Latest News
Use PayID to combat scams
PayID is free to register and easy to use, it helps to stop scams because unlike a traditional payment, the payer can see a confirmation screen, which includes the intended PayID name, before they confirm the payment.
Find out more from the Australian Banking Association
Special tribute to Ina Heidtman
We pay special tribute to Ina Heidtman upon her passing on 18 May this year.
Ina was one of the 20 distinguished Member signatories whose support gave rise to the formation of the Waterside Workers of Australia Credit Union in 1970; the foundation stone for what we now know as Unity Bank.
Among her many achievements, Unity Bank stands testament to the vision and the lifelong commitment of Ina and her fellow signatories to supporting Australian workers.
Important Reminder: Making payments in the new app
Thank you to all our members for embracing the new app! We appreciate that changes with technology can be challenging.
Did you know?
Making a payment looks a little different in the new app. When making a payment to a BSB/account number, be sure to check the ‘To’ payee section, where you can choose the pay type as Standard or Osko (if the receiving institution accepts both).
Read more: Important Reminder: Making payments in the new app
Download the Unity Bank App
Did you know you can do your banking 24/7 from the convenience of your mobile phone with the Unity Bank app? The app is a simple and secure way to do your banking anywhere, anytime, without having to visit a branch.
Let us know when you are travelling overseas
If you're going overseas, please let us know. It means we'll expect some transactions from overseas and can help look out for any suspicious transactions.
Central Coast Regional Show
Unity Bank has been the major sponsor of the Central Coast Regional Show since 2019, most recently held 30th April - 1st May 2022 at the Gosford Showground. With great success, the show offered fruit & vegetable judging, cake decorating, knitting & craft, animals, cars, kids' activities and more—a great family fun day. Unity Bank will always be a community bank & support our local communities, putting our members first always.
Sanctions on international transfers and payments involving the state of Russia
Unity Bank Limited supports and must uphold the sanctions on international transfers and payments involving the state of Russia. This will impact SWIFT, Visa, Mastercard, Western Union and other payments directed to or coming from Russia.
Always Be On The Lookout To Avoid Scams
As your Mutual Bank, we strive to educate and operate vigilantly to prevent our Members from falling victims to scams or frauds. In the past few years, we have advised Members about different types of scams. The latest scam is where the caller identifies themselves as a representative of the "Fraud Department", "Visa Fraud Monitoring Team" or "Fraud team in Collins Street Melbourne" to coerce Members to provide their personal information, card number and transactional data.
What is the ‘Flubot’ scam?
Published on September 27 2021
With the popularity of online shopping and home delivery, many Australians have started receiving scam messages regarding missed calls, voicemails, or unexplained notices of deliveries. The Australian Competition and Consumer Commission (ACCC) are receiving thousands of reports daily about these scams which originated overseas earlier this year.
In honour of John Coombs
I’m saddened to let you know of the passing of former Chair of Unity Bank, John Coombs, following a long illness.
An Important Change to our Relationship Rewards Program.
Published on 31 May 2021
We are changing our current Relationship Rewards Program (RRP) to a new simpler fee structure that will provide greater certainty and peace of mind for Members who use Visa Debit (excludes Business Accounts).
Currently, you receive a limited number of free transactions per month. You are then charged with excess transaction fees when you’ve exceeded your limit.
Effective 1 August 2021, transaction fees will no longer exist under the RRP. These fees will be replaced with the new Monthly Usage Fee. This new fee is capped at $5.00 per month per membership, and it gives you unlimited VISA Debit transactions throughout Australia.
Whether you are transacting at an ATM, a retail store or online shopping, you will be able to use Visa Debit without worrying about excess fees. The unlimited transactions apply not just on physical cards but also to digital cards linked to your personal account like Apple Pay, Google Pay and Samsung Pay. Please note that some privately-owned ATMs may still have a Direct Charge prior to proceeding with the transaction.
Read more: An Important Change to our Relationship Rewards Program.
Spear Phishing: What is it and how to protect yourself.
Cybercriminals are once again working hard to take advantage of the COVID-19 situation through new phishing campaigns. Most recently, a wide range of political and private-sector organisations in Australia have come under cyber-attack by a “sophisticated state-based cyber actor”. This phishing tactic is called spear phishing.
Read more: Spear Phishing: What is it and how to protect yourself.
Important Change to Osko® Daily Limits
As part of our ongoing commitment to protect our Member’s funds from fraud, from 3 March 2021, we will be reducing the daily limit for payments via Osko® to $1,000 per account per day.
Personal Loan Checklist
Knowing what documents you need when applying for a personal loan can be tricky. Below is a list of necessary items to help you when applying for a personal loan.
Two-Factor Authentication, what is it and why you need it.
With the current technology climate changing and with the advancement of software, keeping your bank accounts secure is becoming more difficult. Two-Factor Authentication (often shortened to 2FA) is not new, but it is gaining momentum as bank accounts are left exposed with weak or poorly secured passwords. Whether it be your bank accounts or social media accounts, the 2FA, also known as Two-Step Verification, provides an extra layer of security to ensure that it's you logging into your accounts.
Read more: Two-Factor Authentication, what is it and why you need it.
Saving for an emergency
Creating an emergency fund may seem daunting for some. A lot of people may think you need to put away hundreds of dollars each week, which is delaying them from starting one. It doesn't matter how much you are putting in this account as long as you have begun.
A Commitment Worth Its Length In Gold
1970: It was a very good year.
A hundred and twenty seven runners came together for the very first New York Marathon. 334 passengers and 18 crew came together for the first commercial flight on the world’s first 747 jumbo jet. 600,000 people came together for an incredible rock experience on the Isle of Wight.
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