DO NOT take up your Home Loan with Greater Bank!!!!
This mobile lender named Bradley Wallis that Greater Bank had to call me regarding my home loan enquiries, lured me in with his sweet words and sweet deals into taking my application with them. But what a waste of time and effort it was! This was our first home purchase which was suppose to be a happy experience but thanks to these guys it was such a nightmare!
I have explained clearly to him about me and my husband's current situation and employment details prior to our pre-approval but he told me all was good to proceed and not to worry. He ...even told us, our's was a vanilla deal, it'll definitely be approved without problems. Our pre-approval was given without trouble and once we found a house and made the official application all the problems started coming out. They've waited till it was super close to our finance due date before telling us it was declined saying that we do not have proper savings when we actually did. Bradley only asked for statements of the accounts where our salary goes into and that account doesn't show the money we save every month but it did show a record of money being transferred to another account of ours but they failed to query us about it before flat out rejecting us. After I've provided that savings account statements to show that we are actually saving in hopes to have them change their decision, they turn around and reject us again with the stupid reason that we were in our current employment less than 6 months. I've already clarified with Bradley regarding our employment status prior to our pre-approval and he was the one that assured me it was ok. And plus they never even mentioned about this factor when they first rejected us. I won't even need to provide those extra statements if I knew they were going to reject us again regardless. I even double checked with Bradley what are our chances if we were to provide these extra info, he said it was worth a try and he never once mentioned about the less than 6 months on current role thing. I have no idea what Greater Bank is doing by making their potential customers going on a wild goose chase which cost us our time, efforts and even money that we have spent on this house we are suppose purchase only to see it being taken away because Greater Bank can't do their job properly! You guys should have had all your lender managers briefed about the conditions and what is needed in applying a loan. Like seriously I feel your staff are under trained, inexperienced and unprofessional. FYI, this Bradley Wallis have now refused to answer my phone call after his email about our application being rejected. Dude, have some decency to call and tell me the news. Crap service and no professionalism! Absolute rubbish!
- Verified customer
Fraudulent charges for facebook ads not placed. Already 30 days. They ask for extension
2 Fraudulent foreign charges appeared on savings account statement Totalling aud$400.00. The branch cancelled the card and said it would be investigated.
It has been 30 days since the fraud. Now received a letter asking for an extension. The letter states
"the ePayments code states that cardholder disputes are to be settled within 21 days however, we require and extension of time to settle this matter"
The letter arrived 30 days after the fraudulent charges.
With Westpac I know that fraudulent charges are credited immediately. Been without these funds for 30 days already.
I am submitting this with the authority of a high school student who is a recent migrant with poor English....It appears the credit card was counterfeited or hacked from a website and used by a scammer who is placing facebook ads. All they have to do is ask facebook what country the order came from. This is also an indicement on facebook for accepting this transaction. As this is a Visa card i am surprised they did not flag the fraudulent transactions. It appears the Greater's systems are not protecting customers and they are very tardy about returning money.
- Verified customer
Sneaky rate increases. Untrustworthy staff.
Been a customer in one way or another for around 28 years. I feel absolutely deceived by The Greater from misinformation regarding fees at my loan interview to sneaky rate increases without being notified.
On rate increases: Once i was told "It was published in The Australian" Who reads The Australian.
On loan application: Was told at the last minute that if i don't agree to the extra fees i will not get the loan.
Used to be good many years ago. Now no better, maybe worse, than major banks. Do not trust and make sure everything is in writing and still do not trust.
Best Bank in Australia
Greater Bank is by far the best bank in Australia ., best customer service , easiest to use apps , fastest to send and recieve funds ! They do not delay payments coming into or leaving your accounts which is very annoying when other banks do.
Variable Home Loan
Switched our home loan over from CBA In late Jan to early Feb 2018. Started out at 3.74% then had an increase to 3.83 around August 2018. Just because they can I guess. And, they again increased it on the 15 May 2019 to 3.93% in anticipation of this rate cut. Now they are advertising that they will cut all loans on the 11th of June 2019 the full .25%. Just like every other bank...
