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Disappointed.Mid North Coast, NSW
Useless.
10 days now since approval and still no movement from my account. What an absolute joke. Other super funds have now long since paid their numbers. Why are Rest members being made to suffer.
1 comment
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Kad
- 3 reviews
Upset customer
I’ve been with rest for about 17 years now. I applied for early release due to co vid and I updated all my details. They have now put a stop payment flag on my account and did not even tell me so here I am being told by the ato that I have been approved and rest want to hold me up and not bother to contact me and let me know my account was even flagged. Called the first time. Waited for over one hour, they confirmed details etc and said will lift flag by sending email through to appropriate department. Called back the following week. Nothing has been done so put another request now. Also filed a complaint via email.
1 comment
Lauren C.Rest Superannuation
Hello Kad,
Thank you for taking the time to leave a review and highlighting your experience to us.... Read more
We're sorry to learn our service has not met your expectations and that you have experienced a delay in processing of your early release of super application. As you can appreciate, we are currently experiencing high volumes of these applications and we are working on processing these as quickly as possible. We would like the opportunity to follow this matter up for you and as such, have sent you a direct message. Thanks, LaurenSimilar opinion? Write a review on ieatwords.com.au!
Brett S.Sydney, NSW
Terrible company.
I have been a member since 2005 and recently applied for covid 19 early release of super. REST receieved my approval on tuesday 21st. They are meant to pay out within 5 days. I rang and updated my phone numer on wednesday 22nd which put a flag on my account. It has now been almost 10 business days and balance has still not dropped and no movement on my withdrawal. I will be rolling out my balance once this is fixed.
1 comment
Mikaela L.Rest Superannuation
Hi Brett,
Thank you for reaching out to Rest. I am very sorry you have had this experience accessing your super. ... Read more
Please be assured that we want to get your payment to you quickly and we understand that you need these funds urgently. Unfortunately, there have been incidents of attempted fraud on Rest member accounts with these new payments. We have the additional manual checks in place to ensure we are paying the funds to the correct member. As such, members that may have recent updates made to their accounts, need to have their accounts reviewed to ensure it is indeed the member making the withdrawal. This does unfortunately increase the processing time by a few days to have the details confirmed by our security team. However, as this is a new type of withdrawal with processing run through the ATO, it is the safest way to ensure accounts are being managed correctly whilst at potential risk of fraud; especially at a time when people are most vulnerable. Thank you again for your patience and understanding while we work to get you your payment. Thanks, Mikaela.Similar opinion? Write a review on ieatwords.com.au!
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Monika W.Western Australia
Unexplained Overdue Covid Release
I have been a member since 2006
Up until now I have not had to manage my finances so have had no problem.
The ATO released my approval on the 21st. I received absolutely no recognition or notification from Rest to inform me of progress. 3 working days pass and I contact support to make sure everything is OK. I was told my application was received and to wait the 5 working days and 3 for bank processing. Due day came still no communication from Rest. I phoned and finally got through only to be told their automotive security system had flagged ...Read more
my account and to expect an extra 5 working days. I asked the reason for the flag and apparently they don't get that information from the system. I am still waiting and still not receiving updates from Rest. My messages on chat are now being ignored. Some even "read over 2 days ago but no response. After I eventually receive my payment I will be promptly changing funds. Shame on you rest! The ASIC letter for COVID19 clearly states communication to members should be proactive informative prompt and accurate. You have failed in all the above1 comment
Mikaela L.Rest Superannuation
Hi Monika,
Thank you for reaching out to Rest. I am very sorry for the delay in responding, as I am sure you can appreciate, our call centres are currently being inundated with a large volume of con... Read more
tact and we are doing our best to get to everyone as quickly as possible.Similar opinion? Write a review on ieatwords.com.au!
Deeply regretting to be a member of REST
Been part of Rest for 2 years. I had requested a reimbursement for the cancelled insurance premium costs that were deducted from my super account unknowingly for the past 2 years. So I contacted the customer care team through e-mail, live chat and online messaging service but no reply. Then, decided to call the service team several times via the phone and finally, after an hour and a half wait over the phone queue, I ended up being provided with a response "it'll take 24-48 hours" or "3-4 business days". Been following up with this for a week a...Read more
nd still be given the same response. Furthermore, no action has been taken till now. Also, forgot to mention that 'Rest didn't inform me that my insurance cover was cancelled' - heights of exceptional customer service. I am still wondering why Rest is hesitant in refunding and releasing my hard-earned money to me.1 comment
Mikaela L.Rest Superannuation
Hi Shamit,
Thank you for reaching out to Rest, I am sorry to hear you have had this experience. ... Read more
In regards to your insurance, previously it was mandated by government that super funds provide members with default insurance on an opt out basis. Rest does it's best to notify members of their insurance cover in the Rest Super Welcome Letter, the Rest Super insurance confirmation letter, the Product Disclosure Statement (PDS) and within their annual statements. I have sent you a private message to discuss this further with you. Thanks, Mikaela.Similar opinion? Write a review on ieatwords.com.au!
