Teachers Mutual Bank

The Teachers Mutual Bank opened its doors in 1966 and has been operating for over 50 years.

9 teachers had a dream of helping teachers and putting together an organisation that offers the finest products and services such as loans and credit cards to teachers and their families.

Their values

They based their foundation on partnership, education, strength, commitment, integrity and sustainability so that they could be braver, bolder and even more competitive and bring you the best value for money products and services. Their main values focus on advocacy, passion and sustainability.

Advocacy

They are there for you through every step of your financial journey and help you make the most of every dollar that you earn and help you reach the financial goals that you have set. The products and services that they offer have been specifically designed for teachers.

Passion

Their passion is putting you first and helping you achieve financial freedom. Their passion is to assist teachers, their families and others in the education industry to get ahead so that they can continue educating the youth and not have to stress about financial issues.

Sustainability

They are 100 % committed to making the future a better place by employing skilled, ethical staff members. they deliver the most innovative products and services and help various communities and schools as well as the environment to ensure a more sustainable future. Teachers Bank has over 193,000 members and more than $6.9 billion in assets which makes them a market leader.

Customer-owned banking code of practice

This is their promise to you that everything they do is to benefit their members, encourage community involvement, charge fair fees and provide their clients with excellent customer service and advice.

Their products and services include home loans, accounts, credit cards, personal loans, insurance, travel and financial planning. All their services are available 24 hours a day via Internet banking or via their mobile app.

Their 10 promises to their clients

1. All their dealing is ethical and fair
2. Their focus is on empowering their members
3. All the information they provide will be clear and correct
4. They are a responsible lender
5. They will always offer the highest standards of customer service excellence
6. All complaints will be handled fairly and resolved quickly
7. They recognise their member's rights
8. They comply with all industry and legal obligations
9. They aim to improve the lives of the community and have sustainable business practices

Teachers Mutual Bank Credit Card

Your Teachers Mutual Bank Credit Card can be used to pay for shopping, travel overseas or consolidate your debt. 

To apply is 100 % free and you will only be charged 7.90 %pa for the first 6 months and you won’t be charged any annual fees.

Other benefits include:

• Compatible with Apple Pay
• Compatible with Google Pay
• 90 pa rate for the first 6 months
• You won’t be charged any annual fees
• Make even faster payments of up to $100 with payWave
• Manage and transfer your balances hassle-free
• They use the safest and most secure chip card technology
• Get extra protection with Visa Zero Liability
• The credit card is accepted in over 200 countries
• Access to a 24-hour hotline for lost and stolen cards
• Credit limit of $1,000 to $25,000