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Our Benefits

At BankSA we think of reward as being about more than just pay.

Your Total Reward = Pay + Benefits + Development + Wellbeing.

There are benefits that have a financial value like fixed pay and our Employee Share plan, but there are also many ‘non-salary’ benefits that we offer that are a little more difficult to quantify such as recognition, development and career opportunities, supporting community involvement and work flexibility.

To get a feel for what your Total Reward at BankSA could look like, click on the following links to find out more.

Your Pay

Rewards for hard work

BankSA is a member of The Westpac group. Under the Westpac Group’s Reward Plan, up to $1,000 worth of Westpac shares can be allocated to eligible staff, every year, providing certain BankSA Group performance targets are met.

Make your reward go further

At BankSA eligible staff can ‘salary sacrifice’ which means you can take certain benefits as ‘pre-tax’ items, such as vehicles, laptops, superannuation contributions, private meal and entertainment expenses and debt reduction.

This can be a great way to increase your disposable income and better manage your finances. Working out how to maximise your salary package can be quite daunting, so we provide eligible staff with a service designed to help them understand and select the best options. Specially trained Client Service Managers will take staff through their options step-by-step.

Helping with your retirement – superannuation

BankSA offers all staff the opportunity to choose their own super fund, or one of two staff superannuation funds. Both funds offer a wide range of investment options with specialist fund managers, and insurance cover at wholesale premium rates. Staff superannuation is professionally managed and benefits include on-line access to account information and investment switching, a wide range of investment options, competitive fees and a member helpline.

Conditions apply to some of these benefits.

Your Benefits

Family benefits

BankSA recognises that for most people, balancing work and family is a priority. That’s why the Lifestyle Benefits program has been designed for you and your family - you can all enjoy special rates and deals on travel, shopping and entertainment.

To assist with work-life balance, BankSA also provides:

  • Thirteen weeks paid parental leave and additional unpaid parental leave
  • Flexibility in how parental leave is taken over a two-year period
  • Grandparental leave to support the critical role of grandparents in the care and development of children
  • Free information on childcare, family care and eldercare services
  • Opportunity to return from parental leave on a part-time basis until your child starts school

And in difficult and challenging times, BankSA makes free and confidential counselling services available to you and your family.

Third Party Benefits

BankSA staff (and their families) can enjoy a range of lifestyle benefits, including:

  • Discounts on movies and entertainment, including concerts and sporting events
  • Discounts at restaurants
  • Access to a shopping service, e.g. electrical, white goods, home appliances
  • Great deals on travel and accommodation
  • Special rates on holidays, car rental... and many, many more

Our Social Clubs

To enjoy even more lifestyle benefits, staff can join one of our Social Clubs. Social Clubs provide access to a great range of discounted merchandise, travel and entertainment offers, social functions and sporting activities organised specifically for staff and their friends throughout the year.

Benefits of banking with BankSA

Our people can access a range of banking benefits, including:

  • Great staff deals on home loans, credit cards and personal loans
  • A fee-free transaction account
  • Savings on financial products and services including margin loans, insurance and investment products and financial advice

Protection against unexpected events in life

Eligible staff are covered by the BankSA’s Salary Continuance (Temporary Disablement) policy, an income protection-style policy which is paid for by BankSA.

Need some time off work?

BankSA provides a range of flexible leave options, which include:

  • Access to thirteen weeks paid parental leave
  • Entitlement to unpaid parental leave
  • Flexibility in allowing staff to take parental leave in separate blocks over a two-year period
  • Opportunity for staff to acquire up to an additional 6 weeks leave to cover for childcare in school holidays, travel, study etc
  • Entitlement to 12 days personal/carer’s leave each year
  • Access to study leave
  • Option to apply for volunteer leave to help the wider community and environment
  • Opportunity to take career breaks by structuring your salary so you can work for four years and take the fifth year off with an income

Conditions apply to some of these benefits.

Your Wellbeing

Keep fit and healthy

For staff looking to get fit, and have a healthy lifestyle, BankSA has a gym in Adelaide. Our Lifestyle Program also includes gym membership discounts, and tools to help with weight loss and wellbeing.

Flexible work to suit your lifestyle

If you’re interested in changing your hours of work, or entering a job share arrangement - where possible, arrangements may be able to be made to suit you and BankSA.

Staff over 55 years of age are particularly encouraged to consider flexible working hours where it will enable them to extend their career with BankSA and meet their changing lifestyle needs.

Help the environment and community!

We encourage our staff to be environmentally friendly by offering staff interest free loans on green purchases such as rainwater tanks, energy and water efficient appliances and solar hot water systems for their homes.

We also promote staff involvement in activities to help the community and environment by enabling them to take time off work to volunteer for a not-for-profit organisation of their choice.

Help with work or personal problems

If you are experiencing difficulties at home or work, confidential assistance and information is available to help you through our Employee Assistance Program.

Help planning for your future

Planning for your future is important, and when making decisions about salary packaging, superannuation or the purchase of financial products you should seek professional financial advice.

BankSA has a large network of qualified Financial Advisers who provide competitive rates for staff.

Conditions apply to some of these benefits.

Your Success

BankSA helps staff to take control and manage their career decisions with a sophisticated, award-winning online learning website where face-to-face workshops, self-study modules and self-paced e-learning programs are delivered to your work or home PC.

Applying for another BankSA job

Vacant positions are advertised internally to provide you with career opportunities within BankSA and the broader Westpac Group.

Work-related study

Our Education Assistance Scheme can provide financial help with tuition costs, registration fees or HECS, and can also provide paid study leave.

Conditions apply to some of these benefits.