Code of Banking Practice

Bendigo and Adelaide Bank has adopted the Revised Code of Banking Practice. Click here to view the media release.

Terms and conditions for all banking services and guarantee documents to which the Code applies have been amended to comply with the Code from 1 July 2005. This means that all loan contracts issued on or after 1 July 2005 will have terms which comply with the Code, and all guarantee documents issued on or after 1 July 2005 will be subject to a dollar limit, as required by the Code. However, the disclosures which the Code requires to be given to prospective guarantors will be provided as a standard procedure only in relation to loan applications lodged with Bendigo and Adelaide Bank on or after 1 July 2005. Guarantors of loans issued in relation to loan applications which were lodged before 1 July 2005 and which therefore are in progress on 1 July 2005 will not be given the disclosures as a matter of course. However, if they request the disclosures, the information will be provided.

A copy of the Code is available at any of our Bendigo Bank branches or by telephoning 1300 366 666. A copy of the Code can also be printed from the following link.

Further information on the Code is also available from the Australian Bankers Association website by following this link http://www.bankers.asn.au/default.aspx?ArticleID=446