Member Matters - May 2017


BankVic exists to strengthen the communities in which we serve. This is why our involvement in community focused events form such an important aspect of our DNA.

Over the course of this year, you will have seen our BankVic Walking Tribe out and about completing a number of Fun Runs and Walks for worthy causes. Even though the colder weather is starting to creep in on us, it certainly doesn’t mean we won’t be out walking with a purpose for another two notable causes this month!

Want to get involved and walk alongside us? Read on for more details on our upcoming events.

Want regular updates on all things BankVic? Follow us on our social media accounts – Facebook, Twitter and LinkedIn.

- John Capewell


Good Friday Appeal  

The Royal Children’s Hospital was buzzing with excitement at the Good Friday Appeal on Friday, 14 April. With plenty to see and do on the day, we were proud to be part of such an amazing event.

Our BankVic Good Friday Prize Grab Booth proved to be a head-turner and was the source of many amusing moments while we ‘grabbed it for the kids’.

We look forward to becoming a more permanent fixture in the hospital, with our Royal Children’s Hospital, BankVic Branch coming soon.


Royal Melbourne Hospital Ride to Recovery

We rode to the challenge on Tuesday, 4 April with the Royal Melbourne Hospital’s Ride to Recovery.

Over 12 hours, participants pedalled fast and hard in the name of Heart Health, to raise funds to support Royal Melbourne Hospital’s Cardiology Department.

With an amazing set up for an even more amazing cause, it was an enjoyable and worthwhile event to be involved in.


Angela Taylor Memorial Walk/Run

Honouring the memory of Constable Angela Rose Taylor, on Sunday, 14 May you can walk or run around Palms Lawn, Albert Park. Angela tragically died from injuries as a result of a car bomb explosion outside the Russell Street Police Complex in 1986.

All proceeds from this event help build and improve emergency facilities in public hospitals in the name of fallen police officers. BankVic have been supporting the Blue Ribbon Angela Taylor Foundation for 31 years, and we encourage you to come along and join alongside our BankVic Walking Tribe. For more information please click here.

Northern Health Run Walk 'N Chalk

Put on your exercise shoes for Sunday, 21 May, and get ready to enjoy 3km of weaving your way through crazy chalking stations. Raising funds for the Northern Health Foundation, the event will start and finish at the Northern Hospital, Epping, with all funds going towards Children’s Services.

Look out for our BankVic Walking Tribe in their white BankVic T-shirts, and come say hi when you see us. For more information please visit


Tried and true money tips

Life gets so busy and the months soon roll into years when suddenly you find that your finances are off track and you’re nowhere near achieving your goals.

Instead of thinking it’s all too hard; take a few moments to review the following tips.

If you need a hand to implement your plans, we have experts who can help.

Set your goals using the S.M.A.R.T principle

Specific: What exactly do you want and how are you going to do it?

Measurable: If it can't be measured, you can't manage it.

Attainable: Can it be achieved in your situation?

Realistic: Is the goal beyond your capacity?

Timeline: How long will it take to achieve the goal?  

Learn from The Richest Man in Babylon

The foundation of this time-honoured book is to pay the most important person first – you! Preferably save at least 10% of your earnings, more if you can.

Manage your debt

Not all debt is bad, so make sure you know the difference. Manageable debt that helps you improve an asset or increase income can be a better choice.

It's time, not timing

It’s impossible to know when it’s the “right time” to invest. Start now and invest regularly to benefit from market ups and downs.

Spread it around

Invest your money in a variety of assets. This can help to reduce the risk and increase the benefits.

Be patient

Try not to focus on daily financial reports. Worrying as your investments seesaw is not conducive to smart money management. Invest well and for the long term.

Stay focused

Regular reviews, say half-yearly, are a good idea. Revisiting results after a set timeframe reduces knee-jerk reactions that you may regret later.

Don't become a statistic

Fraudsters are getting smarter. If you are promised something that seems too good to be true, it probably is. Always check with us before investing. Do your due diligence and seek a second opinion of a professional.

Refer to a professional

Managing money is an emotionally-charged exercise. A skilled financial planner can offer expertise and help navigate the process. This can help reduce your stress, so you can relax and enjoy the whole experience.

If you need a hand, give our Wealth Management team a call on 9268 9350 or make an appointment online at


Banking on the go just got a whole lot quicker, easier and smarter with the new BankVic App.

The new app is now available for download on Apple iOS and Android devices and has lots of new and exciting features we know you’ll love.

Before you can start using your new BankVic app, you will need the following:

  • Member number - located at the top of your statement
  • Internet Banking password - this is the one you use to confirm payments (not your 4-digit quick pin)

Getting the new app on your phone is as easy as 1-2-3.  

  1. Go to your app store and search for 'BankVic'.
  2. Click on 'Update' or 'Download' if this is your first time downloading the BankVic app.
  3. Register your Internet Banking login details, and off you go!

Not registered for Internet Banking? Give us a call on 13 63 73 and we'll help you get set up.

For more information about the new BankVic app, please visit .

BSB: 704 230

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