| The
Loyalty Package provides a rebate on your monthly transaction fees based on your
average monthly account balances. A $1.00 rebate is provided for every $1000 maintained
in either a: -
Home loan
-
Personal loan
-
Investment account
-
Savings or transaction account
The
United Loyalty Package gives you more opportunities to receive fee free transactions.
If you have an average loan or investment balance, your rebate should cover the
cost of most normal day-to-day transactions. As
a member of United, you will also receive fee free banking on a number of transaction
options. This means that you can make deposits, take out cash, transfer finds
within United memberships, pay your bills, check your balances and make daily
purchases all free of charge. You can make transactions through Redilink, UNet
and Rediteller ATM's all free of charge. An
example of the loyalty system and how it is calculated is shown below: This
rebate system operates as follows:
Sample Borrowing Member
| Your Accounts
|
| Personal
loan balance $ 12000.00
Home loan balance $ 80000.00
Savings account $
1000.00 | |
Total $ 93000.00 | | Maximum
monthly rebate entitlement $93.00 | |
| Sample Investing Member |
| Term Deposit $ 25000.00
Savings account $ 3000.00 | | Total
$ 28000.00 | | Maximum
monthly rebate entitlement $ 28.00 | |
| Sample Transactions |
4 x Rediteller ATM
transactions free
2 x BPAY transactions free
6 x Non Rediteller ATM transactions
$ 13.50
6 x Counter cash withdrawals $10.50
4 x Direct debit transactions
$ 3.00 | | Total
transaction fees $ 27.00 | | Actual
fees payable Nil | |
In both of these examples the maximum rebate entitlement exceeds fee costs and
no transaction fees would be payable. The rebate system is calculated outside
of the standard fee free options and therefore offers greater opportunity to avoid
transaction fees when you maintain all your accounts with United. A modest home
loan, personal loan or investment would provide a rebate to cover most normal
day-to-day transaction fees.
*For Personal Accounts only.
Please refer to the Business Accounts Fees & Charges brochure for information
on the Loyalty Package for Business Accounts available at any United office. | 
