Banking with a conscience

Banking with a conscience

Each year Australians donate millions of dollars to not-for-profit groups, and although the rising cost of living is putting pressure on that generosity[1], there are simple ways to support the community that can ease the impact on your hip pocket.

Making informed choices on every day activities, such as where you bank and which savings account you open may enable you to easily support charities and community groups close to your heart.

That’s because some financial institutions embrace a Corporate Social Responsibility program that delivers community rewards on behalf of its customers, so its worth considering this and what they offer when reviewing your choice of banking partners.

For example, we offer an everyday bank account, called a Community Reward Account that donates up to 1.25 per cent of the average annual balance to the customer’s nominated not-for-profit organisation or community group.

Community groups first register as a beneficiary and individual customers nominate the preferred community group they would like to support, when opening their account with us.

If you’re involved in a community group, not-for-profit or local charity, these accounts also provide a way to boost your fundraising efforts.

Some customer-owned financial institutions, like Beyond Bank also go above and beyond in their support for the community by providing special grants, regular donations, helping to find volunteers for community groups and other business support. These are some other ways that through your banking you can tap into extra funds for your local community.

To find out more about how you can support the community and your chosen not-for-profit organisation with a Community Reward Account – visit us at your local Beyond Bank branch, or give us a call on 13 25 85.

[1] Roy Morgan Research, April 2013, ‘Caring but not as much sharing: Aussies donating less’