Personal

Switch to The Greater

Switching your accounts to The Greater is easier than you think.

Step 1

Open an account with The Greater

First of all, just visit your local Greater Building Society branch and we will open the account that best suits your needs.

Step 2

Identify any regular payments to and from your old account

If you need a hand with this, your old financial institution must provide you with a list of regular direct debits and credits that have occurred over the past 13 months on request.

Just make sure you leave your old account open during the transition period.

Step 3

Re-establish your payments on the new account

Your local branch can assist in setting up your payments on the new account for you.

We have forms to transfer your Direct Debits, salary transfers and other payments to and from 3rd parties to the new account.

Once you authorise each change, we will do the rest for you.

If you use internet banking to make payments it's a very simple process to set up your payee and biller details on your new account.

Step 4

Complete the Switch

Once your salary and regular payments have been transferred to your new account, you can close your old account/s.

It's that easy!

Check out the below video to learn more about the benefits of Customer Owned Banking.

Tips for a smooth switch

Once all the organisations have been advised of your new account details, you should:

  • (Where possible) ensure that you leave funds in your old account until all of your regular payments have been established on your new account with The Greater.
  • Check your new account when the next regular debit or credit is due to occur and contact the organisation if it continues to appear on your old account.
  • Don't close your old account until all regular payments appear on your new account.

These tips should prevent you from being charged any overdrawn or dishonour fees on your old account, although The Greater has no control over the timing in which third party organisations update their records.

Now you've switched your accounts to The Greater, why not find out how easy it is to switch your Home Loan to us too?

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