ME Bank supports flood-affected Australians

ME Bank Media Releases 

ME Bank shares the concern of all Australians, with more than 200,000 people from communities around Australia and thousands of homes and businesses impacted by the devastating floods. Our thoughts are with all those affected with 75 per cent of Queensland declared a disaster zone.

We have identified and are offering our support to all of our customers who live in flood-affected areas to ensure they are aware of support available. Our Business Banking representatives are working directly with businesses in these areas to assess their needs and offer support.

Across Australia, ME Bank staff continue to show their support to the Flood Relief. Within impacted communities, local staff are volunteering their time to the recovery efforts.

The ME Bank Brisbane State Office and Branch have now reopened for business, and all branches are now facilitating online donations towards the Queensland Premier's Flood Relief Appeal.

ME Bank's Flood Task Force Team

An ME Bank Flood Task Force Team has been established to ensure our customers, employees and local communities impacted in Queensland and Northern New South Wales receive every possible support through this difficult time.

ME Bank has a Customer Hardship Policy available to eligible customers offering a payment relief programme. The Policy seeks to help reduce the financial burden of ME Bank customers who have suffered loss of property, employment or are facing any other financial difficulties at this time. A Customer Help Team is in place to assist these customers and they can be contacted on 1300 500 520.

Financial Relief through our Customer Hardship Policy

The financial relief available through our Customer Hardship Policy includes:

  • Up to 3 months suspension of Home Loan repayments, with the interest capitalised to the loan;
  • Up to 3 months suspension of Personal Loan repayments with the interest capitalised to the loan;
  • Up to 3 months suspension of Credit Card repayments with the interest capitalised to the account;
  • Prioritisation of customers applying for limit increases on their Credit Cards in order to gain access to additional funds;
  • Waiving of fees on any fixed term savings (i.e. Super Members Term Deposit, Standard Term Deposit and Business Term Deposit) where a customer needs to break their term early to access their savings; and
  • Direct liaison by our Business Banking representatives with all affected businesses to assess their needs and offer support.

$50,000 to Queensland's Premier's Flood Relief Appeal

ME Bank has further increased its financial support to a total of $50,000 for victims of the worsening flood crisis in Queensland. We hope this goes some way towards the relief and recovery efforts for affected Australians. We are also encouraging ME Bank staff to support the Appeal and donate.

How you can help

Donations

If you wish to donate:

Volunteers

Those wishing to volunteer their time can visit Volunteering Queensland to register.

For further information, support and assistance on the floods go to the Queensland Government website.