Who Can Join?

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An individual is eligible to be a First Option Bank Member under any one of the following categories:
 
1. An employee, officer, or agent of:
  • A corporation or business in the gaming and leisure industry
  • A general industrial corporation or business
  • First Option Bank
  • A corporation or business approved by the board of directors
2. Family: The spouse, de facto spouse, widow or widower, or, whether by blood or marriage; the daughter, son, mother, father, sister, brother, grandparent, grandchild, aunt, uncle, niece or nephew of a person who is admitted to membership under point 1.
 
3. Family of Family: The wife or husband, or, whether by blood or marriage; the daughter, son, mother, father, sister, brother, grandparent, grandchild, aunt, uncle, niece or nephew of a person who is admitted to membership under point 2 and who has been a Member for at least 12 months.
 
4. Ex Member: A person who was but has ceased to be entitled to be admitted to membership under points 1, 2 or 3 above provided that he or she was a Member for a period of at least 12 months prior to having ceased to be a Member.
 
5. Approved Persons: The person has an affinity with First Option Bank and is approved by the board of directors.
 
6. Continuing Members: The person is a Member but has ceased to be eligible to be a Member in accordance with the above categories.
 
7. Transferring Members: The person was a Member of another ADI that transferred its business and its Members to First Option Bank under the Financial Sector (Transfers of Business) Act 1999 (Cth).
Become a memberEnquire

Are you eligible to join?

Each person joining First Option is required to purchase a share at $2. Your share is fully refundable should you close your First Option membership.

Like all financial institutions, First Option is required to verify your identity when you:

  • open a new savings, investment or loan account; or
  • become a signatory to an account.

This process will occur once only and will involve:

  • sighting original documents which will be used to verify particulars such as members’ full name and date of birth; or
  • if you are unable to visit one of our branches in person, you may send us a copy of the required documents that have been certified as a true copy by an acceptable certifier.

A list of acceptable documents and certifiers are shown on our Membership Application which is available from our Apply for Membership page.

Our identity verification procedures are compliant with the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (Cth), which is designed to help prevent people from using the financial system for tax evasion, money laundering and the financing of terrorism.

First Option supports this Australia-wide effort to fight crime and will do everything it can to make these procedures as smooth as possible for members.

With friendly, personal service combined with strength and security for peace of mind, First Option really is your smart choice!

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