A world-first banking service for consumers, act. allows customers to give to a range of worthy causes through the linked crowdfunding platform letsact.com.au, simply by conducting their everyday banking.
Under the initiative, act. allocates ‘impact dollars’ – real dollars taken from the profit it earns – to each act. customer to donate to the community project of their choice. Customers choose where their donations go, how much and how often.
An online and telephone banking service, act. offers seven products including transaction accounts, savings accounts, credit cards, personal loans and home loans, all issued by Bendigo Bank. The accounts generate the standard interest applied to other banking products.
The amount of impact dollars a customer generates will depend on their banking habits. For example, a customer who holds a $250,000 mortgage with act. could generate $31 a month to reinvest in the social project of their choice.
The social projects cover areas such as animal welfare, support for people with illness and disabilities, the environment and community food programs.
Visit letsact.com.au or call 1300 ACT TODAY (1300 228 863) for details.