What does IFBT mean in ACCOUNTING


Industry Funds Banking Trust, or IFBT, is a comprehensive financial services provider that provides tailored banking solutions to individuals and businesses. Through its wide range of products and services, customers are able to benefit from the trust's secure and reliable banking services. This includes secured investments, wealth management, personal loans and more. With over 35 years of expertise in the industry, IFBT has become an established name Australia-wide for providing quality banking solutions.

IFBT

IFBT meaning in Accounting in Business

IFBT mostly used in an acronym Accounting in Category Business that means Industry Funds Banking Trust

Shorthand: IFBT,
Full Form: Industry Funds Banking Trust

For more information of "Industry Funds Banking Trust", see the section below.

» Business » Accounting

What is IFBT?

IFBT stands for Industry Funds Banking Trust and is a fully Australian-owned private limited company that holds an Australian Financial Services License (AFSL). This means it can provide financial advice as well as make appropriate product recommendations to their clients when addressing their individual needs. The trust currently holds over AUD$7 billion in assets under its portfolio, with over 50 000 customers across Australia benefiting from its managed funds. Moreover, all deposits by its customers are covered by the Australian Government's Deposit Guarantee Scheme which provides up to $250 000 per account holder insurance against any loss on deposits held at this banking trust. The trust prides itself on offering personalized advice matched with convenient digital platforms to make investing easy and accessible to all Australians. It also offers competitive interest rates across a wide range of products before providing tailored advice to meet individual needs through multiple channels such as video conferencing or phone meetings if required.

What Does IFBT Offer?

The main focus at Industry Funds Banking Trust is on financial advice, banking and investment solutions based on personal client needs. They provide specialist expertise in Superannuation Solutions including both public offer funds as well as SMSFs (Self-Managed Super Funds), Retirement Planning tailored for each stage of life cycle, Investment Strategies and Online Trading Platforms for whichever asset class desired such as stocks or property plus Cash Management Accounts and GICs (Guaranteed Investment Contracts) amongst other investment securities available locally or internationally. In addition, they offer multi-currency accounts linked to abroad bank accounts facilitating foreign clients with international payments in different currencies while keeping control of foreign exchange exposure through forward contracts securely online; Business Insurance coverage including group insurance plans; Home/ Personal loans; Credit cards amongst other banking services available 24/7 online or through their mobile app.

Essential Questions and Answers on Industry Funds Banking Trust in "BUSINESS»ACCOUNTING"

What is Industry Funds Banking Trust?

Industry Funds Banking Trust (IFBT) is a banking and investment services provider focused on offering financial products to Australians who have their super or pension with an industry super fund, or a coalition of funds. IFBT offers a variety of online, phone and face-to-face banking services including everyday transaction accounts, term deposits, home loans, and personal loans.

How do I join Industry Funds Banking Trust?

To become a member of IFBT you must first be eligible. Eligibility is based on having your superannuation or pension with one of the 315 industry (retail & corporate) funds that are part of the IFBT network. To apply for membership simply fill out the application form online at www.ifbt.com.au/join

Can I withdraw from my account with Industry Funds Banking Trust?

Yes, you can withdraw money from your account any time using Internet Banking or via our mobile app. Withdrawals can also be made over the phone by calling our Customer Service Team on 1800 383 737 during business hours.

Is Industry Funds Banking Trust Safe?

Absolutely! All IFBT accounts are protected by Australian Government Deposit Protection which guarantees all deposits up to $250k per depositor per institution in any one financial year are safe and secure — regardless of the size of the deposit held within your account(s). Additionally, all internet banking activity is secured with 2FA authentication process to ensure your security while transacting online

What products does Industry Funds Banking Trust offer?

At IFBT we offer everyday transaction accounts as well as term deposits, home loans, personal loans and other investments such as managed funds. For more information about our products please visit www.ifbt.com.au/products

How do I open an account with Industry Funds Banking Trust?

You can open an account in person at any one of our branches throughout Australia or alternatively open an account online at www.ifbt.com/open-account

Does Industry Funds Banking Trust have physical branches?

Yes we do! You can find details of our branches locations at www.ifbt.com/locations/. Alternatively you may contact us directly on 1800 383 737 to speak with one of friendly customer service representatives for assistance finding your nearest branch

Final Words:
Industry Funds Banking Trust is a trusted name among Australian financial institutions due to their extensive experience in the industry and commitment towards providing secure investment opportunities along with personalized customer service that makes the difference when taking important decisions regarding one's own finances. With access to state-of-the-art digital platforms and experienced advisers within reach at all times you can rest assured all your investments are safe and looked after properly giving you peace of mind knowing that your hard earned money is being handled properly via a trusted name in banking services.

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