DilfoeGreater Melbourne (Metropolitan), VIC
Rest is the worst company on the planet
I have been with rest since i started in retail about 6 years ago. I havent needed to look at my super until now.
Due to covid-19 myself and many other people who have had the Misfortune of signing up to rest cant get access to their super.
I have rang rest now 5 times getting the same response everytime, and none of them give a total crap!!! No matter how hard your life is right now due to COVID-19
I along with Thousands of other people are not getting their super released from rest, they say its going to happen, but it is not!!!!
Everytim...Read more
e you call rest or make a complaint, they just come at you with an automated response ... EVERY. SINGLE. TIME that response is ‘this will take 5 then 10 then 15 then 20 days!!! Its god damn ridiculous rest!!! You should not be holding onto peoples supers in these hard times!!!!!!3 comments
Lauren C.Rest Superannuation
Hello Dilfoe,
Thanks for taking the time to leave a review and for highlighting your concerns to us.... Read more
Please accept our apologies for the delay in our response. As you can appreciate, we are currently experiencing high volumes across all contact channels and we are working on responding to all enquiries as quickly as possible. We're truly sorry to learn you are presently experiencing hardship due to current events and need to access some of your super. We appreciate that this must be a stressful time for you and your family. Provided all the information included with your Australian Taxation Office (ATO) application matches our records, please allow up to five business days for us to process your request and release your funds. If there are any discrepancies in the information between your ATO application and our records, please be advised our processing time may be extended up to 10 business days. We appreciate that you may have already received the above information in your previous interactions with us and as such, would encourage you to send us a direct message if you would like to discuss further. Please be assured that we want to get your payment to you quickly and we understand that our members need these funds urgently. Unfortunately, there have been incidents of attempted fraud on Rest member accounts with this new early release measure. As such, we have put additional manual checks in place to ensure we are paying the funds to the correct member. We will send you a further SMS once your funds have been released. Once your funds have been released by us, please then allow a further 1-3 business days for your funds to clear and appear as available funds in your nominated bank account. This time is determined by your chosen financial institution and is outside our control. If there is anything else we can help with, Dilfoe, please let us know. Thanks, LaurenIve now waited over 10 Business Days, and still not even text a from rest so your reply is invalid.
Same automated message i keep getting from you guys, i do not see my self getting my super any time soon, Extremely Disappointing.
Mikaela L.Rest Superannuation
Hi Dilfoe,
I am very sorry to hear that you have still not received your early release of super. This is certainly not the experience we would like our members to have. ... Read more
I can assure you our teams are working as quickly as possible to get through the large number of requests we have received. I have sent you a private message so we can discuss this further for you. Thanks, Mikaela.Similar opinion? Write a review on ieatwords.com.au!
JMarieSouth East Queensland, QLD
Thank you!
Received payment from Rest with no issues, yes it did take some time - approx 10 days from application. We need to appreciate the processing times from the ATO plus the high volume of requests. Application process was quick and easy, very thankful to have had access to this money, tax free direct to my account. Thank you Rest and ATO.
1 comment
Joshua C.Rest Superannuation
Hi JMarie,
Thank you for your kind words, I'm pleased to hear you have now received your payment. ... Read more
I hope this is able to help both you and your family in these difficult times. Thanks, Joshua.Similar opinion? Write a review on ieatwords.com.au!
justaguyGreater Melbourne (Inner), VIC
- 4 reviews
Delays delays delays
Reading these reviews I can understand why people are upset. I’ve been with Rest for 13 years and like many other people leaving reviews I am also experiencing a delay in releasing my funds due to COVID-19 financial hardship. I am a sole trader who has lost 100% of earnings 5 weeks ago and am still waiting for a backdated jobkeeper payment. I am in a desperate situation with rent arrears, bills to pay and no savings left. ATO approved the release of my Super funds on 22/04. ATO also clearly stated I would have these funds within 5 days which I ...Read more
was very happy about. I called Rest 4 days ago and they confirmed my details were correct and said the release of my funds was in it’s final stages however 10 days after the ATO approval I still don’t have my money. There has been no activity on my Rest super account (my balance is still the same), they haven’t contacted me by SMS, they are no longer answering the phone (today I was on hold for an hour and a half then got cut off), and they are not replying to my attempted communication via their online messaging service. Surely Rest should have developed a more efficient way to give people their money on time (within 5 days), for many people this is a much needed financial lifeline during uncertain and stressful times. Disappointed is an understatement.1 comment
Joshua C.Rest Superannuation
Hi Justaguy,
I'm sorry to hear you have not received your payment just yet. ... Read more
I can certainly understand your and many of our members frustration with not receiving their payment immediately during this difficult time. Please know that we want to complete these payments as quickly as possible. Unfortunately, due to past fraudulent attempts on Rest member accounts, we do have additional manual checks in place to ensure we are paying the funds to the correct member. I apologise that you have incurred a delay in your payment and any inconveniences as a result. Within the next few business days, you can expect to receive a call from us if there is anything, we need to confirm with you, and if not, we will be arranging your payment and confirming by SMS. If you have any concerns or don’t hear from us within the next few business days, please feel free to contact us again. My apologies for the difficulties in contacting us currently while we attempt to respond to all our members, thank you again for your patience and understanding. Thanks, Joshua.Similar opinion? Write a review on ieatwords.com.au!
