Investec Australia's Investec One Account now provides clients with the complete range of everyday transactional banking capabilities following the launch of a new debit card offering.
The specialist bank has more than 20,000 private banking clients across Australia, with a focus on providing niche and transactional banking services for the medical, dental and accounting professions.
The bank's flagship Investec One Account provides an unparalleled bundled offer incorporating a high interest savings account, an optional overdraft facility up to $30,000, a debit card, online and mobile banking functionality and around-the-clock personalised service.
Unlike comparable transactional accounts offered by the major banks, the Investec One Account also offers an ultra-competitive at call interest rate.
To coincide with the debit card launch, Investec Australia has unveiled a special introductory rate of 3.75% - a 1.5% bonus on top of the current 2.25% standard variable rate for the first six months for balances up to $250,000 when clients activate the debit card and deposit at least $1,000 per month over the six month period (Special introductory offer available to clients who sign up by 31 March 2014).
According to Investec Australia's Head of Transactional Banking, Brent Zurowski, the launch of the debit card is a natural complement to the bank's shift into everyday banking, with the Investec One Account providing existing and newly acquired clients access to the complete range of banking solutions. This complements the Investec Signature and Platinum credit cards launched in July 2012.
"The debit card is the final piece in the everyday banking puzzle with the Investec One Account now a complete banking solution which will drive further competition in the Australian market. The functionality is distinctive and unique for the Australian market providing a whole-of-banking solution for our professional client base," he said.
- A debit card with Visa PayWave, making shopping online or overseas simple and easy;
- Five free local withdrawals every month at Commonwealth, Westpac, St George, NAB and ANZ branded ATMs;
- The option of an overdraft facility (up to $30,000) subject to credit approval;
- No monthly account keeping fees and no minimum balance;
- Online and mobile banking functionality; and
- 24/7 personalised service.
"The features of this everyday bank account herald a new breed of transactional functionality in the local market with the Investec One Account now truly bringing much-needed competition to the country's major banking institutions providing clients with a unique range of features available all in the one account," Mr Zurowski said.