Woolworths Team Bank

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According to its official website, Woolworths Team Bank is the brand of Woolworths Team Bank Limited and presents itself as a member-owned mutual bank. The site states that it began in 1971 as the Safeway Employees Credit Co-operative for employees of Safeway supermarkets in Australia, changed its name after Woolworths acquired Safeway in 1985, became Woolworths Employees Credit Union (WECU) in 2006 and Woolworths Team Bank in August 2020. Membership is open to Woolworths and Endeavour Group team members, their immediate families and those with an affinity to the group such as Everyday Rewards members and contractors; the site stresses that the bank is not owned or operated by Woolworths Group Limited. Its address in the ASIC record is in Mulgrave, Melbourne. It offers transaction and savings accounts and term deposits of 3 months to 2 years from AUD 2,000, and provides home, personal, car and electric vehicle loans, a Visa credit card, home, car, pet, health and travel insurance, international money transfers and foreign exchange services. Accounts are managed through online banking, the mobile app, digital wallets and Bank@Post. This information is the company's own statement.

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ASIC (Australia)

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