Following the Reserve Bank of Australia’s (RBA) decision to cut the cash rate by 0.25%, Geelong Bank will reduce variable home interest rates for exisiting borrowers by 0.25% per annum (p.a.) from 7 March 2025.
This service enables you to make a payment or transfer to yourself or another party from your savings account on a regular basis.
Periodical payments can be set up to recur (e.g. weekly, fortnightly, monthly, quarterly) for an indefinite or fixed number of payments or transfers.
Outgoing payments can be in the form of transfers to another member's account or another financial institution. Payments can also be by cheque posted to an address you nominate or to a BPAY biller.
Users of our Internet Banking service can create their own periodical payments.