Savings and Term Deposit FAQs

Yes, Gateway's deposits are guaranteed under the Government's Financial Claims Scheme.

Gateway accepts retail deposit funds from the following entities:

  • Individual or Joint personal applicants
  • SMSF
  • Investment Trusts
  • Discretionary Trusts
  • PTY LTD (if they are a corporate trustee to an Investment Trust, Discretionary Trust or SMSF)
  • Small associations and charities

For all other entity types please contact Gateway to discuss your options.

You can choose from any of the following methods to make a deposit into your Gateway account.

  • Payroll Credit: Gateway Bank accepts direct credit from any employer, for a regular payroll deduction to Gateway contact your pay supplier. All you need to use is our BSB 676-000, your Account number and your Account Name.
  • Gateway Bank Branch: You can deposit cash and cheques at our branch in person or Mail cheques to our postal address:
    GPO BOX 3176
    SYDNEY NSW 2001
  • International Money Transfer: When transferring funds to us from a bank outside of Australia, use our BSB 676-000 and your account number. Be sure to include your membership number and full name as your reference. Gateway's IMT Swift Code is ASLLAU2CGTW.
  • Use your Visa Debit Card to make a deposit at any Australia Post outlet displaying the Bank@Post sign. Fees & Charges may apply.
  • Commonwealth Bank Branch: You are able to deposit funds via any Commonwealth Bank Branch in Australia using an encoded deposit book provided by Gateway. To obtain a deposit book call us on 1300 302 474 or contact us online.
  • Via internet banking: You can transfer funds into your account from other financial institutions via internet banking using our BSB 676-000, your Account number and your Account Name.

Gateway Bank's BSB is 676-000

Bank@Post is provided by Australia Post. It enables you to be able to make withdrawals, deposits and/or pay your credit card bills over the counter at any Australia Post outlet displaying the Bank@Post sign. Fees & Charges may apply.

You can withdraw funds from your Everyday Savings Account, Edge Account or 100% Loan Offset Account using your Gateway Visa Debit Card at ATMs throughout Australia, and worldwide at ATMs displaying the Visa logo. Please refer to our fees and charges for ATM fees. You can also withdraw funds via EFTPOS at participating stores.

To transfer funds, you can use Online Banking, Direct Debit or Telephone Banking. Gateway Bank can also send a cheque on request.

BPAY® is available through Online Banking and Telephone Banking.

Telephone Banking is available 24/7 by calling 1300 302 474.

Generally you will need to provide a written request with 7 days’ notice, some term deposits require 31 days’ notice.

Gateway then may agree to repay part or all your deposit before the term has ended. If so, interest will be paid on the amount you withdraw at a reduced rate from the date of deposit to the day prior to withdrawal.

The applicable interest rate will be the rate at the time of lodgement and may be subject to a penalty for early withdrawal. Other Terms and Conditions apply.

Funds should be available the next business day but may take up to 2 business days depending on the time funds were transferred.

A SWIFT (or BIC) is the unique identification code of a bank. SWIFT codes are used when transferring money between banks for Telegraphic Transfers. Bank Identifier Codes (BIC) are commonly known as SWIFT codes.

A merchant is a business whom you purchase goods and/or services from.

ATM direct charging means that if you use another bank's ATM, you could be charged directly by that bank. The ATM operator will advise if a fee will be charged for your transaction. You may consider cancelling your transaction and finding an alternative if you wish to avoid the fee. There is a wide network of ATMs in Australia which can be accessed fee-free.

The daily cash withdrawal limit is set at $1,000 per day.

The daily limit is $1,000, however, if you use the credit (CR) option the limit is the funds available in your account.

Gateway will consider a temporary or permanent increase or decrease to the daily cash withdrawal limit upon your request. Call us on 1300 302 474.

You will need to contact the merchant; you may need to provide proof of purchase before the hold is removed.

Visa payWave is the latest in contactless, secure transaction technology that allows you to make instant lower value purchases without entering a PIN.

You just need to ‘wave and go’ by holding your Gateway Visa Debit Card against any available Visa payWave reader for instant purchases under $100.

NB – daily payWave transaction limits will apply and you may need to enter your PIN once this limit has been exhausted.

You will need to contact the payee (e.g. fitness club, utility provider, financial institution) and advise them of your new Gateway Visa Debit Card number and expiry date.

If you do not change your payment arrangements to your new Gateway Visa Debit Card, they may be declined. If you require assistance changing your payments, please contact Gateway on 1300 302 474.