TERM DEPOSIT APPLICATION

YOUR DETAILS

You are a foreign tax resident if you are liable to pay tax in another country, even if you don't need to fill out a tax return.
Collection of Tax File Number (TFN) information is authorised and regulated by tax laws and the Privacy Act. It is not an offence to choose not to quote your TFN. However, if your TFN is not quoted you may be charged Withholding Tax on the interest that you earn. If quoted, your TFN will automatically be applied to future accounts you open on this membership unless you instruct us otherwise.

Second member details

You are a foreign tax resident if you are liable to pay tax in another country, even if you don't need to fill out a tax return.
Collection of Tax File Number (TFN) information is authorised and regulated by tax laws and the Privacy Act. It is not an offence to choose not to quote your TFN. However, if your TFN is not quoted you may be charged Withholding Tax on the interest that you earn. If quoted, your TFN will automatically be applied to future accounts you open on this membership unless you instruct us otherwise.

TERM DEPOSIT DETAILS

Minimum deposit amount is $2000

TERMS AND CONDITIONS

Term Deposit Terms and Conditions

  • Interest is calculated daily at the rate advertised for the term and paid annually on anniversary and on maturity of the investment.

  • The interest rate is fixed for the term of the deposit.

  • Withdrawal of this Term Deposit before the maturity date may be permitted under the following conditions:

    • 3, 6 and 9 month terms - the total deposit must be redeemed in full. Interest will be calculated on a daily basis, at the relevant current S1 ‘At Call’ interest rate and paid for the number of days deposited.

    • For the terms of 12 months and over - an early withdrawal of 20% of the initial deposit may be made without penalty. If awithdrawal over 20% is required, conditions as outlined in (1) above for the 3, 6 and 9 months terms will apply.

  • This deposit is accepted at the discretion of the Woolworths Team Bank who retains the right to decline or accept the application subject to these terms and conditions.

Membership Terms and Conditions

  • I apply for membership of Woolworths Team Bank, as part of the membership I agree to opening an Everyday Transaction account, and undertake to deposit the sum of $1.00 for share capital, which is fully refundable in accordance with the Constitution should I close my membership.

  • I agree to be bound by the 'VISA Conditions of Use' and all other terms and conditions applicable to the selected Accounts and Access facilities. I acknowledge that my Card and Personal Identification Number will be mailed to my home/mailing address.

  • I agree to the Financial Services Guide, Summary of Accounts & Availability of Access Facilities, Privacy Policy and Privacy Notification as outlined on our website.

Membership Terms and Conditions

  • We apply for membership of Woolworths Team Bank, as part of the membership we agree to opening an Everyday Transaction account, and undertake to deposit the sum of $1.00 for share capital, which is fully refundable in accordance with the Constitution should we close my membership.

  • We agree to be bound by the 'VISA Conditions of Use' and all other terms and conditions applicable to the selected Accounts and Access facilities. We acknowledge that my Card and Personal Identification Number will be mailed to my home/mailing address.

  • We agree to the Financial Services Guide, Summary of Accounts & Availability of Access Facilities, Privacy Policy and Privacy Notification as outlined on our website.


PRODUCTS AND SERVICES


VERIFICATION DOCUMENTS

First applicant

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Second applicant

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