Why Aussies choose to bank with AMP Bank
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Easy to manage
Managing your funds is easy with the My AMP app.
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Competitive interest rates
Manage and access your funds while earning competitive interest.
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No monthly fees
Banking with AMP means no monthly fees.
Payment options
Switch to AMP Bank
Are you looking for exceptional service and competitive banking rates? Well look no further, AMP Bank offers all of this and switching is easy. Get started and discover the possibilities with AMP Bank today.
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If you need help, please call us on 13 30 30 Monday to Friday 8am - 8pm (AEST) Saturday to Sunday 9am - 5pm (AEST)
How it works
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1. Open a transaction or saver account with AMP Bank
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2. Set up your regular payments and periodicals
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3. Close your old account
We're phasing out cheques
Cheque usage has significantly declined with an increasing number of Australians moving towards faster and more secure payment methods. We are making some changes to our cheque services in line with the national approach to phase out cheques in Australia.
Key Dates
- 11 May 2024
From 11 May 2024, we will no longer issue bank cheques.
- 27 May 2024
From 27 May 2024, if you have an AMP Bank issued bank cheque in your possession you will need to contact us on 13 30 30 to arrange to have it paid into a nominated bank account.
- 24 November 2024
From 24 November 2024, we will no longer accept for deposit, personal cheques or cheques issued by other financial institutions.
We’re discontinuing issuing and receiving cheques.
Please see the timeline below:
On and from 11 May 2024 – We will no longer issue bank cheques to customers and third parties.
On and from 27 May 2024 – If you have an AMP Bank issued bank cheque in your possession you will need to contact us on 13 30 30. After verifying your identity, we will ask you to provide information about the unpresented cheque and nominated account you would like the funds to be paid into. We will also ask you to provide us with a copy of the front and back of the cheque via and email to AMPBankPayments@amp.com.au. Please note, it can take up to three business days once we receive the copy of the cheque for the funds to be deposited into your nominated account.
On and from 24 November 2024 – We will no longer accept for deposit, personal cheques or cheques issued by other financial institutions.
Over the past two decades, the banking landscape in Australia has changed as banking technology advances and customers transition towards digital transactions. With cheques now in steady decline and accounting for only 0.1 per cent of all payments across the Australian payment landscape, more and more payment service providers are moving away from cheque processing.
As a digital bank, we have made a decision to phase out cheques and instead focus on providing our customers with faster, reliable digital services to fulfill their payment needs.
When you bank with us, you can access your funds in many ways. This includes internet banking using your desktop, mobile app using your smartphone or tablet, PayID, AMP Visa Debit Card and BPAY. More information about ways to bank can be found above.
On and from 11 May 2024, we will no longer issue bank cheques.
On and from 24 November 2024 – We will no longer accept for deposit, personal cheques or cheques issued by other financial institutions.
Please ensure personal cheques and cheques issued by other financial institutions are provided to AMP Bank by 19 November 2024 to allow time to process your request.
This means you should consider requesting payments be made to you digitally into your nominated bank account between now and before 23 November 2024 in preparation for this change.
AMP Bank cheques
On and from 27 May 2024, if you have an AMP Bank issued bank cheque in your possession you will need to contact us on 13 30 30 to arrange to have it paid into a nominated bank account.
All other cheques
For all other cheques, up until 23 November 2024, you can deposit the cheque at Australia Post participating outlets.
| Bank@Post at Australia Post | If you have an AMP Visa Debit Card linked to your account, you can deposit AMP bank cheque(s) at outlets displaying the Bank@Post sign. Cheques must be payable to yourself and match the name on your AMP Visa Debit Card. |
On and from 24 November 2024 - We will no longer accept for deposit personal cheques or cheques issued by other financial institutions.
The Australian Government intends to wind down the cheques system in Australia by no later than 2030.
Important information
The product issuer and credit provider is AMP Bank Limited ABN 15 081 596 009, AFSL and Australian credit licence 234517.
AMP Bank is a member of the Australian Banking Association (ABA) and is committed to the standards in the Banking Code of Practice.
Bank@Post and its device mark are trademarks (registered or otherwise) of the Australian Postal Corporation. All rights reserved.
Footnotes
Information is correct as at 17 March 2022.