Your funds are secure
The Financial Claims Scheme is an Australian Government-backed safety net that provides protection to deposit-holders with certain financial institutions. As an Elders Finance customer, you may be protected by this scheme for deposits of up to $250,000 per account holder, per authorised deposit-taking institution (ADI)*.
Important Information
^Elders branches are cashless. Fees may apply depending on the type of in-branch transaction. Refer to Ways to Bank for ways to transact on your account.
*The Financial Claims Scheme (FCS) limit of $250,000 applies to the sum of an account holder’s deposits under each Authorised Deposit-taking Institution (ADI) and so includes accounts with any other banking businesses that the ADI may operate under a different name. Auswide Bank is an ADI and is prudentially supervised by the Australian Prudential Regulation Authority (APRA). Auswide Bank is a single banking institution, but may have branding arrangements with other entities (such as Elders). If you have an Elders product as well as a product branded as Auswide Bank Ltd, the combined total of these accounts will be counted towards your $250,000 limit.
Disclaimer: Elders Rural Services Australia Limited ABN 72 004 045 121 Australian Financial Services Licence 237757 (Elders) has entered an arrangement to distribute banking products issued by Auswide Bank Ltd ABN 40 087 652 060 Australian Financial Services Licence 239686 (Auswide Bank). Auswide Bank is a wholly owned subsidiary of MyState Bank Limited ABN 89 067 729 195, part of MyState Limited ABN 26 133 623 962. This information is general in nature and does not consider your personal objectives, financial situation or needs. Before deciding whether to apply for a financial product, you should seek professional advice and consider the relevant Terms and Conditions and Target Market Determination on the Elders website. Elders may receive a commission from Auswide Bank if you successfully apply for a financial product through Elders. For more information on Elders’ relationship with Auswide Bank, please read the Elders Financial Services Guide.