Greater Bank: A Trusted and Reliable Option for Your Financial Needs - Newport Paper House


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Greater Bank: A Trusted and Reliable Option for Your Financial Needs


Greater Bank is a customer-owned bank based in New South Wales, Australia. It was established in 1945 and has since grown to become one of the largest customer-owned banks in the country, with over 250,000 customers and over $7 billion in assets. The bank's mission is to provide its customers with the best possible banking experience through its range of products and services, as well as its commitment to customer service and community involvement.

History of the bank:

Greater Bank has a rich history dating back to 1945 when it was founded as the Greater Building Society. It was originally created to provide home loans to local residents who were unable to secure financing from traditional banks. Over the years, the bank expanded its product offerings to include savings accounts, personal loans, and credit cards, among others. In 2016, the bank changed its name to Greater Bank to reflect its broader range of services and commitment to its customers.

Products and Services:

Greater Bank offers a range of financial products and services designed to meet the needs of its customers. Some of the bank's most popular offerings include savings accounts, home loans, personal loans, and credit cards.

Savings accounts: Greater Bank offers a range of savings accounts to suit different needs, including the Life Saver account, which offers a high interest rate and no monthly fees, and the Bonus Saver account, which rewards customers with bonus interest when they make regular deposits and no withdrawals.

Home loans: Greater Bank offers a range of home loans designed to help customers purchase their dream home. These include variable rate and fixed-rate loans, as well as investment property loans and construction loans.

Personal loans: Greater Bank offers personal loans for a range of purposes, including debt consolidation, home renovations, and car purchases. Customers can choose from secured and unsecured loans, with competitive interest rates and flexible repayment terms.

Credit cards: Greater Bank offers a range of credit cards designed to suit different needs and lifestyles. These include low-rate cards, rewards cards, and balance transfer cards.

Customer Service: Greater Bank is committed to providing its customers with the best possible banking experience. The bank's approach to customer service is centered around its values of honesty, fairness, and respect. Customers can access support through a range of channels, including phone, email, and live chat. Greater Bank also has a dedicated team of customer service representatives who are available to help with any queries or concerns.

Technology: Greater Bank is committed to using technology to improve the banking experience for its customers. The bank's mobile app and online banking platform make it easy for customers to manage their accounts on the go. The mobile app allows customers to check their account balance, transfer money, and pay bills, while online banking offers additional features such as the ability to view account statements and manage automatic payments.

Financial Performance: Greater Bank has performed strongly in recent years, with strong growth in both assets and customer numbers. In 2020, the bank reported total assets of over $7 billion, an increase of 10% on the previous year. The bank's net profit after tax also increased by 17% over the same period.

Community involvement: Greater Bank is committed to making a positive impact in the communities in which it operates. The bank's corporate social responsibility initiatives focus on supporting local charities and community groups, as well as promoting sustainability and environmental responsibility. Some of the bank's recent initiatives include supporting local food banks and partnering with environmental groups to promote sustainability.


Greater Bank is a customer-owned bank that has a strong commitment to providing its customers with the best possible banking experience. With a range of financial products and services designed to meet different needs, as well as a focus on customer service and community involvement, Greater Bank is a popular choice for customers across New South Wales. While there are always areas for improvement, such as expanding its presence to other states in Australia, Greater Bank's strong financial performance and commitment to its customers and communities make it a reputable and reliable option for those in need of banking services.

One of Greater Bank's strengths is its customer-centric approach to banking. The bank's range of products and services are designed with the customer in mind, and the bank's commitment to customer service is evident in its high levels of customer satisfaction. By prioritizing customer needs and providing personalized support and advice, Greater Bank is able to foster long-term relationships with its customers and maintain a strong reputation as a customer-focused bank.

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