Bank First

Bank First, Victoria Teachers Mutual Bank
Mutual Bank in Victoria

Bank First is a customer-owned financial institution with about 110,000 members and 230 employees. It offers a wide array of award-winning products and services including transaction and savings accounts, term deposits, Visa debit cards, low rate and low fee credit cards, school and preschool accounts, flexible and competitive personal and home loans, car loans as well as insurance and superannuation products, financial planning, travel money, foreign exchange, internet banking and mobile banking app for iOS and Android. The company was established in 1972 and today is one of Australia's leading mutual banks with $2.9 billion in assets, $2.2 billion in loans and $2.6 billion in deposits as at 30 June 2020.

Bank First is a trading name of Victoria Teachers Limited. It was previously known as Victoria Teachers Mutual Bank and received its current name in 2017. The company is headquartered in Hawthorn East, an affluent suburb of Melbourne.

Bank First Credit Cards

  Visa Classic Visa Platinum
Minimum limit $2,000 $6,000
Annual fee $0 $99
Ongoing fees $0 $0

Credit Ratings:
Moody's: Baa1/P-2/Stable

Car Loans (promotional variable interest rates)
Green car loan - 5.29 % p.a.
New car loan - 5.79 % p.a.
Used car loan - 6.79 % p.a.

Awards 2020
CANSTAR (Outstanding Value)
Low Fee - Visa Classic Credit Card
Low Rate - Visa Platinum Credit Card
Senior Transactor - Pension Account
Flexible Saver - Online Saver Account

Money Magazine
Consumer Finance Awards:
Credit Card Issuer of the Year

Mozo Experts Choice:
Low Rate Platinum Credit Card
No Annual Fee Credit Card

Head office address:
117 Camberwell Road
Hawthorn East, Victoria 3123
PO Box 338 Camberwell VIC 3124

Phone number: 1300 654 822
Overseas Call: +61 3 9834 8560
Opening hours: Monday to Friday, 8 am - 5 pm
BSB number: 704 191
ABN: 44 087 651 769
Australian Credit Licence: 240960

Number of employees: 225
Number of members: 107,970

Moonee Ponds
126 Puckle Street
Moonee Ponds VIC 3039

Updated May 10, 2021