Financial claims scheme protects up to $250,000 per account holder in the unlikely event that the bank is declared insolvent.
More information on the Financial Claims Scheme can be obtained from the Financial Claims Scheme website at http://www.fcs.gov.au. Alternatively, more information about the scheme can be obtained via the APRA hotline on 1300 55 88 49, if calling within Australia, or on +61 2 8037 9015, if calling from outside Australia.
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The credit provider and bank product issuer is AMP Bank Limited, Australian Credit Licence 234517.