Congratulations on opening an Elders Finance savings or transaction account. Great choice!
To get the most from your new account, follow our guide to swapping your salary, regular deposits and payments. If you need help or don't have time, just complete a the Switch of Regular Payments form below, and we'll take it from there.
Simply speak to your employer or payroll department and provide them with the Elders Finance BSB: 645646, and your new account number.
You can also use this Salary Credit form and give to your employer/payroll department.
If you'd like to take care of moving your regular payments to your new account, then just download and follow this four-step guide.
We've also included some tips for a smooth change over, plus sample letters to send for your current credit and debits.
We're happy to help you switch your regular payments. This guide will explain the steps and what we need from you to make it happen. Tip: you'll need to ask your old bank for the last 13 months of your regular electronic payments.
If you'd prefer, we can request your list of electronic payments on your behalf. Just complete this Switch of Regular Payment Arrangements form. To make the switch, you'll need to ask your old bank for the last 13 months of your regular electronic payments.
For recurring payments (which typically come from your debit or credit card account), complete this Notice of Variation of Account Details for Recurring Payments form. You'll need a fresh form for each payment you wish to update.
What's next?
Once you have completed the forms, please email them to FinancialServices@elders.com.au or take them to your nearest Elders Branch.
Please note: Elders Finance has no control over when the organisation making the payment will update their records and process the first transaction.
It's always a good idea to note when deductions are due, and leave sufficient funds in your old account until the switch is complete, just so you don't get charged any dishounour or late fees.
Once you are sure all payments and debits are running smoothly, it's time to close your old account and kiss your old financial institution goodbye!
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.