Title: Australian Government Bank Guarantee: Banks included | Finder
Headings: Australian Government Bank Guarantee: Which banks are included?
Australian Government Bank Guarantee: Which banks are included?
Your deposit up $250,000 in a licensed Australian bank is protected by the Australian government. Here's how the bank deposit guarantee works, including when your money isn't covered under the scheme.
Australian-owned banks included in the bank deposit scheme:
Foreign subsidiary banks included in the bank deposit scheme:
How does the Australian Government Guarantee work?
What types of accounts does the guarantee cover?
Bank accounts protected by the bank guarantee
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What types of accounts aren't included in the guarantee?
Is it possible your bank will go bankrupt?
What if I have multiple accounts with different banks?
What happens with joint accounts?
Does the Australian Government Guarantee Scheme include non-residents?
Is my SMSF bank deposit covered under the government guarantee?
Are mortgages included in the government guarantee?
Are digital neobanks covered by the Australian Government Guarantee Scheme?
Can the government take my money to help bail out the bank?
Alison Banney
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Content: so deposit holders don't feel the need to run to the bank and withdraw their money all at once. Remember, this is very unlikely to happen and is a 'worse-case' scenario. But it's good to know that if it were to happen, your deposit would be safe. What if I have multiple accounts with different banks? The scheme is applied per person per ADI. If you have several accounts with different ADIs, for example if you had one account with Westpac and another with CommBank each with $250,000, both would be covered in the scheme. But if you had two separate accounts with Westpac each with $250,000, you'd only be covered for the first $250,000. It's important