B&E Personal Banking
TOUCHPOINT
Summer 2012/2013
Your perfect travel partner
Also in this issue:
How to retire successfully
Christmas Bonanza 2013
Get e-savvy with your everyday banking
Conquer the Bridge this February
Term Deposits | Savings & Everyday Accounts | VISA Credit & Debit Cards
Home Loans | Personal Loans | Business Banking | Insurance | Financial Advice
INSIGHT WITH CEO PAUL RANSON
Adapting and evolving
As I write this article, the trends that I have spoken about in recent editions of Touchpoint are continuing, with
consumer sentiment about the economy being downbeat. This has resulted in a subdued housing sector and
low growth in consumption.
Looking ahead to the Australian economy for the next 12 months we expect that the current low growth trend
will continue. While we are starting to see some improvement in the economic outlook for Europe and the
United States, we have seen significant structural changes in many industries that are influencing perception
about the state of the economy.
Changes in technology and consumer habits are requiring us to broaden the ways in which people can do
business with us. For example, we now provide the functionality for you to bank with us through your mobile
phone and you can open a savings or everyday transaction account via our website. We also recently launched
iPhone and Android banking apps, which both look fantastic and, importantly, are easy to use.
In September, we announced our results for the 2011/12 financial year, which saw the continuation of another
strong financial year for B&E. While specific details of these results are in a separate article, I wanted to highlight
that a strong profit result is important for a member-owned financial institution like B&E, as it provides us with
the capacity to continue to invest in technology, distribution and development of new products and services.
Paul Ranson – CEO
From strength to strength
2011/2012 annual results
B&E Personal Banking has returned a healthy after-tax profit of $4.15 million for the
2011/12 financial year.
invest in broadening our distribution network, introducing new technology and
developing our staff.”
To view B&E’s 2011/2012 Members’ Report or Annual Report, visit
www.b-e.com.au/reports
B&E Chairman Lyn Cox said that the result was very pleasing.
“While total demand for lending was weaker in Tasmania during the year, we
were able to increase our market share through our marketing activity and by
maintaining competitively priced and featured lending products. Overall loan
approvals for the year were $103 million,” Mr Cox said.
“Total assets grew by $23 million to $634 million. Average annual asset growth over
the past three years has been 6%.
“The strong profit result has further strengthened our capital adequacy position
from 14.88% to 15.46%, which positions us well to be able to support the growth
of the business in the years ahead,” Mr Cox said.
B&E Chief Executive Officer Paul Ranson said that looking ahead “…we have a
number of initiatives to further grow and develop our products and services to
meet the rapidly evolving needs of today’s consumers, along with continuing to
New Service: EFTPOS solutions for your business
Let’s get personal.
The perfect partner to your Business Advantage account
B&E has partnered with Tyro, the world leading supplier of EFTPOS payment facilities, to provide small to medium sized businesses
with a complete everyday banking solution.
The partnership enables you to draw your customer’s payments straight into your B&E Business Advantage account, avoiding the need to use
a third-party EFTPOS facility.
Tyro offers two different EFTPOS terminals – counter top or mobile so you can choose the one that best suits your business needs. Both options accept all PIN and Chip charge
cards, credit cards, debit cards and access cards. Tyro EFTPOS terminals exceed the Australian standards in PIN screening, providing your customers with a high level of privacy.
To find out more visit www.b-e.com.au/merchant-services, phone 1300 306 716 or drop into your local branch.
Things you need to know: B&E acts as an intermediary in offering this service and any contract entered into for the provision of this service will be with Tyro EFTPOS solutions. B&E does not guarantee and is not responsible for the performance of this contract. B&E, in some instances,
may receive commission from the sale of this product. Please contact us for details.
Is your New Year’s resolution
an overseas holiday?
Then B&E is your perfect travel partner!
Personal travel loan
VISA credit or debit card
Give flight to your New
Year’s resolution with a
B&E personal travel loan
Multi-Currency Cash Passport
Travel insurance
Remember – tell us before you go!
