FAQs - General

Our BSB (Branch) number is 704942

This BSB number can only be used within Australia for electronic transfers that debit or credit your LLL account. Contact the LLL if you wish to deposit funds into your account at a bank branch.

Along with our BSB you will need to quote the LLL account number (eg. 123456) and the account name (eg. J Smith).

We do not charge any fees:

• No account keeping or government fees
• No fees for electronic transfers
• No internet access or transaction fees
• No fees for LLL cheques.

We offer an attractive 'at call' interest rate of 4.75% p.a

• interest is calculated on daily balances
• interest is added to accounts on May 31st annually
• your money is always available 'at call'
• no account keeping fees
• no cheque fees

Just like any interest that you earn you may be required to declare this amount for tax and Centrelink purposes.

A non interest bearing account is one that earns no interest. Therefore no interest needs to be declared. You only need to declare interest that has been credited to your account.

For a child under 16 years the Signatory should select either the Child's details or the Signatory's details below. You should make the selection according to whose money it is (Tax Ruling IT2486).

• Claiming an exemption for the child (if they are under 16) will only apply if they earn income below their taxable income threshold
• If you quote your own tax file number below you become responsible for the interest earned on the account and may need to report it as taxable income.

To leave a legacy, bequest or gift to the LLL the following wording can be used in your Will:

I give to The Lutheran Laypeople's League of Australia Inc., of 175 Archer Street, North Adelaide, South Australia,_______________(here insert your gift amount #) to be used by the League in support of the mission and ministry of the Lutheran Church of Australia.

Should you elect to support a particular LLL Permanent Fund, then add the following to the above wording.
through the _______________(insert the name of the specific permanent fund/s *) Permanent Fund of the League.

# This can either be an amount of money, a percentage or portion of your estate, a property or some other specific items.

*If you choose not to nominate a specific LLL Permanent Fund, you need not include this portion.

Matching deposits are unique to the LLL. They are a way for you to ensure that your LLL deposit account helps support a particular project of the Lutheran Church of Australia, be that a congregation, school or care organisation etc. By supporting your project in this way you are not affecting the status of your account, your funds are still secure and available "at call". You can continue to make deposits and withdrawals as normal.

You advise us which project you wish to support and we will note that against your account. Your funds will then become matching deposits for that project.

Approved projects can borrow funds from the LLL for the equivalent amount of total matching deposits for that project. Loans have a low interest rate of 5% p.a. with no application fees nor any ongoing fees. When compared with the interest rates and fees imposed by commercial financial institutions, you can see your support will result in significant savings to the project.

At any time your matching deposit instruction can be changed to support another project and/or multiple projects, simply by writing to the LLL.

Yes providing they can be sent via electronic transfer, any payments like these may be directly deposited to your account by providing our BSB (Bank State Branch) Number 704942 to the payer, together with your LLL account number (eg. 123456)

Utilising the BPAY® facility in LLL@Home you can pay this account.

LLL accounts do not have personal chequebooks. However you can request cheque's made out to yourself or a third party, which will be forwarded to you.

No, they are not bank cheques. LLL cheques are classified like any normal personal cheque. In special circumstances we can organise bank cheques through ANZ bank on request. They do charge for this service, and this charge must be passed on to the customer.

All transactions are actioned by us and returned the same day that we receive them. Therefore you need to allow for the normal postal time between your state and Adelaide.

Regular Electronic Giving - A new way to give

Traditionally, members support the work of the congregation and the wider work of the Church through their regular offering at worship services.

Many people today have their wage, salary or other benefits paid direct into their bank account. Electronic banking, bill paying and EFTPOS are facilities that people are using more and more.

Congregations can now offer members the opportunity to make their regular contributions to the work of the congregation and the wider Church electronically through automatic transfer of money from their LLL account or an account with another financial institution, to their congregational LLL account. This facility is operated by the Lutheran Laypeople's League (LLL).

For more information on REG click here.