FCCL -Some Important Point about This Broker

WikiFX | 2025-07-16 13:48

Abstract：FCCL is an Australian-based financial services company that offers services in personal loans, home loans, insurance, and travel services. Although the company used to have an investment advisory license issued by the Australian Securities and Investments Commission (ASIC), its regulatory status has been revoked.

FCCLReview Summary
Founded	/
Registered Country/Region	Australia
Regulation	ASIC (Revoked)
Services	Personal loans, home loans, insurance, travel services
Trading Platform	New Payments Platform
Customer Support	Web chat, 24/7 support
	Phone: +61 2 9735 9225
	Mail: PO Box 7501, Silverwater NSW 2128, Australia
	Address: 28-38 Powell Street, Homebush NSW 2140
	Social Media: Facebook, Twitter, YouTube, LinkedIn, Instagram

FCCL Information

FCCL is an Australian-based financial services company that offers services in personal loans, home loans, insurance, and travel services. Although the company used to have an investment advisory license issued by the Australian Securities and Investments Commission (ASIC), its regulatory status has been revoked.

Pros and Cons

Pros	Cons
Specialized banking services	Revoked license
Live chat support	Service fees charged
Six account types

Is FCCL Legit?

FCCL used to hold an investment advisory licence from the Australian Securities and Investments Commission (ASIC), but the company's regulatory status has been revoked. This means that its license to operate as an investment advisory firm in Australia has been terminated.

Regulated Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Australia Securities & Investment Commission	Revoked	FIREFIGHTERS & AFFILIATES CREDIT CO-OPERATIVE LIMITED	Investment Advisory License	000240898

Services

FCCL offers a range of financial services, including accounts, credit cards, personal loans, home loans, insurance, travel services, and a mobile wallet.

Services	Supported
Accounts	✔
Credit Card	✔
Personal Loans	✔
Home Loans	✔
Insurance	✔
Travel	✔
Mobile Wallet	✔

Account Types

FCCL offers six distinct account types: Everyday Direct Account, Term Deposit Account, Essential Saver Account, Mighty Saver Account, Pension Advantage Account, and Edvest Cash Management Account, each designed to cater to specific customer needs, such as fee-free transactions, guaranteed returns, youth savings, pensioner benefits, and flexible access to funds.

Account Type	Description	Key Features
Everyday Direct Account	An all-in-one bank account that provides flexibility, security, and hassle-free online transactions.	$0 Monthly account fees
		$0 Electronic transactions
		$0 Bank@Post transactions
		$0 Dishonours
		$0 Pay Anyone
Term Deposit Account	Take advantage of a guaranteed return on investment with our 3-36 months Term Deposits.¹	Terms from 3 to 36 months
		A guaranteed rate
		No account-keeping fee
		Receive a written notice before your deposit matures
Essential Saver Account	A straightforward way to earn a great variable savings rate every day with no tricky deposit or withdrawal conditions.¹ No hassle.	$0 monthly account fee
		No minimum balance requirements
		Open up to 9 accounts
		Easy access through internet banking and mobile app
Mighty Saver Account	Savings made simple for savers under 18 years of age at the time of account opening.	$0 access fee
		No minimum balance
		Certified responsible investment deposit product
Pension Advantage Account	Sensible savings for Australians receiving income from a government pension.	$0 access fee
		No minimum balance
		Avoid and minimize your fees
Edvest Cash Management Account	A classic savings account for those who want early access to their money.	No minimum balance
		Added benefits for Edvest members
		$30 p.a. Edvest Membership charge

Fees

FCCL does not charge everyday banking fee but charges other service fees.

Type	Fees
Cash Advances	$4.50
Telegraphic Transfer	$30
ATM Withdrawals Overseas	$4.50
Personal Loan Application Fee	$150

Trading Platform

FCCL supports transactions through the New Payments Platform.

Trading Platform	Supported	Available Devices	Suitable for
New Payments Platform	✔	Desktop, Mobile, Web	/

Deposit and Withdrawal

Firefighters Mutual Bank is launching PayTo, a new digital payments service that allows users to pre-authorize one-off or recurring near real-time payments from an eligible bank account to merchants, businesses, or institutions. Additionally, the bank offers access to other payment platforms such as Osko by BPAY and PayID, providing members with multiple options for convenient and efficient deposit and withdrawal services.