 March and mid-April 2020. The second payment will be deposited from 13 July 2020.

For more information, or to check your eligibility, visit the Department of Social Services website.

As an essential service, bank branches and ATMs remain open. There may be a limited number of instances where a branch needs to temporarily close, however customers affected will be directed to a branch nearby.

Some ATMs may not be accessible depending on their location (those within malls that may have closed).

Please check your local Bendigo Bank branch operating hours as these may have changed.

You can access your accounts, check your balance, pay bills, change your PIN, and perform everyday transactions 24 hours a day via Online Banking or the Adelaide Bank app.

To get started with Online Banking call 1300 135 481 and provide your customer number to register (your Customer Number can usually be found on the top right hand corner of your statement of account.)

If you have a smartphone, download the Adelaide Bank app from the Apple Store (iPhone) or Google Play (Android).

For more information on Online Banking visit our Online banking support pages.

If you’re worried you might not be able to make your scheduled repayments on your home loan, business loan, line of credit or credit card, talk to us. We can help by reducing or deferring your repayments, restructuring your loan/s, waiving fees, and offering credit options for eligible customers.

Home loan customers have the option of deferring their repayments for up to six months, with interest capitalised (meaning interest and fees will be added to your loan balance with either the term of the loan extended, or payments increased after the deferral period).

Based on your circumstances, you can defer your home loan repayments for up to six months. If you choose to do this, interest and fees will still be added to your loan balance during that time.

Once the deferred period finishes, we’ll work with you on a plan to repay the amount you’ve deferred. This might involve increasing your minimum repayments for the deferred period or extending the term of your loan.

As always, we’re here to help discuss your options and how they’ll affect you.

We will contact you to ask whether your situation has improved and will discuss further assistance if required. When your arrangement ends, the following options are available:

  • You can repay any outstanding repayment arrears, if any, at the end of the financial assistance arrangement
  • You can make a repayment plan to pay any outstanding arrears over an agreed period
  • We can recalculate the repayments of the loan based on the capitalised interest accrued for the loan to remain on the current loan term
  • We can extend the term of your loan

A payment pause or deferral will not show as missed payments in your credit report. To learn more about your credit score and credit report visit CreditSmart.

If you find another job or return to your place of employment, we encourage you to contact us to discuss more suitable arrangements based on your changed circumstances.

Yes. Customers are eligible for assistance/hardship arrangements even if they are ahead on their loan.

Yes. You can redraw any available funds on your loan at any time, even if you have an assistance/hardship arrangement with us.

Tap & Go limits

The Australian Payments Network has confirmed that the payments industry will be temporarily increasing the limit for Tap & Go transactions that require a PIN from $100 to $200 to reduce the need for physical contact with the payment terminal.

The new $200 limit is expected to apply for a three-month period and will be extended if required.

Our Visa Credit card holders will begin to see Tap & Go transactions up to $200 being approved without a PIN being required.

As this will be a gradual roll-out, card holders should be guided by following the PIN pad prompts when making purchases.

Cash cards are not enabled to complete Tap and Go payments and will be unaffected.

Fixed home loan interest rate cut

Our new fixed home loan interest rates have been cut by 0.4% for 1, 2 and 3-year terms, for owner occupiers and investors. See all fixed rates here. If you are currently on a variable rate and would like to switch to a fixed rate, please call our customer service team on 1300 652 220.

General support

If you have general questions or need assistance with your banking options, please call our customer service team on 1300 652 220 or Secure email via Online Banking.

Account access

As always, you can access your accounts, check your balance, pay bills, change your PIN, and perform everyday transactions 24 hours a day via Online Banking or the Adelaide Bank app. To download the Adelaide Bank app visit the App Store (iPhone users) or Google Play (Android users).

Federal Government COVID-19 economic package

The Federal Government has announced a second stage COVID-19 economic package. We’ll make sure income support and other payments made by the Government are processed as quickly as possible.

More about COVID-19

For the latest health information visit the Department of Health Website, and for the latest travel information visit the Australian Border Force or Home Affairs website.

For Australian Government’s Economic Response visit the Treasury website.

Scams involving COVID-19

For information on how to keep yourself safe online visit Stay Smart Online website.

If you think you've been scammed, call us on 1300 652 220 immediately.

Based on your circumstances, you can defer your home loan repayments for up to six months.

If you choose to do this, interest and fees will still be added to your loan balance during that time.

Once the deferred period finishes, we’ll work with you on a plan to repay the amount you’ve deferred.

This might involve increasing your minimum repayments for the deferred period, or extending the term of your loan.

As always, we’re here to help discuss your options and how they’ll affect you.

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Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.
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