- Verified customer
Great Rate Home Loan fixed 5 years
I did a check price against one of the ‘Big 4’ with Greater Bank and I’m glad I did. Excellent fixed term home loan rate 3.74% against 3.89%. Greater Banks LMI was 20% cheaper than the ‘Big 4’ bank (based on < 90% loan) and in my case my former bank was uninterested in matching them.
Service was exceptional from application to unconditional approval and I’m pleased that I’m paying interest to a customer owned and 100% Australian bank.
Would highly recommend anyone giving them a try, you’ll feel better for it!
Most of the staff at the Greater are lovely however there is one very difficult staff member who is often at the Hamilton branch. My first encounter was when making an over the counter transaction, I was asked for my driver's licence which the teller then recorded. I told her I did not like my licence number being recorded and asked what the purpose was. She said it was to verify who I was. I did not understand how writing it down verified who I was. I had my key card, the payment I was making was to a card in the same name as my main acco...unt and viewing my licence which has my picture and my address should have been sufficient. She advised me she could record it if she wanted to. I found this rather rude. I made a complaint to the Greater and was assured the teller had been spoken to, a note had been put on my account not to record the licence number and that I would not experience this again. A few weeks later and the same teller is on. I tried to avoid her but had no choice. I was transferring from my bonus saver to my account (both linked) I showed my licence and that was not good enough, she wanted it handed over. I said to her you are not to record my licence number there should be a note on my account. She then said Oh I know who you are and told me if she wanted to record it she would. She then went on to say how I could be fraudlently withdrawing my money, really my own money. She then said she had to verify the signature (evidently a signature expert) I questioned this as my signature should be on the bank's records. Again I raised this issue with the Greater and the explanation received was insufficient. Evidently they do random licence checks.
The only thing great is the staff, sometimes
Not so great and that's an understatement. I couldn't increase the limit on my card and after several attempts got turned down. No matter the amount of money I've got they refused to increase the limit. I'm not sure what was that and every time I've had to supply loads of paperwork for nothing. The staff is great though and were always helpful despite my problems. Waiting times can be tricky so better be prepared to sit it out.
No so great
I have previously spoken to the lending manager at Greater Singleton.All my details had been taken and I at that time did not qualifiy for a loan.I still wanted to consider changing my accounts to Greater at Singleton
I phoned last week to arrange to see the leanding manager and was expected to give details over the phone,i informed whoever answered the phonev hat My details would be on file and I was wanting to see the lending manager.I was informed that I would have to tell who ever answered the phone how muuch I wanted to borrow.I tried to e...
Not so great after all!!!
Did quite a bit of extensive research into home loans and found Greater Bank to be highly rated in terms of competitive rates and customer service awards for 2016, 2017, and 2018. Was so excited to refinance my home loan and so made an enquiry. The agent took all my info including the location of our home and postcode. I informed them that my property was a rural property with acreage. She put me on hold as she took my details and looked into my situation. After a short wait she came back and informed me I was qualified for their Great Rat...e Home Loan. The local loan officer from Coffs Harbour got in contact with us and made an appointment to write up the loan. We travelled an hour up to Coffs Harbour and spent 2 hours in her office providing all the info and completing the application. As is customary we had to provide heaps of personal information and agree to a full credit check on my partner and myself. She was friendly and professional and most helpful. She said she needed to complete a few more things on her end and would get back to us later that day. We travelled another hour back home only to get a phone call from her that afternoon informing us that the bank would not be able to provide the loan after all, as we were located outside their location parameters and as such the bank could only agree to loan an amount that would not meet the refinance commitments. Needless to say this was a huge disappointment and a waste of over 4 hours of our time, providing highly confidential and personal details, all because their initial screening process was not thorough or of high enough integrity to tell us the outcome in the first instance. Our credit rating and banking history is impeccable so these were not issues. I would recommend potential customers to fully investigate before proceeding with Greater Bank and expect to be disappointed with the outcome. Money Magazine, MOZO and Roy Morgan should all seriously look into their ratings and revoke these rewards. Most unprofessional bank that needs to change their name to Not So Great Bank!
