Circle Alliance Bank

Circle is announcing that from the 1st July 2019 the following changes will be made to our interest rates.

Home Loans  Principle & Interest  ↓ 0.20% Interest Only ↓ 0.15% Savings Account  All accounts receiving interest ↓ 0.20%

If you know of any family, friends or work colleagues who would benefit from our products and services please pass on our contact details. All referrals are greatly appreciated.

Well done to the Deer Park staff for a successful night and fundraiser.

Thank you to all of our generous supporters who helped us raise over $4,500. Your donations and kind words of support meant the world to us.

About the night

343 teams comprising 1938 participants attended the 2019 Sleep at the ‘G event. Together we raised just over the target of $1,200,000 to help Melbourne City Mission ‘put youth homelessness to bed.’

It was a little cold (7°C) that night, the ground was a little hard

Did you know:*

40% of Victorians suffering homelessness are under 25 years of age There are over 6,000 youth who are homeless in Melbourne today There aren’t even 150 refuge beds available for homeless youth Melbourne City Mission (MCM) assists the homeless as young as 12 years old Domestic/family violence was a factor in over half of cases presented to MCM 43% of youth assisted by MCM had a mental health diagnosis and 35% had concerns about their mental health Many homeless youth

CIRCLE Alliance Bank Visa debit and credit cards can now be added to digital pay solutions Apple Pay, Google PayTM and Samsung Pay. See below to find out how to add cards and transact depending on the device you're using.

Find out more here.

How to be aware of Phishing Scams

Phishing scams are attempts by scammers to trick you into giving out personal information such as your bank account numbers, passwords and credit card numbers.

How does this scam work?

A scammer contacts you pretending to be from a legitimate business such a bank, telephone or internet service provider. You may be contacted by email, social media, phone call, or text message.

The scammer asks you to provide or confirm your personal details. Or, they may ask you to fill out a customer survey

Do Good Banking Launch

CIRCLE is excited to announce the launch of its Do Good Product Suite.

We want to do more for your community using our business as a force for good. CIRCLE is unique as a social enterprise and a huge percentage of what we do is redistributed back into social shared outcomes. We have realigned our products to better help us fulfil philosophy.

How do we do it?

We provide Do Good Banking Products For every Do Good Product we provide, a contribution is made into the Do Good Community

Your Phone is now your wallet

Imagine never having to fiddle through your purse or wallet again to pay for anything at the checkout. A new, convenient way to make payments is coming to CIRCLE. Soon our customers will have the ability to replace their wallets with a secure digital version. Here are 4 reasons why you should consider launching your digital wallet

1. You already have the technology

If you own either an iPhone, Google phone or a Samsung device, you already have what you need to start. No need to get any

PayID and Osko are here!

PayID and Osko are two exciting innovations that will change the way you bank. With PayID you can use a mobile number or email address to pay someone – or be paid by someone. No need to remember your BSB or account number. Better still, Osko will process the payment in real time.

Fast. Simple. Secure.

Easy To Remember

We understand remembering your bank account details isn’t always easy. PayID has been developed by Australian banks, to make sending and receiving

Do you want to make payments that will arrive in seconds?

Thanks to Osko and PayID, you will soon be able to do just that. Payments can be made 24/7, using just an email address or mobile phone number and the payment will be received in as little as 15 seconds! While we set up and test in the background, you also have an important task.

Please make sure your details are up to date. You can log in to internet banking, select the My Preferences tab and select Update Contact Details, or call us

From the 1st June 2018 the following savings account rates will change:

AccountOld RateNew Rate All at call accounts (S1, S3, S5, S6, S11, S12, S13, S14, S15, S30)     $501 -0 $25,000  0.05% 0.00% Over $25,000 0.10% 0.00% Christmas Club (S2) 1.25% 1.00% Pensioner Accounts (S10, S17) – portion of balances over $48,000 2.20% 2.10% 30 Day Notice of Withdrawal – $100,000 to $150,000 1.55% 1.45% Internet saver (S7, S70) 1.55%

The banking royal commission has highlighted many bad practices within the industry  but not all banks behave in this way. Now is the time to move to ethical banking. An ethical bank is a financial institution operating on values driven by environmental and social responsibility.

CIRCLE Alliance Bank is driven by this philosophy. Our core purpose is to enhance the social, environmental and economic well being of our members. This means we are not motivated by paying high commissions to

From the 1st March 2018 the following fees will change:

FeeOld FeeNew Fee Member cheque stop payment fee $7.00 $10.00 Dormancy Fee per annum $20.00 $30.00 Staff assisted external transfer fee $1.50 $2.50 Direct debit dishonour fee $7.00 $15.00 Member cheque dishonour fee $7.00 $15.00 Quickdebit dishonour fee $32.00 $40.00 Loan arrears letter $15.00 $20.00 Default notice $40.00 $50.00       Annual overdraft

3 ways to manage financial stress

Financial hardship can often arise without warning, catching us unprepared or under-resourced to find a way forward. The good news is, there are some logical steps you can take to controlling your finance concerns.

Continue to make repayments—the smart way When money is the cause of your stress, start by auditing yourself. Tally up all your debts so you have an itemised list of what is owed. From here, you can determine which are the largest or most pressing; that is, those attracting the most

New Year, new budget, new you

Here we are: the time of year we make promises to ourselves we don’t keep. Well not this year! Not financially, anyway. We give you five steps for creating a budget that is as realistic at it is effective.

1. Establish your income

 Begin by working out what your yearly gross income is. This will involve an assessment of last year’s bank statements together with a consideration of changes for this year such as a pay rise, change in job and money earned via an ABN.

2. Determine your

Setting yourself up for a financially positive 2018

 New year, new financially responsible you? Great news! Here are five realistic strategies for managing your money if wiser cash flow is one of your resolutions.

Shop less, but focus on quality You’ve had your blender for a year and it served you quite well, but it’s burnt out now. It’s an affordable model, though–do you repurchase? Seems a bit illogical. What would be best is to do some research, sift through some online reviews (Amazon is great, but for an Australia-specific source try