January 2017



I’d like to take this opportunity to wish both you and your families, a safe and prosperous new year.

At BankVic, we look forward to 2017 and the new opportunities it brings and of course in  constantly improving our service to members.

Looking ahead to 2017, BankVic is excited about new hopes and opportunities in working with our members to deliver improved services. This includes the launch of a new (and long awaited) banking app.

Finally, we would like to welcome new Director Lucinda Nolan and our newly appointed Chairman Wayne Taylor.

- Steven Coulson


BankVic is delighted to welcome Lucinda Nolan to the BankVic Board of Directors.

Lucinda is a Deputy Commissioner with the Victoria Police and has spent 33 years working within the emergency services sector, which includes her most recent role as CEO of the Country Fire Authority.


Royal Melbourne Health Dinner

It was humbling to attend the Royal Melbourne Health Celebrating Excellence Awards on Friday 25 November and witnessing the presentation of a number of awards to very worthy recipients.

The awards were a wonderful way to acknowledge the people, values and achievements of the staff and volunteers that are dedicated to making a difference at the Royal Melbourne Hospital.

Congratulations to all the winners and finalists!

Northern Health Dinner

Our staff supported the fundraising efforts of Northern Health by attending the Annual Northern Health Dinner on Saturday 26 November.

This event raises funds for emergency accommodation relief for patients and their families while they receive the care they need at Northern Health. This year’s dinner helped raise $310,000, which brings the grand total of overall funds from this event to over $1.9million.

Law Enforcement Torch Run

We proudly supported and participated in The Law Enforcement Torch Run (LETR).

LETR is a police born initiative that exists to raise funds and create awareness of the Special Olympics and aims to promote opportunities for development, awareness and inclusion for people with an intellectual disability through their participation in sport. It is an initiative that resonates closely with our core business values and we are proud to support their great work.

To learn more about LETR or to donate please go to letr.org.au

Monash Health Foundation

At BankVic, our staff have the opportunity to participate in the Generous Living program, which allows them the opportunity to participate in two volunteer days per year.

As part of this program, throughout December our staff had the opportunity to volunteer with the Monash Health Foundation to ‘Share the Care.’ The Monash Health Foundation raises funds to help provide care to patients and families  through medical equipment, clinical research, and education and wellbeing initiatives. The ‘Share the Care Christmas Gift Appeal’ has been running since 2014, and aims to raise funds for all areas of Monash Health. We were proud to lend our staff and our Christmas spirit to man the gift catalogue kiosks from Monday 12 December to Wednesday 21 December.

Walk With Me

It’s not too late to start 2017 with a good deed – which is why you should join our BankVic walking team, or create your own team now, to walk to raise funds and awareness of ovarian cancer.

Thanks to Sue Contarino, our 2016 Community Hero Award winners’ dedication, the ‘Walk with Me’ is in its second year and we’re proud to be supporting such an important cause. The 42km charity walk takes place on Sunday 26 February  from Lilydale Station to Warbuton – however you can start and finish the walk at any time.

Do your part to help raise funds and awareness to support our mothers, sisters, daughters and friends in the fight against ovarian cancer. For more information on this event, visit  walkwithme4oca.com


You want to change because...

Like a lot of people, you have probably made New Year resolutions or promises to yourself that you will change those parts of your life you’re not happy with. And chances are that you have let yourself down by not acting on those promises, or quickly fallen back into old habits.

One of the reasons many New Year resolutions go unfulfilled is that we rarely take the time to think clearly about the result we want to achieve. You could call it ‘the ultimate outcome’.

When you resolve to change one of your life habits or patterns, it’s important to be totally clear about the real reason for the change.

Let’s say your plan is to join the local gym. You’ve been putting it off for ages but never seem to get around to doing it.

Why not? Because is joining the gym actually your life goal?  Probably not, but the only way you will find out what it actually does represent is to end your decisions with the word “because”.

For example, “I want to join the local gym – because I want to do three workouts every week”. But why would you want to do that? Dig deeper – “because I want to increase my fitness so I can feel better... because when I’m fitter I feel better and have more energy... because I want to be able to play with the kids... because playing with them makes me happy”. Aha, you’re there! You’ve reached the ultimate outcome of why you want to join the gym.

This process is perfect for every major decision you make in your life. As long as you know the end result to which you are aspiring, there will be a better chance of you following through – because what are the consequences if you don’t?

When resolving to make changes in your life remember it is not enough to just decide what change you want to make. Your resolution is more likely to be achieved if you make it clear what you are trying to achieve and why you want to do it.

Now that it’s the New Year, start making your resolutions today!


What you need to know about fraud

Fraud affects millions of Australians each year, so it pays to be alert and mindful of your finances, particularly in online environments. Binary Traders (a type of scammer) offer scams disguised as investments through both online and unsolicited phone calls. These Traders often have websites that look professional and trustworthy, and often even advertise on popular social media websites, such as Facebook.

ASIC have compiled a list of companies to be wary of transacting with through their Moneysmart website and provide a list of known scam companies. You can access this information at moneysmart.gov.au/scams/companies-you-should-not-deal-with

How  can you protect yourself from falling victim to binary trading scams and scammers in general?

  • Refer to the ASIC Moneysmart Website before commencing payments to new merchants.
  • Consider whether the unsolicited offer is “Too good to be true”.
  • Conduct online searches using the company name with terms like “review” or “scam” to find other information about the company you wish to do business with.
  • Before committing, slow down and talk to someone you trust about the proposed transactions. Scammers often pressure people to make decisions on the spot.
  • Be sceptical of free trials that require you to provide your credit card details.
  • If you’re unsure, give us a call on 13 63 73 to discuss your financial queries.

Source: http://www.apca.com.au/payment-statistics/fraud-statistics/2015-calendar-year


If you’re retired and receive a government pension you could be eligible for our Pension Plus account.

Pension Plus offers a great rate of return on your retirement savings. There is no minimum balance and no account keeping,  management or annual fees. Your money is at call so you can access it when you need it.

Shop around and compare

Compared to similar accounts offered by other banks, our Pension Plus account comes out on top.

With a Pension Plus account you can rest assured that your money is working hard for you while you enjoy your retirement,  with interest credited to your account twice yearly on 30 June  and 31 December.

Want to know more? Contact us today on 13 63 73, apply online at bankvic.com.au or visit a branch. 

 Bankvic Pension      Plus ANZ Pensioner AdvantageCBA Pensioner SecurityNab retirementWestpac 55+and retiredBOQ Pension PlusBendigo retirement account
Under $2,0001.75%0.25%0.25%0.25%0.25% 0.25% 0.25%
Up to $49,2001.75%1.25%1.00%1.25%1.25% 1.25% 1.25%
Over $49,2002.65%2.25%2.25%2.25%2.25%2.25% 2.25%


Congratulations to our Little Copper Club super savers, who were each awarded in December for their savvy saving.

Our 2016 super savers were: Connor, Layla, Jessie, Matilda, Lachlan, Hamish, Keeley, Oscar, Xavier, Zara and Imogen.

Little Copper Club Competition

We’re looking forward to the brand new year and we’d love for our Little Copper Club members to draw or photograph their holiday and send it through to us.

Remember you must be a member of the Little Copper Club to  enter. There are two categories – under 9 years of age and 9 years and over. All entries must be sent to us by 5pm 1 March 2017.

To enter, send your entry to BankVic via email at connect@bankvic.com.au or post to: BankVic, Reply Paid 90210, MELBOURNE, Victoria 8060. Happy holidays!


Tune into our February edition to read:

  • Save money and your figure

BSB: 704 230

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