Powered by MOMENTUM MEDIA
subscribe to our newsletter

Wide Bay to begin trading as a bank

Wide Bay Australia has announced it will officially complete its transition from a building society to a bank as it seeks to expand its existing broker business.

As of 1 April, Wide Bay will operate under its new name, Auswide Bank. Managing director Martin Barrett said achieving bank status and rebranding beyond the current geographic name is an important step for the company.

“It supports our program of work to revitalise our organisation and our desire to be seen as an attractive alternative to the big banks, which combines the strength of a listed, authorised deposit-taking institution with the service ethos of a mutual,” he said.

Charlton Nevis, Auswide Bank’s general manager for third party, said the bank will continue to offer “competitively-priced” and “feature-rich” home loans.

“Features such as 100 per cent mortgage offset and redraw on fixed-rate loans will continue to help differentiate us from the crowd,” he said.

Advertisement
Advertisement

“Auswide Bank is a viable option for borrowers regardless of where they live, offering broker clients nationwide access to their loans and other banking products via an Australian-based customer call centre; internet, mobile and phone banking and access to a national ATM/POS network.”

Mr Nevis said the bank’s motto is “Small things. Big difference.”

“We may be smaller than some other lenders, but we intend to make a big difference to the lending landscape,” he said.

“It’s the small things we do that make us different. Our commitment to mortgage brokers is a ‘knock your socks off’ experience and ‘speed to yes’.”

Wide Bay to begin trading as a bank

PROMOTED CONTENT


>As of 1 April, Wide Bay will operate under its new name, Auswide Bank. Managing director Martin Barrett said achieving bank status and rebranding beyond the current geographic name is an important step for the company.

“It supports our program of work to revitalise our organisation and our desire to be seen as an attractive alternative to the big banks, which combines the strength of a listed, authorised deposit-taking institution with the service ethos of a mutual,” he said.

Charlton Nevis, Auswide Bank’s general manager for third party, said the bank will continue to offer “competitively-priced” and “feature-rich” home loans.

“Features such as 100 per cent mortgage offset and redraw on fixed-rate loans will continue to help differentiate us from the crowd,” he said.

“Auswide Bank is a viable option for borrowers regardless of where they live, offering broker clients nationwide access to their loans and other banking products via an Australian-based customer call centre; internet, mobile and phone banking and access to a national ATM/POS network.”

Mr Nevis said the bank’s motto is “Small things. Big difference.”

“We may be smaller than some other lenders, but we intend to make a big difference to the lending landscape,” he said.

“It’s the small things we do that make us different. Our commitment to mortgage brokers is a ‘knock your socks off’ experience and ‘speed to yes’.”

Wide Bay to begin trading as a bank
mortgagebusiness

Latest News

The managing director of AMP Bank, Rod Finch, is set to join BOQ in April as its first director of transformation, as the bank continues to...

Dwelling unit commencements have continued to fall but the bright spot has been new private sector houses, figures have shown. ...

Over 75,000 households have applied for a HomeBuilder grant, with the majority of applications relating to the construction of a new home, a...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: A new record in mortgage approvals

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.