Intro—Beyond Bank Australia Reviews & Ranking

AdvisoryHQ recently published its list and review of the top mutual banks and building societies in Australia, a list that included Beyond Bank Australia. 

Below we have highlighted some of the many reasons Beyond Bank Australia was selected as one of the best mutual banks and building societies in Australia.

Click here for a detailed review of AdvisoryHQ’s various selection methodology: Ranking Methodologies.

Beyond Bank Australia Review

Beyond Bank ranked well as a top Australia building society or mutual bank for a number of reasons. This completely customer-owned top Australia mutual bank has $4.7 billion in assets under management and more than 200,000 customers. It also has more than 40 branches and an entirely Australian-based call centre.

Beyond Bank has been part of the community for about 60 years, profits are used to be beneficial to customers, and this top Australia mutual bank invests in the community as well, having given more than $15 million back to the community since 2007.

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Image source: Beyond Bank

Key Factors That Enabled This to Rank as a Top Australia Building Society or Mutual Bank

The below reasons highlight why Beyond Bank is included on this list of the top Australia building societies and mutual banks.

Beyond Bank Australia Review: Easy Switching

When a consumer decides to move from their existing financial institution to this top mutual bank in Australia, Beyond Bank makes it easy for them. They will transfer their regular payments and credits, simplifying the process.

All the new member needs to do is open their Beyond Bank account and close their accounts with other financial institutions.

To become a member, the person can fill out the application online, and they’ll receive a confirmation in a few days when their accounts are ready to use. They will, with the permission of the new member, send their old financial institution a Regular Payment List request. Beyond Bank will notify all debtors and creditors of the new account information.

Beyond Bank Australia Review: Home Loans

The home loan products from this leader among the top Australia mutual banks and top Australia building societies have won awards including the Canstar 5-Star Rating for outstanding value and fantastic features.

In addition to low competitive rates, home loans from this top mutual bank in Australia have the following benefits:

  • Low rates and features make it easier to own a home sooner
  • Free redraw is available
  • Members can use an Offset Account to utilise savings and minimise the amount of interested payable on the loan
  • Members get up to a 10% insurance discount with PremierCare Home & Contents Insurance
  • The first financial planning appointment is complimentary to people with home loans from Beyond Bank

Beyond Bank Australia Review: Travel Tools

Image source: Pixabay

Whether a member is taking a business trip or going around the world on a personal adventure, Beyond Bank offers a full range of travel-related tools and products.

For example, they feature travel insurance with 24-hour support, as well as different money options.

These money options include:

  • The Cash Passport provides access to up to 10 currencies on a single debit card
  • Foreign cash
  • Credit cards

Also, Beyond Bank offers fraud protection for travellers on their cards, so they’re monitored while the member is abroad.

Beyond Bank Australia Review: Access Savings Account

The Access Savings Account would likely appeal to the consumer searching for a top building society in Australia or a mutual bank that emphasises low-cost or no-fee banking. This transaction account offers convenient access to money, without monthly account-keeping fees.

Interest is earned on savings, and a fee allowance benefit provides a certain number of free transactions each month. There is no minimum monthly balance, and this account can be linked with a Visa payWave debit card.

Money is accessible through ATMs and EFTPOS, online banking, mobile banking, text banking, Beyond Bank branches, and [email protected] locations.

In addition to reviewing the above Beyond Bank Australia review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top-rated banking firms & credit unions:

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