Bill Paying account

If your fridge door doubles as a filing system for phone, gas and electricity bills, it may be time to open a Bill Paying account.

This account allows you to separate your money for bills from your Everyday account or Everyday Direct account so it’s easy to budget. When the payment is due, you’ll have money put aside. You can then take advantage of any of the following services to conveniently pay your bill:

• 24/7 internet and phone banking including BPAY with access to over 15,500 billers
• direct debits and periodical payments
• ATM access at any rediATM if you have card access on an active Everyday account or Everyday Direct account
• over the counter transactions at our offices.

To make sure your Bill Paying account operates effectively, we recommend you deposit a portion of your pay or income into this account on a regular basis. This way you’ll ensure you have enough money in the account when your bills are due. 

Interest rates
Effective 1st May 2009

Tiered interest calculated daily and credited monthly.

Fees and charges

The Bill Paying account has low fees because bills are expensive enough without being charged fees on top of your bills:

                                                                                                               
Other

There are many ways to access the money you’ve put aside in your Bill Paying account:

Internet banking

Register for internet banking to access your Bill Paying account 24/7. You can choice several methods for paying bills online including BPAY, BPAY View, periodical payments, electronic funds transfers and more. In addition you can check your balances and transfer money.

Phone banking

Call 13 21 40 anytime to pay bills using BPAY or transfer money between accounts and check balances and transactions.

Direct debits and periodical payments

There’s no need for you to remember to pay certain bills, as you can have them made automatically from your Bill Paying account by setting up a direct debit facility or periodical payment.

Directing your pay and income

Your Bill Paying account can operate more effectively if you automatically allocate some of your pay or income into the account on a regular basis. This is simple to arrange.

Switching to Teachers Credit Union

To make managing your finances easy and convenient, switch your accounts, direct debits and direct credits to Teachers Credit Union. Simply complete the relevant forms and we will do the rest.

Opening a Christmas Savings account

With a Christmas Savings account you can budget and plan for the most expensive time of the year. You can only withdraw money between 1st November and 31st January each year, which means you have the rest of the year to save.

Financial planning

It’s never too early to start planning for a better financial future and by attending a financial planning seminar or seeing a financial planner you can get the right advice.