Interest is calculated daily and paid monthly.

No, there is no minimum balance or minimum deposit required.

You can apply for an SMSF Saver account in one of the following ways:

• Call 13 63 73
• Visit a branch
  
• Download and complete the relevant form below and return it to Reply Paid 90210, MELBOURNE VIC 8060:
• SMSF Saver - individual as trustee (PDF, 343.5 KB)
• SMSF Saver - company as trustee (PDF, 343.5 KB)
  

You must have an SMSF to open an SMSF Saver account. If you don’t have one, you may want to speak with an SMSF professional.

For further information, visit www.ato.gov.au. Alternatively, you can arrange an appointment with a BankVic Financial Planner.

You can open a SMSF Saver account whether your SMSF is structured with Individuals as joint trustees, or a Company as a trustee.

Yes, you can – all you need to do is become a BankVic member.

For an SMSF set up with Individuals as trustees
Each individual trustee is required to be or become a BankVic member. If you're already a BankVic member, you don’t need to do any more, but if you’re not a member, you'll need to purchase ten $1 shares.

For an SMSF set up with a Company as trustee
To open the account, at least one director must be a BankVic member. Please note: the company and all individuals be they trustees or company directors will be required to provide verification of their identity in line with Australia’s Anti-Money Laundering and Counter Terrorism-Financing legislation.

This will depend on how your trust is structured. Each of your trustees will need to be an account holder.

For an SMSF with individuals as trustees
You will have either two, three or four trustees and each will need to be an account holder.

For an SMSF with a company as a trustee
You will have at least one director, but may have up to four.

Our Service & Sales team will be able to assist you with the forms you will need to fill in.

You will need to provide:

• a certified copy of the SMSF Trust schedule, or
• a certified copy of the signed executed deed.

In addition, companies will need to provide:

• a certified copy of the company’s registration as acknowledged by ASIC, and
• a current company search.
  Note: if you cannot provide this, we can perform a company search on your behalf, however there will be a small fee for this service. Once again our Service & Sales team can guide you through this process.

Account statements are issued quarterly and made available on eStatements through internet banking. We will notify you via email when your eStatement is available, so please ensure you provide us with a valid email address.