Review of Bendigo Bank mobile phone plans


The SIM-only mobile phone plan market has exploded with competition in recent years. Every telco is trying to get on board, and the race is on to see which provider can offer the best value. No longer are people tied up with limited choice – there’s likely something out there at a nice price that fits your needs perfectly.

One such player to enter the game recently is Bendigo Bank. You might think it weird seeing a bank offer mobile phone plans, but we assure you they are the real deal. Bendigo Bank Telco provides a range of competitive postpaid mobile plans that could be worth looking into for your next plan. Could Bendigo Bank be the next provider for you? See how they stack up in this review by Canstar Blue.

What phone plans does Bendigo Bank offer?

Founded in the Gold Rush era over 150 years ago, Bendigo Bank has entered into the mobile service provider market in the last few years. Because, well, why not? Bendigo Bank offers four BYO postpaid mobile phone plans on the 4G Optus Mobile Network, so you know you’re getting very good coverage. Here’s a rundown of those plans:


Plan features

Price per Month

4G Extra Lite Unlimited texts, 200 call minutes, 1GB data $19.95
4G Lite Unlimited talk and text, 2GB data, $50 international calls $29.95
4G Medium Unlimited talk and text, 5GB data, $300 international calls $39.95
4G Large Unlimited talk and text, 10GB data, $500 international calls $59.95

4G Extra Lite

This plan, although dubbed ‘extra lite’ certainly packs a lot in for less than $20 a month. The unlimited text feature is a great addition. This could suit those who are not necessarily using their phone to talk to anyone. Do you have a teenager in the house? They’ll text up a storm, but you’ll never see them actually press the phone to their ear. This could be the plan for them, and it won’t break the bank.

4G Lite

An extra $10 a month will see Bendigo Bank doubling down on data, and open up unlimited calls. For less than $30 a month, this is a good plan for those who love a good chat and need some data for that dreary commute. Plus, $50 of international calling is handy if you need to get in touch with that Russian beauty you met while on your European Contiki tour.

4G Medium

Another extra $10 a month will see your data wings spread as you take flight. This plan contains 5GB of data, which is a hefty amount – good enough for some streaming, videos and gaming. This is for the type of person that’s always on the move and whose phone battery runs out by midday – at least your data limit won’t let you down. You get the usual unlimited talk and text feature, as well as $300 worth of international calls. If that Russian flame is turning into something more serious, then this could be the plan for you. In addition, you also get $5 off your plan for the first six months – so, for $34.95, you get a great value plan with some generous inclusions.

4G Large

The data lords are loosening their belts and letting the data inclusions expand on this one. For $59.95 a month, you get a massive 10GB of 4G data bliss. You also get unlimited talk and text, as well as $500 of international calls. Plus, for the first six months, you’ll get $10 off the plan each month. This brings your plan down to less than $50, and at this rate, it packs even more of a punch.

In addition to its range of SIM-only postpaid plans, Bendigo Bank Telco also offers handset plans if you’d like to get your hands on one of the latest models. You’ll first need to select your phone of choice before reviewing the plan inclusions. Contract phone plan like these are usually reserved for the big telcos such as Telstra and Optus, so time will tell how Bendigo goes in this regard.

How does Bendigo Bank compare to other providers?

Bendigo Bank’s four SIM-only postpaid plans are a concise platter with a healthy dose of data, but how do they really stack up? In a saturated market, it can be hard to stand out from the crowd. Let’s see how well this bank turned telco compares to other mobile carriers.

4G Extra Lite plan compared

At this end of the market, it’s hard to find a telco that offers unlimited calls and texts. While Bendigo Bank offers the latter, its 200 minutes of calls fall short against some of the competition. Here, Bendigo Bank competes with the likes of Vaya, Dodo and Jeenee. Vaya looks to be the overall winner here, but between the other three it’s relatively ‘tit for tat’ in regards to inclusions. It should also be noted that many providers in this price range charge a setup fee, but Bendigo Bank does not.

4G Lite plan compared

As we move up a price bracket, the competition becomes fiercer, and data inclusions start to increase rapidly. Here, Bendigo Bank is competing against the likes of Telechoice, Amaysim and Exetel. Again, Bendigo Bank loses out to the competition in the data department. The providers here are frequently offering 1GB more data. However, it should be noted that Telechoice’s 500MB bonus is only available on a 12 month contract. In this price range, look out for bonus offers that could catch you out.

4G Medium plan compared

Sliding into goal in the $40 price range, Bendigo Bank has upped the ante with 5GB of data. However, if this plan was on the basketball team, it’d be getting picked last, as the more athletic teammates – Vaya, Dodo and Amaysim – simply offer more inclusions. However, it should be noted that Dodo’s plan is for a 12 month contract, whereas the others are month-to-month. Bendigo Bank may also tickle your fancy here with $300 of included international calls.

4G Large plan compared

In this price range, you can pretty much expect that you will receive at least 10GB as part of your plan. This is the minimum the carriers can offer to compete. A new player comes into contention here, Virgin Mobile. Ordinarily, Virgin would include 4GB of data, but the 6GB bonus props it up. Other familiar faces – Jeenee and Dodo – are also in the race here. The latter has a $24.90 setup fee, so Bendigo Bank slots into second place behind Jeenee. Then, when you include the $10 discount, Bendigo Bank becomes very competitive. The main message here is that bonuses can make or break a plan for you.

Is a Bendigo Bank mobile plan right for me?

Since its inception, Bendigo Bank Telco has offered competitive plans in an increasingly saturated market of postpaid, no-contract mobile plans. However, as consumers become increasingly hungry for more data, telcos are offering evermore data to try and entice you over. As such, Bendigo Bank falls by the wayside a bit here – especially in the lower price ranges. Competitors are offering more data for the same money, however, Bendigo Bank holds its own with international call inclusions and no contracts or gimmicky bonuses.

Could you find a cheaper plan than those offered by Bendigo Bank? Yes, certainly. But sometimes it pays to go with the guy throwing straight arrows. With Bendigo Bank, it seems a case of what you see is what you get.

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