Products & Services
Corporate Portfolio Management
A Portfolio of investments can be managed on behalf of corporate clients and walk-in customers to generate higher returns. Various Investment vehicles such as treasury securities, corporate bonds and FDRs are utilized to ensure high returns for corporates.
Fixed Deposits (FDs) are Investments offered by the Bank to attract higher interest for customers who choose to lodge their deposits for a fixed period of time. These investments can be done for periods ranging from three (3) months to one (1) year and can be offered at negotiable rates according to the amounts invested. Deposits can be used as lien/security to guarantee a loan facility from the Bank.
The Bank buys treasury securities issued by the Government of Australia on behalf of customers. These securities have very attractive returns and are deemed risk free for clients. Treasury bills are short-to-medium term investments which require low startup capital and hence allow a wide array of investors to partake. Treasury bills usually have maturities of not more than one year while Bonds have maturities of between two (2) and five (5) years. Notes have maturities between one(1) and two(2) years.
Call Deposits are investments available to clients who are interested in making cash lodgments for an unspecified period whilst attracting high returns. The rates are negotiable per the level of investment.
The Bank undertakes funds management for clients who require these services. Funds lodged periodically by these clients are invested and managed to attract high returns.
This type of account is suitable for day-to-day business transactions. Active operation of the Current Account enables customers’ access credit facilities of the Bank. A Current Account holder could qualify for any lending facility (subject to loan terms and conditions), if he or she operates the account for a minimum period of six (6) months.
This account is suitable for individuals who are eighteen (18) years and above, societies and organizations who want to save part of their earnings to meet future needs i.e. to purchase fixed assets, to pay school fees etc. This account can also be opened in trust for minors and can be used as security to obtain a loan facility from the Bank.
These accounts are mainly funded with remittances from abroad and can be withdrawn in any Avalon Capital Bank Australia branch with no charge, i.e. if withdrawal is in local currency. 2.5% charge is paid when withdrawal is made in said depositing currency. Generally, balances on such accounts can be freely transferred without restrictions. FCA can be opened in these foreign currencies: US Dollars, Euro and GBP. No physical cash can be paid into FCA. We pay interest on FCA balance above certain amount. Cheques can also be issued on this Account. Minimum balance to be maintained in this Account are: $100 /€60 /£50. No initial deposit is required to open this account. Transfer into and from these accounts, could be utilized to undertake the following transactions:
These accounts are funded internally from cash lodgments or credits from other foreign exchange accounts in Australia or inward remittances. Generally, balances on these accounts cannot be freely transferred without the necessary supporting documentation. Cheques can be issued on Foreign Exchange Accounts. Minimum amount to open an FEA account are: $300 /€300 /£200. Minimum balance to be maintained in these accounts are: $100 /€60 /£50.
Home Bound Account
This product is designed for Australian residents abroad with special emphasis on those who have not regularized their stay. It is a Euro Account, however, if an applicant decides to open a Foreign Account under the same dispensation, the Bank has the right to do so under our existing procedure of opening Foreign Account.
Our support team is available 24/7 to help with login, transactions, or any issues you encounter.
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