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The Vault – Terms and Conditions

‘The Great Southern Bank Vault’, also known as ‘The Vault’ or ‘Vault’, is designed to help reduce your temptation to dip into your savings/deposit account, while logged in to Digital Banking services.

Great Southern Bank determines at its discretion which deposit products are eligible to be included in ‘The Vault’ and may adjust this product eligibility from time to time.

You can choose to add / remove your eligible deposit account(s) to/from ‘The Vault’ via Digital Banking.

If you choose to place an account in ‘The Vault’, that account will be hidden from selected screens in your Digital Banking view including your main account list and account lists used for making outward payments from Digital Banking. Other account holders or signatories of the same account will still be able to see an account that you have placed in ‘The Vault’ in their own Digital Banking view (unless they have also chosen to add the same account to their own ‘Vault’).

Adding an account to ‘The Vault’ does not place any transactional restrictions on your underlying deposit account, it simply hides the account from selected screens in Digital Banking. Existing payments previously established via Digital Banking prior to adding an account to ‘The Vault’ will continue. Equally, any payments or transactions on your account initiated outside of Digital Banking (e.g. card transactions, direct debits, inward payments/transfers) will also not be restricted as a result of adding an account to ‘The Vault’.

While an account is in the Vault it will continue to display in Statements and eStatements. You can also check the balance of an account while it is in ‘The Great Southern Bank Vault’ using the “show balance” option in ‘The Great Southern Bank Vault’ screen in Online Banking.

In adding an account to ‘The Great Southern Bank Vault’ you can also choose to add a custom message to deter you from accessing your savings while within Great Southern Bank Digital Banking. Great Southern Bank reserves the right to amend or remove custom messages that it deems to be inappropriate.