Giving you peace of mind that your deposits are covered up to $250,000.

As an authorised deposit taking institution (ADI), deposits with B&E are covered by the Australian Government’s Financial Claims Scheme.

The Financial Claims Scheme was established in October 2008 when the Government moved to guarantee unconditionally up to $1 million of a depositor's total deposits with any individual Authorised Deposit Taking Institution (ADI) at no cost to the depositor. 

In September 2011 the Australian Government committed to extending the scheme on a permanent basis with revised arrangements.

These arrangements are: 

  • A permanent guarantee of $250,000 for deposits effective from 1 February 2012.
  • The $250,000 cap applies per account holder, per ADI.


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