Thanks for joining us on the Transformer Journey!

Together, we will transform from PNG's leading lender to leading niche commercial bank.

You have already taken the first steps: Opening your Staff Transaction and Term Deposit Accounts.

Now it’s time to REGISTER FOR INTERNET BANKING and become a Transformer Pilot Tester to help us build the best banking experience possible at launch.

How are we going to execute our strategy to become a niche commercial bank?

Our strategy is executed through the vehicle Project Transformer.

It encompasses a range of activities, such as implementing a new core banking system, introducing new banking products, updating existing and new processes, new branding for the bank and upgrading our existing branches.

It also includes YOU testing these activities and providing feedback about their functionality and ease-of-use.

Register now for Internet Banking.

Conveniently access all your account information online 24/7 and identify areas of improvement, and excellence, across your user experience.

A laptop showing a CreditBank internet banking window open on the screen

How do I register for Internet Banking?

CreditBank PNG Visa Debit card.

You should have received your card at account opening. Remember it’s safer than using cash, more convenient and accepted wherever Visa is accepted.

How do I activate my card?

Once you have registered for Internet Banking:

  1. Log into your Internet Banking Account
  2. On the Menu select Cards
  3. Click Quick Actions
  4. Select Set/Change PIN
  5. Create your 4 digit PIN
  6. Enter one time password (OTP) sent through to your mobile number, email address or WhatsApp number
  7. A success message will appear

A K500 Thank-You.

To show our appreciation to you for opening a Staff Transaction Account and becoming a Transformer Pilot Tester, we will deposit K500* into your Term Deposit Account.

* Available to staff that are on Credit Corporation payroll before 31st December 2023, and who have nominated their Transaction Account as their primary salary account.

What is a Term Deposit Account?

A Term Deposit Account is an interest-bearing account in which money is placed on Deposit for a specified length of time (Term).

The account earns interest specified at the time of account opening. All interest accrued in the account also earns interest. This is called compounded interest.

Feedback.

You will receive emails requesting feedback as new functionality is added to the platform.

Please be sure to complete the requested banking activity and complete the brief survey.

Report any issues immediately by emailing [email protected] or calling +675 308 5500.

Why is it important for ME to be a Pilot Tester and provide feedback?

We are all in this together. Testing provides real-time feedback for product and platform improvements before launch.

When Credit Corporation succeeds, we all do.

Growing together.

The benefit of becoming a more diversified organization is financial growth: for you, for Credit Corporation and for our customers.

See what that growth can look like.

Welcome brochure.

Get an in-depth understanding of our product’s features and benefits.

Project Transformer FAQs.

Business strategy

Why are we shifting from lending to banking?

We believe there is an opportunity to grow with our customers by providing the banking services they need to run their businesses and lives. Research revealed customers are frustrated with current banking relationships and are looking for a new bank that offers superior customer service.

What is our vision?

Our vision is to create the best digital-first bank with 24/7 online and mobile reliability, fee transparency and human assistance when needed with Relationship Officers for high-value accounts and Customer Service Officers for all other accounts.

What is our transformation objective?

Become a niche commercial bank serving four segments: Commercial, SME, High Net Worth Individuals and Emerging Affluent. Create an asset light bank, with limited branches in key geographies within PNG, leveraging ATMs of other banks, providing online, mobile banking and teller-less branches for transactional services, and relationship options for face-to-face experiences.

How are we going to execute our strategy to become a niche commercial bank?

Our strategy is executed through the vehicle Project Transformer.

 It encompasses a range of activities, such as implementing a new core banking system, introducing new banking products, updating existing and new processes, new branding for the bank and upgrading our existing branches.

How are we implementing Project Transformer?

Our Project Transformer implementation plan has three key phases which are.

  • Phase 1a Staff Launch
  • Phase 1b Existing Customer Launch
  • Phase 2 Lending Products Launch
  • Phase 3 Foreign Exchange products and EFTPOS

Timeframes will be communicated in due course.

Products and services

What products will we offer in Phase 1a?

Our product strategy is to start with the basics. Transaction, Savings, Term Deposits Accounts, Internet Banking and Visa Debit card.

However, these products WILL NOT BE INTRODUCED and launched to our existing customers until they are fully tested, and we are confident that at launch everything works according to plan. That’s where you come in.

What is a Transaction Account?

An account perfect for everyday spending with no minimum balance requirement and a Visa Debit card to give you access to your money anytime, anywhere. (See full Features and Benefits in the Welcome Brochure).

How do I get a CreditBank PNG Visa Debit card?

You should have gotten your card upon account opening. Once you have registered for Internet Banking you can go online and activate your card and create the PIN.

How do I activate my card?

