Company Information

Get to know Woolworths Team Bank

Originally established in 1971 as the Woolworths Employees' Credit Union (WECU), the institution has a long history of serving the financial needs of Woolworths employees. In 2021, WECU merged with Australian Mutual Bank Ltd and now operates as a dedicated division under the name Woolworths Team Bank. As a mutual bank, it is owned by its members rather than shareholders, with a mission to provide competitive banking products, including savings accounts, loans, and insurance, while returning profits to members through better rates and services.

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Financial BankingPRIMARY
Financial Other Service

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Woolworths Team Bank

Australia

Founded in

1971 (55 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.