Dreaming of a holiday? White sandy beaches, turquoise seas…or
perhaps a skiing holiday or a cosmopolitan getaway is more your
style. Wherever your dream destination is, a B&E personal loan can
help you get there. What’s more, we’ve made sure our fees and
charges are very competitive.
Personal loans
Features:
Multi-Currency Cash Passport
•
Loan amount up to $30,000 (unsecured).
The safe and easy way to carry money overseas
•
A maximum loan term of 7 years.
•
Flexible repayment options, weekly, fortnightly or monthly#.
•
Extra repayments without penalty.
•
A one-off application fee and no ongoing monthly
service fees^.
SPECIAL OFFER: Interest rate discount of 2% p.a.~ on the
Standard Variable Rate for all personal travel loans (unsecured)
up until 31 March 2013.
Cash Passport is a prepaid travel money card. With Cash Passport you can
access your money at 29 million merchants and 1.9 million ATMs globally.
Importantly, you can re-charge your card using BPAY and manage your
account online. Cash Passport gives you access to nine major currencies
and you can lock in the current exchange rate at the time of payment.
•
Access your money while
travelling with a B&E VISA card
A Cash Passport isn’t linked to your bank account, so if it’s stolen, your
financial details aren’t exposed. Through Cash Passport you also have
access to 24/7 Global Emergency Assistance, so if you do lose your card
overseas it can be quickly replaced for you.
Bank drafts and telegraphic transfers are also available. For more
information visit www.b-e.com.au/foreign-exchange
Nowadays, it’s much easier to access your money overseas,
and B&E’s VISA credit and debit cards are your perfect travel
companions – accepted at more than 24 million outlets worldwide!
CGU travel insurance
VISA credit card
Peace of mind while travelling
B&E’s VISA credit card is nice and simple, with the extra benefit
of up to 57 days interest free† and a low (or no) annual fee.
When travelling you want to enjoy every moment without having to
worry about anything going wrong. CGU’s travel insurance covers you
for almost any mishap that could occur when travelling. It also provides
access to CGU’s 24-hour, worldwide emergency hotline.
Features:
•
Up to 57 days interest-free† credit.
•
Competitive low interest rate on purchases – currently
12.99%**.
•
•
CGU travel insurance cover includes:
•
Overseas medical, dental and additional expenses.
Low annual fee of $39 – waived if you make purchases of
more than $8,000 a year.
•
Resumption of overseas journey.
•
Return of hire car and excess waiver.
Can be linked with up to two other B&E accounts so you only
have to carry the one card.
•
Cancellation and travel delays.
•
Loss, damage or theft of luggage, cameras, video recorders
and personal electronic equipment.
•
Accidental death, disability and loss of income.
•
Liability.
An alternative option to VISA credit card is B&E’s VISA debit card,
which provides you with all the functionality of a credit card,
however, using your own money. It can be linked to your everyday
account so you only have to carry the one card and there is no
application fee or annual fee.
To apply for a personal travel loan, VISA credit or debit card, Cash Passport or CGU travel insurance,
phone 1300 306 716, visit www.b-e.com.au or call into your local branch.
Things you need to know:
Personal loans: Terms and conditions, including fees and charges, apply. Full details including information on our personal loan interest rates are available on application. #Subject to satisfying the minimum monthly repayment commitment detailed in the loan contract. ^Additional fees and
charges may apply. All applications are subject to our standard credit assessment process. ~Offer applies to unsecured personal loans. Applications must be approved before 31 March 2013 to be eligible for this offer. B&E reserves the right to withdraw this offer at any time.
VISA credit card: Terms and conditions, including fees and charges, apply. Standard credit assessment process applies. Full details of all the relevant fees and charges, interest rates and terms and conditions are available on application. Interest rates are subject to change without notice and
should be verified with your local branch. **Interest rate of 12.99% p.a. currently applies to purchases and balance transfers only. An interest rate of 17.49% p.a. currently applies to cash advances. †Interest-free period does not apply to cash advances.
