Government Guarantee - FAQ
Are my funds safe with ME Bank?
What is the Government Deposit Guarantee?
What deposit products are covered?
Are my funds safe with ME Bank?
Yes. Your deposits with ME Bank are very secure as:
- We have strong capital and funding positions, and a sound management approach
- We're owned by 35 Industry Super Funds.
- We are an Authorised Deposit Taking Institution.
- We are regulated by the Australian Prudential Regulation Authority.
What is the Government Deposit Guarantee?
The Government Deposit Guarantee, also known as the Australian Government Financial Claims Scheme, is a guarantee covering all deposits held in authorised deposit-taking institutions regulated by the Australian Prudential Regulation Authority, which includes ME Bank.
Under the Scheme your total deposits with ME Bank up to $1 million are automatically guaranteed by the Government at no charge.
What deposit products are covered?
The Government Guarantee on deposits currently applies to the following ME Bank products:
- InterestME Savings Account
- Online Savings Account
- Term Deposits
- First Home Saver Account
- Business Investment Account
- Business Term Deposits
- Business Direct Savings Account
- 11 a.m. Cash Account
- Certificate of Deposit
Contact ME
- Product Enquiries
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Personal Ph 13 15 63 ME Contact Centre open
Mon - Fri: 8am - 8pm,
Sat: 9am - 5pm (EST)Business Ph 1300 658 108 ME Business Contact Centre open
Mon - Fri: 9am - 5pm (EST) - Existing Customers
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Personal Ph 1300 654 998 ME Contact Centre open
Mon - Fri: 8am - 8pm,
Sat: 9am - 5pm (EST)Business Ph 1300 658 108 ME Business Contact Centre open
Mon - Fri: 9am - 5pm (EST) - Phone Banking
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Personal Ph 1300 654 998 Business Ph 1300 658 108