October 2020 ‘Tis the season to connect Staying close even when distanced qudosbank.com.au MyQ October 2 Catch up with Michael Anastasi MICHAEL ANASTASI CEO As we approach the last couple of months of 2020, it’s usually a time we like to reflect on the year that was and welcome in the new year ahead. It’s safe to say that we have all experienced a year like no other, with the pandemic changing most parts of our lives. Adapting to change has become somewhat more frequent and learning to make the most of what we have while introducing new approaches to daily life has been an adjustment. I would like to take this opportunity to thank all our employees at Qudos Bank, their hard work and support during these uncertain times has been truly outstanding and very much appreciated. It makes me proud that all our employees live by the Qudos Bank values and with this philosophy, it allows us to give the highest level of service and support to our customers. MyQ October 3 Support, when you need it “I would like to thank all customers for your ongoing During this pandemic, it has given us an opportunity to further extend our support to our customers support and loyalty” through educational resources. This year we introduced the Fraud Hub on our website where you can find more information on staying safe from scams and financial fraud, we recently launched our AGM Virtual Event Money Moments series where experts from Qudos Bank share insights and tips about your financial Last year we live streamed our Annual General future, whether that be buying your first home or Meeting for the first time to allow greater taking the next step in your career and we continue participation from Members right around Australia, putting out informative articles on our blog and this year we will be taking it to a new level. Due to helpful content in each MyQ Edition. restrictions still in place and for the safety of our employees and members, the decision was made to host our AGM as a Virtual Event. You can find out Technology improvements more about the event and relevant details here. The digital world has become a prominent part of our daily lives, with having to adapt to new Thank-Q technologies and ways of communicating at work and with loved ones. Along with embracing new I would like to thank all customers for your ongoing technologies, our teams are constantly working support and loyalty, especially during unprecedented on improvements to ensure ease of banking for times. I wish everyone good health and wellbeing customers. In this issue, our CIO David Bridges over the festive season, may we all find joy and addresses some helpful tips to connect with your happiness in reconnecting with loved ones. We look friends and family over the festive season and new forward to continuing to provide high quality banking updates and improvements to our Mobile App. and outstanding service to you in the year ahead. MyQ October 4 Tech talk with Dave DAVID BRIDGES CHIEF INFORMATION OFFICER Staying connected during “In a world recovering from the festive season lock-down and restrictions, With the festive season upon us, many of us will Christmas this year may be beginning to plan catch ups with our friends and family, but the big question is how will we catch up? look a little different to what we are used to” In a world recovering from lock-down and restrictions, Christmas this year may look a little different to what we are used to. Video calls and Whilst most of these applications are compatible face time have quickly become our normal mode on computers and most mobile devices, their of communication, and while they don’t provide functionalities can range from being able to house the same connection as real-life interaction, 4 – 32 participants. In addition to making video calls, they’re the next best option. some of these applications allow you to also send photos, videos and files, making it easy to share those We are lucky to live in such a digitally connected Christmas photos. I encourage you to use trusted world, giving us the ability to connect with others websites and apps and to find out more information by just using our phone or computer. before using a service. There are many free applications to help you If you’ve never used video calling applications stay connected over Christmas such as, Facebook before, the BBC have created a helpful guide about Messenger, WhatsApp, Skype & Google Hangouts. making video calls on different phones and devices. MyQ October 5 Our Mobile App keeps getting better We continue to work on enhancements and updates to ensure our Mobile Banking App meets your banking needs. After receiving many requests, we are happy to announce the latest update of the Qudos Bank Mobile App includes the ability to register for and view eStatements direct from the App. Our recent update also includes enhancements to the Look Who’s Charging service and the ability to update your contact and address details within the App. The Look Who’s Charging service displays merchant logos and trading names directly on your transaction feed, making it even easier to identify transactions. You can also continue to click on the transaction for a more detailed description. A quick reminder to take advantage of the App update, we recommend that you update your device software to meet the minimum operating requirements. To ensure compatibility, please check that your device meets the latest operating systems which includes iOS 11.0+ and Android 6.0+. For FAQs and to find out more about Have you registered for Online Banking? our Mobile Banking App visit qudosbank.com.au/QudosBankingApp With Qudos Bank Online Banking, you can safely and easily manage your day-to-day banking needs online. Whether you’re home or abroad, enjoy access to your accounts 24/7 using whichever device you prefer. Click here for more information MyQ October 6 Moir for your money ANTHONY MOIR TREASURER Top tips for saving and spending smart this Christmas As we approach the holiday season, it’s a great time to take stock of your circumstances and consider how you can make smart savings decisions to lighten the strain, particularly this year with many impacted by the ongoing effects of COVID-19. 1. Try virtual gifts Although we’re spending more time online at the moment, this doesn’t mean we have to spend more money. A great way to save money on presents this year and to make sure that you are giving something that the recipient will love is to purchase virtual gifts e.g. vouchers, interactive experience or online entertainment. By allowing the recipient to choose what they actually want, you’ll never get it wrong. The great thing about gift cards is that they now come with a 3-year expiry date, so there is no pressure to make a decision on what to spend it on. A subscription to a streaming service (think Spotify and Disney+), online editing courses for the budding photographer, or digital subscriptions for the kindle lover are great ways to keep costs to a minimum. The benefit of going virtual means no money spent on postage, a reduced carbon footprint, and more money in your pocket. MyQ October 7 “One of the smartest savings hacks is to be prepared and shop with purpose” 2. Be prepared this November with Black Friday and Cyber Monday One of the smartest savings hacks is to be prepared and shop with purpose. Planning ahead and knowing what you want to buy means you’re far more likely to get a great gift, even for those who are hard to buy for. Black Friday is just around the corner, so make that list and check it twice. With a plan of attack, you’re less likely to make impulse purchases and more likely to choose presents that people will love. Getting organised for Black Friday and Cyber Monday also means that you can get in early to do your Christmas shopping – avoiding last minute panic buys. In 2019, Australian’s spent almost $4 billion, with an average saving of 30% across the board. Most major retailers and e-commerce stores offer heavily discounted prices across their range - from electronics and fashion through to virtual gifts. 4. See the sights and enjoy delights... locally 3. Try ‘Kris Kringle’, instead of buying You may be looking forward to reconnecting for everyone with relatives, continuing a family tradition or starting a new one. If you traditionally buy presents for multiple people and are worried about the costs mounting In previous years, this may have involved some up, introducing the classic Kris Kringle gift element of travel, however we are made limited this exchange can be a great option to keep your year with border closures and travel restrictions. finances in check. Get more mileage from your money this holiday Talk to your friends and family about buying season by staying closer to home. A rural for just the one person this Christmas rather adventure can be a great alternative to the than several. overseas holiday and a great opportunity to see more of our beautiful country and its incredible You may find that other people are in the same wildlife. And, if you have accumulated Qantas boat and welcome the reduction in cost and Points over the year, using your Points on stress of buying multiple presents. Stick to an accommodation could be another way to help agreed price limit and have fun with it.