Coastline’s Budget Wise Account is designed take the stress out of paying bills. It spreads your bill payments out evenly throughout the year, ensuring your bills are taken care of when they arrive.

Follow our step-by-step guide to get started.

1. Open Your Budget Wise Account

You can open an account online, over the phone, or by visiting a Coastline branch.

We'll ask you for some personal details and to agree to the terms and conditions.

2. Nominate your bills

Nominate the bills you want to pay using your Budget Wise Account.

You can nominate almost any bill, including loan repayments, insurance premiums, council rates, utility bills, and school fees.

3. We'll calculate your regular deposit

We calculate the total amount of your nominated bills and add a 10% safety margin. This covers any unexpected changes in variable bills, like an electricity bill in winter.

This total is then divided by the number of paydays you have in a year. Budget Wise will work out how much you need to contribute each payday to get your regular deposit amount.

For example:

• If your total nominated bills + 10% margin is $4,500.
• And you’re paid monthly: $4,500 / 12 months.
• Your regular deposit amount is $375 per month.

4: Create your 12-month Deposit Agreement

Like all agreements, you’ll need to read this before signing.

To give you an overview, you'll agree to make payments into your Budget Wise Account, and Coastline will agree to pay your nominated bills on time, using the funds in your Budget Wise Account.

The agreement will also include:

• your nominated bills
• your regular payment amount
• the total amount to be deposited
• a nominated savings account to transfer any leftover funds—at the end of the 12-month agreement.

5. Activate your Budget Wise Account

Activate your account by making your first regular deposit.

Scheduled transfers

Never miss a payment and reduce the temptation to spend by setting up a scheduled transfer.

A scheduled transfer automatically transfers your regular deposit into your Budget Wise account each payday. You can set up or stop a transfer anytime in internet banking.

6. Submit your bills

Present your bills to Coastline at least 7 days before their due dates.

Bills can be presented in person at a branch or emailed to mail@coastline.com.au

Coastline will pay your bills directly from your Budget Wise Account, ensuring they are paid on time.

7. Adjust if needed

If your bills change or you need to update your payment amounts, contact us to make changes.

Tips for getting the most out of your Budget Wise Account

See when bills are paid at any time

Log in to internet banking to keep track of your Budget Wise Account.

Boost your savings

At the end of the 12 months, we'll transfer whatever is left in the account to your nominated bank account - a fantastic way to boost your savings.

Don't forget to enjoy the benefits

With all your bills paid on time, you can avoid late fees and potential penalties while benefiting from any discounts for timely payments. You'll also enjoy the peace of mind that comes with knowing that your budget is under control.

Ready to open a Budget Wise account?

Open a Budget Wise Account online.

For more information, call us on 1300 36 1066 or pop into your local branch.