First Option Bank

First Option Bank
First Option is the most trusted small bank in Australia. Not a big bank, not a neo-bank. A just right real bank.

First Option Bank Ltd (formerly First Option Credit Union) is an Australian mutual bank providing a broad array of retail banking services to approximately 9,000 customers who comprise employees and family in the leisure, gaming, hospitality, telecommunications and energy industries. It offers transaction, savings and investment accounts, term deposits, personal and car loans, investment and home loans, refinance, business lending, trading accounts, Visa credit cards, overdrafts, foreign exchange, financial planning, mobile and online banking, Easy App and more. The insurance products include home, contents, car, caravan, boat, landlord and travel insurance. The company was formed in 2005, when TAB Credit Union (NSW) merged with Flying Horse Credit Union (VIC). In 2008, Ericsson Credit Union (Ericsson Employees Credit Co-operative Ltd) joined the First Option Family. In December 2018, First Option Credit Union became a mutual bank. For the financial year ended 30 June 2021, the company reported total assets of $250 million, loans and advances to members of $192 million, deposits of $228 million, members' equity of $15.5 million, and net income of $5.4 million.

First Option Accounts:
Budget Saver Account
Retirement Access Saver
Smart Start Access Saver
Mortgage Offset account
IT Saver Account
Kids Bonus Saver
Christmas Saver
Bonus Saver
Cash Management Account
Special Purpose Account
GST / Tax Saver Account
Standard Term Deposit
Regular Income Term Deposit

Head office address:
Level 6, 437 St Kilda Road
Melbourne VIC 3004

Opening Hours
Monday - Friday: 9:00 am - 4.30 pm
Phone number: 1300 855 675
Outside Australia: +61 3 9869 8700
BSB number: 802 876
ABN: 95 087 650 735
Australian Credit Licence: 236 509

First Option Branches:
1 Memorial Drive, Granville NSW 2142

Mobil Oil Refinery
Cnr Millers & Kororoit Creek Roads, Altona VIC 3018

Maidstone Street, Altona VIC 3018