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Hardship support

If you’re a Bank Australia customer experiencing financial difficulty, we can help you figure out what to do.

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Ways we could help

If you're experiencing difficulty in meeting your loan or credit card repayments we encourage you to reach out to us early so we can help find the right solution for your circumstance. We’re here for you, no judgement, and will treat your request with confidentiality and respect.

To discuss ways to catch up on missed or late payments contact our Customer Support team to discuss a tailored arrangement by calling 132 888 or emailing CustomerSupport@bankaust.com.au.

Some examples of financial hardship assistance options are:

  • Lower repayments and extend the term of your loan
  • Pause repayments until you’re able to pay them again 

Reasons people ask for help

There are many reasons why you may find it difficult to meet your loan repayments, including:

  • Illness
  • Loss of a job
  • Relationship break down
  • Death in the family
  • Natural disaster
  • And many more
When to ask for help
If you think you need help, tell us straight away. That way we can help you make a plan to get things moving in a more manageable direction. 

How to ask for help

Your first step is to apply for hardship assistance so we can better understand your situation. You can do this in person by:

Or, you can fill out our hardship assistance form and email or send it back – our details are on the last page. The form will ask you about:

  • Employment and income
  • Financial details like assets, liabilities and expenses
  • Why you want to apply for support

What happens next?

Once we hear from you, we will get back to you within 21 days. We’ll either approve/decline your request or ask to see some supporting documentation. 

Consider independent financial advice

Everyone deserves to feel on top of their money, and independent advice about your personal financial situation is a useful place to start.

Financial counsellors are non-judgmental, qualified professionals who provide information, support and advocacy to people in financial difficulty.

Some of the ways financial counsellors can help:

  • Advocate and negotiate with creditors or other organisations on your behalf
  • Help you prioritise debts
  • Understand other factors affecting your situation and provide relevant support options
  • Help you develop a money plan
  • Explain the debt recovery process and help you take appropriate action
  • Provide useful information about your rights
  • Identify if you need referral for legal advice or other services

Free, independent financial counselling

National Debt Help (ndh.org.au) or by calling 1800 007 007.

Small Business Debt Helpline (sbdh.org.au) email: infor@sbdh.org.au or by calling 1800 413 828.

Hardship and your credit report

Credit reporting of financial hardship helps to protecting your credit report in times of financial hardship. If we have agreed to financial hardship assistance and you have met the terms of the arrangement, your credit report will show that you have made your repayments on time.

For more information on the reform and ways to protect your credit report visit the Credit Smart website.

Helpful fact sheets

More links and information

Bank Australia subscribe to the Code of Operation that has been endorsed by the Australian Banking Association (ABA) and the Customer Owned Banking Association (COBA). The code is aimed to safeguard sufficient income of customers in receipt of Services Australia support payments or Department of Veterans Affairs’ payments in the event an account becomes overdrawn. We recognise that customers who receive such payments are entitled to retain at least 90% of their payment should their account become overdrawn.  We encourage customers who may be experiencing financial hardship to contact our Customer Support Team on 132 888 or customersupport@bankaust.com.au.

How to contact us

Send us a secure message in the app or internet banking


Or call us


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