Once you have registered for Internet Banking:

  1. Log into your Internet Banking Account
  2. On the Menu select Cards
  3. Click Quick Actions
  4. Select Set/Change PIN
  5. Create your 4 digit PIN
  6. Enter one time password (OTP) sent through to your mobile number, email address or WhatsApp number
  7. A success message will appear
What is a Term Deposit Account?

A Term Deposit Account is an interest-bearing account in which money is placed on Deposit for a specified length of time (Term).

The account earns interest specified at the time of account opening. All interest accrued in the account also earns interest. This is called compounded interest.

How do I use my CreditBank PNG Visa Debit card?

You can use your CreditBank PNG Visa Debit card anywhere Visa is accepted. Present your card at the time of payment. The merchant will give you a receipt to sign, and the amount of the purchase will automatically be deducted from your Transaction Account.

Where can I use my card to get cash?

You get free ATM access at other banks’ ATMs throughout PNG.

What do I do if I lose my Visa Debit card?

You can log into Internet Banking and stop your debit card, or you can call our Contact Centre on +675 308 5500.

What is a Savings Account?

An account ideal for staff who are planning to maintain higher balances, maximise earnings and earn interest. Free transfers make it easy to start saving for your goals. You can open one online as well. (See full Features and Benefits in the Welcome Brochure).

Staff Pilot Phase 1a

What is Staff Pilot Phase 1a

It is a way for us to see if our transaction products, Internet Banking, debit card and account opening process are working properly and if the customer experience works seamlessly. It is a way of getting insights into what is working and what is not while keeping the good and the bad in the Credit Corporation family.

What is a Pilot Tester?

A staff member who opens a Transaction Account, uses our banking system and reports on their experience.

Why is it important for ME to be a Pilot Tester?

We are all in this together. Testing provides real-time feedback for product and platform improvements before launch.

When Credit Corporation succeeds, we all do.

How do I become a Pilot Tester?

Go to one of our branches and open Staff Transaction and Term Deposit Accounts if you have not already done so.

 You will need to bring the following documents to verify your identity:

  • Employee photographic ID, and
  • Employee confirmation letter

Or, the following documents

  • Valid passport or valid driver’s license, and
  • Proof of address (copy of lease agreement or employee confirmation letter)

A Customer Service Officer (CSO) will proceed to open a Staff Transaction Account and provide you with your Customer Identification Number and Account Number.

The CSO will ask you to nominate your Transaction Account as your primary salary account.

Note: Salary will not be directly deposited until January 2024.

The CSO will proceed with issuing you a Visa Debit card, and will open a Term Deposit Account for you.

Then you can proceed to self-register for Internet Banking.

What is Internet Banking?

CreditBank PNG internet banking will give you 24/7 access to your account.

When we launch, you will be able to bank online from a computer, tablet or smartphone.

How do I register for Internet Banking?
  • Click on any of the Internet Banking buttons on this page
  • On the Internet Banking homepage click on Self Register
  • Enter your Customer Identification Number or Account number and date of birth
  • Tick the Terms and Conditions box to confirm you agree with the Terms and Conditions
  • Create Username and Password
  • A one time password (OTP) will be sent through to your mobile number, email address or WhatsApp number
  • Enter the OTP to confirm your new log in credentials
  • Once registration is confirmed you can log in with your new Username and Password
  • Once you have registered for Internet Banking, you can go in and activate your Visa Debit card and create a new PIN

We will want to hear about your REGISTRATION EXPERIENCE.

Once I am registered, what should I be testing?

Please complete a series of savings and payment activities beginning with these:

  • Transfer funds between your CreditBank PNG accounts
  • Transfer funds to other CreditBank PNG accounts
  • Transfer funds to other banks’ accounts
  • Create Visa Debit card PIN and activate your card
  • Use your CreditBank PNG Debit Visa card to make purchases instore and online
  • Use your CreditBank PNG Visa Debit card to withdraw cash from any ATM in PNG and overseas

We will want to hear about your experience executing each of these activities.

Feedback

How do I provide feedback?

You will receive emails that prompt you to test current and new product implementations. The first activities on your to-do list are listed above.

You will be prompted regularly for feedback via a survey. This feedback will be used to implement improvements.

What will the Subject of the feedback email be?

TRANSFORMER PILOT FEEDBACK REQUESTED. Please check your inbox frequently for these emails.

Perks of Pilot Testing

Will Testers be compensated?

We understand everyone is busy and we are very respectful of your time.

So, to THANK YOU we will deposit K500 into your Term Deposit Account as a token of our appreciation.

What is the term of my Term Deposit Account?

The term is 12 months, and the interest is 4% per annum.

Will I be able to open any other accounts?

Yes. In Phase 1a you can open other Transaction Accounts, as well as Savings Accounts and of course Term Deposit Accounts. (See the Welcome Brochure for product details).