Cash Passport: B&E acts as an intermediary in offering this service and any contract entered into for the provision of this service will be with Access Prepaid Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837). B&E does not guarantee and is not responsible for the performance of this
contract. Access Prepaid Australia Pty Ltd arranges for the issue of the Cash Passport in conjunction with the issuer, B&E Ltd (ABN 32 087 652 088, AFSL 236870). You should consider the PDS for the relevant Cash Passport available at www.cashpassport.com.au and decide if the product is
right for you. This is general advice only and does not take into account your individual objectives, financial situation or needs (‘your personal circumstances’).
Travel insurance: Travel insurance is issued by CGU Insurance Limited ABN 27 004 478 371 AFSL 238291 (CGU). In offering this product, B&E Ltd acts under its own Australian Financial Services Licence and under an agreement with the insurer, CGU. Before taking out a travel insurance
policy please read the PDS, which is available from any B&E branch, or by calling 1300 306 716, and decide if the product is right for you. This is general information only and does not take into account your individual objectives, financial situation or needs (‘your personal circumstances’).
In arranging this insurance B&E Limited acts as an intermediary for CGU, not as your agent. B&E Limited does not guarantee any benefits payable under this insurance policy. We receive commission on insurance products. Details can be found in our Financial Services Guide (FSG). B&E Ltd
ABN 32 087 652 088 AFSL & ACL No. 236870.
Planning your finances to meet your retirement needs is very important and should start well
in advance of this change in your life.
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How to retire successfully
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Plan for success!
Circumstances can change for health or lifestyle reasons and your financial situation needs to
be able to adapt to these changes.
Retirement is a big financial and emotional transition. A qualified financial adviser can help you
to realistically achieve your retirement goals so you can look forward to this time in your life.
A financial adviser can assist you with:
•
Planning so you can enjoy the activities you want to do in your retirement.
•
Retirement income strategies.
•
Assessing the options and risks
associated with funding your
retirement.
•
Understanding the Australian
financial regulatory environment.
•
Planning for the unexpected.
To find out more, make a no-obligation
appointment with B&E’s financial advice
partner, RI Advice, and receive your free
copy of How to Retire Successfully. This
book is filled with information and hints
to help you plan for your retirement.
Things you need to know: This editorial does not consider your personal
circumstances and is general advice only. You should not act on any
recommendation without considering your personal needs, circumstances
and objectives. We recommend you obtain professional financial advice
specific to your circumstances before making a decision based on this
information.
Any financial product advice you receive under this financial advice offer will be
provided by an Authorised Representative of RI Advice Group Pty Ltd (not B&E Ltd).
RI Advice Group Pty Ltd holds Australian Financial Services Licence No. 238429. B&E Ltd
acts as an intermediary for RI Advice, not as your agent. B&E Ltd does not guarantee any
benefit or outcome under this financial plan. We receive commission from RI Advice.
Details can be found in our Financial Services Guide (FSG).
Visit www.b-e.com.au/make-an-appointment today.
Need a little
help keeping your
ducks in a row?
Let’s get personal.
B&E Super Advantage helps you keep control of your self-managed super fund.
Take the complexity out of managing your self-managed super fund (SMSF) by partnering it with a B&E
Super Advantage account. This account is designed to be your one-stop SMSF cash hub, delivering a
competitive interest rate and enabling you to simplify super fund accounting, tax returns and end of year
auditing. Importantly, B&E Super Advantage ensures you have a comprehensive view of your cash position
and are well positioned to maximise the return on your cash portfolio. B&E Super Advantage also delivers
seamless 24/7 access via internet, mobile phone and telephone banking, enabling you to transfer funds
and BPAY bills completely fee-free. We also provide a cheque book option (fees apply).
To find out more visit www.b-e.com.au, phone 1300 306 716
or drop into your local branch.
