Government Deposit Guarantee

What is the Financial Claims Scheme (the deposit guarantee)?

The Financial Claims Scheme ensures that depositors with banks, credit unions and building societies will be guaranteed repayment of their funds in the extremely unlikely event that any banking institution faces stress. The Scheme includes a guarantee of $250,000 per person per institution.

How are deposits at Australian Banks, building societies and credit unions protected?

Australia has one of the strongest banking systems in the world. You can have confidence that all Australian banking institutions – banks, credit unions and building societies – must meet the toughest regulatory standards and protections, designed to protect you. The Financial Claims Scheme has never been used in Australia.

Depositors should be aware that their deposits with AWA Alliance Bank are held on the Bendigo and Adelaide Bank Balance Sheet. Consequently, if depositors have funds with an Alliance Bank and Bendigo and Adelaide Bank, the extent of their total Government Guarantee is limited to $250,000.

To find out more about Government guarantees, visit APRA’s website at

If you have any questions regarding the above, please contact us.

Bendigo and Adelaide Bank

AWA Mutual Limited ACN 087 651 652 (AWA) is an agent of Bendigo and Adelaide Bank Limited (Bendigo Bank) ACN 068 049 178 AFSL/Australian Credit Licence 237879 in the distribution of AWA Alliance Bank branded products and services. AWA also has arrangements with other third parties as detailed in the Financial Services Guide.

AWA Alliance Bank branded deposits and loans are deposits and loans of Bendigo Bank. This website provides general advice only and information has been prepared without taking into account your objectives, financial situation or needs. We recommend that you seek independent advice before making any decisions based on this information. Consider the relevant disclosure documents, which includes terms and conditions for the various AWA Alliance Bank products and services as this information is relevant when deciding whether to acquire or hold an AWA Alliance Bank product. AWA Alliance Bank is a trade mark of Bendigo Bank.