Rude Teller, Greater Bank, Nowra Branch.
I've been a customer with Greater for a few years now, I have used them to Bank cash and cheques as my other bank (Credit Union) decided to close the Nowra branch. I have always found the customer service really fantastic, that was up until a couple days ago. I went into the branch to deposit some cash, not a lot, and was served by a young chap, when I passed him the bag containing the money he asked if I knew how much was in the bag, to which I replied "yes". So he starts counting the money when another teller comes along, a young lady with an...American accent from memory, and asked the young chap if he needed a hand, to which he replied yes. So then the young lady looked at me and asked if I knew how much cash I was depositing, again I replied "yes", she then snapped back "how much" to which I replied, "you'll find out in a minute when you finish counting" her response was swift and nasty when she barked back at me "HOW MUCH!!" Wow, I was a bit stunned by the ferocious reply and then told her the amount, which by the way was actually written on the envelope containing the cash. She must've seen the look on my face because straight away she started to be nice. Anyway, not my kind of customer service. What this young lady didn't know was that this particular cash deposit was a precursor for us to change all of our Banking over to the Greater from CUA, including our 2 Mortgages. Needless to say this will no longer be happening, I have already transferred the cash out of the Greater account, and I won't be troubling the Nowra Greater Bank branch anymore.
I joined The Greater with my home loan and other banking needs when they were a building society. I recently tried to re-negotiate a better deal with my fixed home loan expiring. Greater Bank had no interest in helping me get a better deal and still had the hide to charge a package fee for no frills products. I ended up getting a far better deal with one of the "big 4 banks". However, The Greater still "lost" the paperwork from my new financial institution which caused delays and still had the hide to charge me their package fee for another year even though I left.
Definitely don't recommend The Greater.
I have had my house loan for about three years with no issue. But even after advertising there not like the big banks they still put interest rates up even though the RBA has them on hold. How do these people sleep at night just screwing over families while they complete a money grab!!! Shame on you Greater I will be changing my home loan ASAP
Getting a Mortgage so slow
Have banked with the Greater for 7 years and always found their customer service to be really good. However, when recently applying for a new mortgage everything seemed to be so slow. Despite us being pre-approved for the same amount less than a year ago and holding other loans with the bank and having a good credit history. We were frequently asked for additional documents to be submitted urgently. There seemed to be staff away on holidays, training, not in because it was Friday afternoon whenever we called to try and speed things up. Disappointing service.
I was on their site and they have live chat. So I asked about a small loan to help me move, while I am on disability. The live chat correspondent stated they do loans for people in my situation. But after a long stuff about and reducing the loan amount I originally asked for, no matter what, they weren't going to approve.
A very stressful process
Preapproved for loan for 100000 we had 260000 deposit on a 340000 house. After contracts were exchanged Toronto branch cancelled the loan for no good reason they had mentioned previously so we have 2 days to find a new loan. We spoke with regional management instead of a loans manager and all was rectified. We have been assured all is good for the loan now. Very stressful to have exchanged contracts and be told the loan wasn't approved not an experience I will ever want to repeat.
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Questions & Answers
I done a wallet Wizard loan at 6:30 this morning I was wondering if it will be in my account today
Is anyone aware when this credit union turned into greater bank?
I got $27 interest for the previous month on my bonus saver, then came up minus $13 for tax W/HOLD, just wondering what that means and why it took $13?
I had this with another institution, who had not recorded my Tax File Number correctly.
Go and see them with your Tax File Number, and ask politely if they can refund the withholding tax?
Say your not sure if you made a mistake with the number , or they typed it in wrong.
I managed to get the Withholding back.
My approach is to treat everyone as I want to be treated - seems to work.
So "If you see someone without a SMILE, give them one". ******* It costs nothing
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