Get up to $120 in bonus cash with your personal loan when you switch your pay to us*.
Here’s how it works:
Step 1. Receive the funds for a Defence Bank personal loan between 2 September 2024 and 29 November 2024.
Step 2. Ensure you receive at least $1,000 or more of your salary payments into your Everday Access Account within 45 days of your loan funding. You can set this up with your payroll Officer.
If you dont already have an Everday Access Account you can open one here.
Step 3. Keep receiving salary payments of $1,000 or more each month into your Everyday Access Account to earn $20 per month for up to six months, totalling a $120 bonus*.
Pay already coming in? Great news! If your salary of $1,000 or more is already paid into your Everyday Access Account, and you’ve had a personal loan funded, your bonus is already active. Expect $20 in your account next month. Just make sure you keep receiving monthly salary payments of $1,000 or more to receive the full $120 bonus*.
Note: To receive the full $120 bonus, you must receive salary payments of $1,000 or more every month for six months. If you miss a month, or don’t receive a payment of $1,000 or more, your bonus cash payments will stop and you’ll no longer be part of the promotion.
ADF members, switch your pay through PMKeys.
To update your payment details, the simplest way is through PMKeys.
Alternatively, you can give your payment officer our BSB (833 205) along with your Everyday Access account number and name, and let them know when you’d like to start depositing your pay into the new account.
Award-winning banking.
We're back-to-back winners of WeMoney's Defence Services Bank of the Year award - three years in a row.
*Personal Loan PAYback! $120 cash bonus offer.
The ‘Personal Loan PAYback! $120 cash bonus offer’ is conducted by Defence Bank Limited ABN 57 087 651 385 AFSL/Australian Credit Licence 234582 of Level 10, 31 Queen Street, Melbourne VIC 3000 (Promoter). The promotion is available from 2/09/2024 to 29/11/2024 (promotion period).
Eligibility criteria.
Cash bonus activation eligibility criteria.
To activate the cash bonus offer, the member must:
- Settle and receive funds for a new Defence Bank personal loan during the promotion period.
- Receive a minimum payment(s) of $1,000 or more from a payroll service, paid into their Everyday Access account within 45 days of their personal loan settling.
If the eligibility criteria is not met within 45 days of their loan settling, they will not be eligible for the cash bonus offer.
Ongoing eligibility criteria for cash bonus.
Once the member has met the activation eligibility criteria, to continue receiving the $20 monthly cash bonus, the member must receive a minimum payment(s) totalling $1,000 or more into their Everyday Access account from a payroll service, for the following six consecutive calendar months to maintain eligibility.
If the activation eligibility criteria is met but the member fails to receive a payment or does not meet the minimum $1,000 payment during any of the six months after activating the bonus, the member will lose eligibility for the cash bonus going forward and are unable to rejoin the promotion.
The member will lose their eligibility for the monthly cash payment if their account or loan is in arrears or overdrawn when the bonus is being paid.
Defence Bank directors or staff members of the Promoter, or a member of their immediate family are not eligible for this promotion.
Cash bonus details.
Maximum cash bonus is $20 per month totalling up to $120 for up to six months.
Payment of cash bonus.
If the member meets the above criteria and are eligible to receive the offer, the $20 will be paid into their Everyday Access account during the next calendar month following the month in which they met eligibility.
If the Personal Loan is held in joint names, the cash bonus will only be awarded once and paid into the Everday Access Account that receives the eligible payment(s). Only one cash bonus will be paid even if both joint loan holders meet the eligiblity requriements.
The member will only be eligible to receive one cash bonus payment even if they have multiple personal loans settled during the promotion period.
Resolving disputes.
Complaints regarding the Promotion may be submitted by:
a. Calling 1800 033 139
b. Visiting a Defence Bank branch
c. Writing to us at ‘The Complaints Officer, Defence Bank, PO Box 14537, Melbourne VIC 8001.
If there is a dispute concerning the complaint, the decision of the Promoter is final and binding, and no further correspondence will be entered into.
General.
Any entry not complying with these Terms and Conditions is invalid. Errors and omissions may be accepted at the Promoter’s reasonable discretion.
Defence Bank reserves the right to extend or withdraw this offer at any time. If withdrawn, Defence Bank will honour the eligible members who have already activited the offer and continue to meet the ongoing eligibility criteria to receive the maximum cash bonus amount.
The cash bonus offer may have tax implications. The member should seek independent tax advice