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Home / Savings / Saving Accounts / Saving Accounts FAQs

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Take a look at our FAQs below:

Do I have to be a member to open an account?

The Credit Union is a mutual financial services organisation and as such is owned by its members, each one of whom is a shareholder. You need to be a member of the Credit Union to open an account with us.

Learn more about becoming a member^

How much do I need to deposit to open a saving account?

To become a member of Horizon and a shareholder, you will be required to pay a one-off cost of $2. There is no minimum deposit required to open a savings account with us. ^

How do I make deposits to my account?

You can arrange to make deposits to your account by:

  • direct credit of payroll or other income;
  • transfer from another savings or transaction account;
  • Internet or phone transfer; or
  • over the counter at any branch of the Credit Union. ^

How do I make withdrawals from my account?

Accessing your money will depend on the particular features of your account however we offer an extensive range of access facilities:

  • Visa Debit & Credit Cards
  • HandyNet - Internet Banking
  • HandyLine - Phone Banking
  • BPAY
  • Electronic funds transfer
  • Cheque book
  • Branch withdrawal ^

How often will I receive information on my account?

Statements are issued monthly or six monthly. Statements are also available through HandyNet when you register for eStatements.

Account information and balances are also available through HandyNet and Handyline ^

  Additional Information