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Government Guarantee

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The Australian Government has guaranteed deposits up to $250,000 in Authorised Deposit-taking Institutions (ADIs).

Gateway Bank is an Authorised Deposit-taking Institution (ADI) same as the big banks and other credit unions. 

This means that your money is guaranteed if anything happens to Gateway Bank.

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The cap applies per person and per Authorised Deposit-taking Institution. So for example if you have $250,000 with Gateway Bank and $250,000 with another bank or credit union, then both of your deposits are guaranteed. In the case of joint accounts, each account holder is entitled to an individual guarantee up to $250,000.

At Gateway Bank, we are prudentially regulated by the Australian Prudential Regulatory Authority (APRA) just the same as the big banks. Gateway Bank has constantly developed over the last 50 years, so you can feel secure that your deposits are protected with the Government Deposit Guarantee applying to our: 

  Does the guarantee apply to foreign currency?

The guarantee applies to all ADIs incorporated in Australia, including Australian-owned banks, foreign subsidiary banks, building societies and credit unions. To check which banks are covered by the guarantee see the Australian Prudential Regulation Authority's list of ADIs.

  Where can I find out more information?

For more details, visit ASIC’s MoneySmart website or see APRA's Financial Claims Scheme website.


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