Things you need to know: This is general information only and does not take into account your personal circumstances. In addition, the information does not explain the full terms and
conditions that apply to our accounts and facilities. Before opening any B&E Super Advantage account, please read our “Product Disclosure Statement” (PDS), “Schedule of Fees & Charges”
and “Schedule of Current Interest Rates” and decide if the account is right for you. These documents are available from any B&E branch, by calling 1300 306 716 or by visiting www.b-e.com.au.
Interest rates are subject to change without notice and should be verified online or at your local branch. B&E Ltd ABN 32 087 652 088 AFSL & ACL No. 236870.
Start saving for christmas 2013!
Open a B&E Christmas Saver account today
Take the stress out of your Christmas shopping in 2013 with a B&E
Christmas Saver account. By starting to put a little money aside each
week now, you’ll find that by the time December 2013 rolls around
you’ll have saved enough to make Christmas shopping a breeze. You’ll
know exactly how much you can spend and be able to out-manoeuvre
the post-Christmas money blues.
We’re excited to announce that the Christmas Saver Cash Bonanza
is back for 2013! By simply opening an account and making regular
monthly deposits you’ll have the chance to share in more than $2,000
worth of cash prizes!* A great way to turbo boost your Christmas
shopping power!
What B&E’s Christmas Saver delivers:
•
Ability to access your funds at call and transaction fee-free from
1 November until the end of December each year.
•
Freedom to bank how and when you want – B&E branches,
EFTPOS, rediATM, internet or telephone banking.
•
Easy access to your funds with a B&E Access Card or B&E VISA
debit card, where the account is linked to that card.
Open a Christmas Saver account online (www.b-e.com.au)
or in branch today.
Things you need to know: *Christmas Saver Cash Bonanza: To qualify, you need to make regular monthly deposits into your
Christmas Saver account from February 2013 until 31 October 2013. You also need to have reached a minimum account balance
of $500 by 31 October 2013. You’ll then automatically qualify for the draw. The prize pool consists of 10 x $100 and 20 x $50 cash
prizes. The prizes will be drawn at random by B&E Personal Banking on Monday 11 November 2013 and winners will be notified by
mail. B&E employees and immediate family members are not eligible to enter the draw. Any queries or comments in relation to
this competition should be emailed to B&E Personal Banking via [email protected].
Everyday banking made even easier
Get e-savvy with your everyday banking...
The B&E banking apps are here!
eNewsletter – Touchpoint
We know you are always on the move so we’ve
made managing your everyday banking even easier
with the launch of the B&E iPhone and Android
banking apps.
Would you like to be the first to know about special offers
and information on our new products and services that help
you get the best out of your everyday banking with B&E?
As well as being able to access your money
through B&E internet banking, you can find your
nearest rediATM or B&E branch, contact your
local B&E branch manager or Client Services and
link through to the B&E website. You can even
train for our next 10-km fun run with the
B&E Personal Coach.
The B&E Personal Coach is your perfect training partner. It
enables you to track the distance you’ve run or walked and monitor
your time and the calories burnt. Now is the perfect time to start
training for the B&E Hobart Run the Bridge on Sunday 17 February
2013. See the back page for more event information.
Download your banking app today:
easyStatements
Say hello to easy, secure viewing of all your statements online 24/7
via internet banking with B&E Easy Statements. If you are a registered
internet banking user, you can access your online statements right
now by logging onto internet banking and selecting the ‘Statements’
tab on the top menu bar. To opt out of paper-based statements
altogether, simply call 1300 306 716 or ask when you next visit your
local branch.
Suscribe to Touchpoint, our monthly email news service.
Touchpoint features updates on community events that we
support and the latest information on safety and security
when it comes to managing your everyday banking and
finances.
Touchpoint is available to registered B&E clients only.
Subscription is completely free and you can unsubscribe
at any time. Register today to receive Touchpoint at
www.b-e.com.au/touchpoint
Like us on Facebook
B&E has joined the social media movement!
Follow us on Facebook where we will be
sharing savings hints, security tips, as well as
our latest offers and information about our
up-coming events.
