Bank First photograph

Bank First

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CeoWilliam Wolke
Total assets2. 5 billion AUD (2018)
Founded1972
HeadquartersHawthorn East
Australia
Date of Reg.
Date of Upd.
ID2395047
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About Bank First


Bank First, formerly known as Victoria Teachers Mutual Bank, is one of Australia's financial institutions, with more than 100,000 customers, over $2 billion in assets and the only financial institution in Victoria focusing on the Education Community.

No interest rate cuts for foreseeable future, says Bank of England

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Nov 27,2023 9:31 am

... " The Bank First started to raise rates in December 2021 in an attempt to control inflation - but it is a balancing act...

Interest rates predicted to be held again

Interest rates predicted to be held again
Nov 1,2023 9:11 pm

... But Andrew Bailey, the Bank of England s governor, said when the Bank First held interest rates in September that there were In the run-up to Thursday s decision, data on the economy has fuelled analysts to predict rates to go unchanged for a second time...

NatWest confirms cash deposit glitch as customers say cash missing

NatWest confirms cash deposit glitch as customers say cash missing
Sep 21,2023 10:21 pm

... The Bank First said on X on Thursday morning that there was an " ongoing incident with our cash deposit machines" and that its team was " working to resolve this as a matter of urgency"...

First Republic: JP Morgan to take over major US bank

First Republic: JP Morgan to take over major US bank
May 1,2023 4:11 am

...JP Morgan is set to take over the troubled US Bank First Republic, according to regulators...

Investor fears mount as market sell-off intensifies

Investor fears mount as market sell-off intensifies
Oct 12,2022 1:11 pm

... The Bank First stepped in last month after promises of huge, unfunded tax cuts in the chancellor s " mini-budget" sparked a dramatic reaction on financial markets...

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Feb 16,2020 5:34 am

... Marks and Spencer, which came second in the survey, was described as having well-mannered staff Meanwhile, telephone and online Bank First Direct came top, followed by kitchenware retailer Lakeland, supermarket chains Marks & Spencer and Waitrose, and book retailer Waterstones...

NatWest confirms cash deposit glitch as customers say cash missing

Feb 16,2020 5:34 am

NatWest has confirmed there are issues with its cash deposit machines after customers reported money was missing from their accounts.

Several people on X, formerly known as Twitter, said that recently-deposited cash was not showing up in their balance.

Others said they had gone overdrawn as a result and expressed concern that they would be charged fees.

The Bbc has contacted NatWest for more information.

It is currently unclear when the issue started or how many people have been affected.

NatWest has been replying to customers individually on Social Media acknowledging a technical problem.

The Bank First said on X on Thursday morning that there was an " ongoing incident with our cash deposit machines" and that its team was " working to resolve this as a matter of urgency".

Shortly after, it said it was " anticipated that all transactions will Once Again be visible tomorrow [Friday] morning" although in a post late on Thursday afternoon it said it was " unable to confirm a timescale" for when the issue would be fixed.

It is not clear whether The Problem remains unresolved.

One customer contacted The Bbc to say they had flown to Croatia only to find that they had No Money in their account.

Another posted to NatWest on X saying: " I'm now £900 in my overdraft. I put £1000 in on Tuesday afternoon and it's gone? Also we better not be getting overdraft fees cause of your system failed. "

The Bank told another user that balances would be corrected when the issue was resolved, adding that if they had gone overdrawn because of the issue and saw any charges applied to their account then they should contact customer services.

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Source of news: bbc.com

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