Like us on Facebook today! Visit
www.facebook.com/BEPersonalBanking
Conquer the Bridge this February
B&E Hobart Run the Bridge
Sunday 17 February 2013 at 7am
Touchpoint caught up with Kim Gillard, a former internationally ranked
elite athlete and co-owner of The Running Edge, to get his top tips for
the 2013 event.
Kim says there are a few basics that beginner runners should know when
getting started. Here are a few of his tips to get you off and running
for the 2013 B&E Run the Bridge:
•
Schedule time to run: Make time in your schedule to run/walk
4-5 days per week.
•
Set goals: For most of us, just finishing is a huge accomplishment.
Set a goal beyond just losing weight to help you stay motivated.
Chances are that once you run a race, you will be hooked!
•
Get new shoes: It is very important to get the right shoe for your
foot. A shoe will make a massive difference and will make the
running experience much more enjoyable.
•
Determine running time: For beginner runners, time spent running
is more important than actual mileage completed. Gradually build
up the amount of time you spend running before being concerned
about running a certain number of kilometres. As a general rule, it
is widely accepted that a runner should not increase by more than
10% of weekly total mileage/time from week to week.
•
Keep a running diary: This is a great way to monitor your progress
and help keep you motivated.
•
Rest days are important: They give your muscles time to recover so
you can run again. You can either rest on these days or do some
cross-training, which can be walking, riding or swimming.
•
Walking: A lot of runners overlook walking in their training. Feel free
to walk during your training any time you feel tired or need a break.
•
Train with others: Training with other people is a great way to reach
your goal.
•
Eat like a runner: Runners need lots of carbohydrates for fuel.
Be sure to pay attention to nutrition.
•
Drink fluids: Drink plenty of water following your runs to stay
hydrated, and also replace electrolytes (with a good sports drink
like Gatorade Endurance).
London Olympian
takes out the
B&E Burnie Ten
A record field of more than 4,400 people turned out in typical
Tasmanian spring weather for the 2012 B&E Burnie Ten. London Olympic
athlete Collis Birmingham won the men’s race, crossing the line in 29
mins 4 secs. The women’s race was hotly contested, with Nikki Chapple
beating previous race winner Lara Tamsett to the finish line in a time of
33 mins 48 secs. For a full wrap-up of the event visit
www.burnieten.com.au
•
Be sure to stretch:
Stretch after every run.
•
Easy runs: These should
be at a pace that feels
fairly comfortable.
You should be breathing hard, but should be able to carry on a
conversation. If you are breathing so hard that you cannot talk, you
are running too hard!
For more great tips, visit www.hobartrunthebridge.com.au and follow the
link to The Running Edge Coaching Programs.
The 2013 B&E Run the Bridge 10-kilometre race starts at 7am and the
5-kilometre race commences at 8am. You can pick up an entry form at
any B&E branch or enter online at www.hobartrunthebridge.com.au
B&E Hobart Run the Bridge 2012. This image supplied courtesy of the Mercury.
Keep fit in 2013
B&E Hobart Run the Bridge – 17 February 7am
Visit www.hobartrunthebridge.com.au for more information.
B&E Launceston Ten – 16 June 10am
Visit www.launcestonten.com.au for more information.
B&E Burnie Ten – 20 October 11:15am
Visit www.burnieten.com.au for more information.
The information contained in this newsletter is general advice only and does not take into account your individual objectives, financial circumstances or needs.
Before acquiring any financial product, you should check if it is suitable for your needs and where appropriate seek independent advice.
You should also read the appropriate Product Disclosure Statement ‘PDS’ and Schedule of Fees and Charges, available at any B&E branch,
by calling 1300 306 716 or via our website, www.b-e.com.au.
B&E Ltd ABN 32 087 652 088 AFSL & ACL No. 236870.
7819
For enquiries and other services please call B&E on 1300 306 716 from anywhere in Australia,
email [email protected] or visit www.b-e.com.au