LORRAINE L.Sydney, NSW
- 3 reviews
- 2 likes
20 years with rest, and i cant believe I'm regretting it
disappointed with the level of customer service, yes I understand you have high volumes and this would be stressing your team out to deal with each request, however, I am wondering why rest had not prepared themselves in advance knowing this was going to happen, you keep telling all your customers the same thing, and I'm pretty sure if you were in their shoes you would be the same.
I applied and got approved last week, I tried calling, emailing messaging, this is my last resort, I haven't been able to get through I have not received communication.
I have decided after the whole COVID 19 I will be taking my superannuation elsewhere, it just seems as though you could have handled this whole mess better.
3 comments
Joshua C.Rest Superannuation
Hi Lorraine,
I'm so sorry that you have not been able to get in touch with us.... Read more
As I'm sure you can imagine we and many funds have been inundated with members trying to get in contact over the past week. We are working to ensure everyone receives a response from us however this may take a little bit of time and not be same day responses currently. Typically, once the ATO have approved your request for Early release, Rest will receive the application the next day. After which we will begin processing your payment and the funds will then be released within 5 business days. However, please do allow 1-3 days after we have released the funds, for your bank to receive and deposit the funds into your account. You will also receive an SMS from Rest to the mobile number listed on your account confirming that your request has been received and is being processed. In some cases, however, if your account details differ from those of the ATO it can cause some delays. We do have in place several checks to ensure the safety and security of your account before any payment is released. If this occurs our team will review and perform further checks to ensure account security, they may need to contact you to discuss further but is not always required. We have prepared as best we can to ensure all members are able to receive their payments as quickly as possible. However, with a large member base of over 2 million members, unfortunately some delays have occurred, however the majority of payments have been processed in 5 business days of us having received the application from the ATO. My sincere apologies if this has led any distress. I assure you we are working to ensure all valid payments are made to our members as quickly as possible. I hope this helps clear up the process for you, my apologies for the long delay in responding to you today. Please take care in these difficult times. Thanks, Joshua.Hi Joshua
Thank you for your response, I am sure it cannot be easy from your end, just wondered if rest could have handled the situation at hand a little bit better, in saying that.... I was on hold... Read more
with REST last night for 1 hour, I don’t mind waiting because my objection was to try and find out if there has been a delay just so I could have peace mind in knowing what’s going on with my funds from your end.Lauren C.Rest Superannuation
Hello Lorraine,
We're sorry to learn you are continuing to experience difficulty reaching us via phone.... Read more
Please be assured we are working on responding to all enquiries as quickly as possible. We would like to follow this matter up further for you and as such, have sent you a direct message. Thanks, LaurenSimilar opinion? Write a review on ieatwords.com.au!
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KenjiDarwin, NT
- 2 reviews
Speechless about this company
Delaying release of approval claims and not being transparent in these much needed time is so unethical. Spoken, called, and written to Rest but to no avail. When you say "I can confirm" means you've actively checked and is certain, but instead you are just copy and pasting the same response to everyone. Yes you have a large number of claims but you are also saying you cannot handle a small percentage of your total members? Yes you have account security checks but what checks are you doing without liaising
with your members? I am done with Rest!
3 comments
Jessie H.Rest Superannuation
Hello Kenji,
Thank you for taking the time to leave a review.... Read more
I apologise that you are feeling this way with your experience, this is not what we want our members to go through at all. Unfortunately in the spirit of being transparent, I must say that though we do not intend to copy paste, when you say something enough I can understand it might seem that way. There are only so many ways we can express a similar sentiment without it looking as such. Most of the security checks can be done without liaising with a member, this is to reduce member stress and processing time; though if needed, we will get in touch to confirm some details. My apologies again Kenji, I hope that we have this finalised for you and everyone else awaiting their claim soon. Thanks, Jessie.Thanks for trying Jessie. I work for service recovery and I would not assume the answer to any enquiry without actually look into the customer's account, find out what is wrong and explain it to the c... Read more
ustomer (most will understand), escalate to management etc. As mentioned, you are also replying me with the same low level of service standards. You are Not interested to ask if you can look into this for me but are assuming that my claim (and others) will be processed over time.Lauren C.Rest Superannuation
Hello Kenji,
Thanks again for reaching out to us and highlighting your concerns.... Read more
Please accept our apologies for the delay in our response. As you can appreciate, we are currently experiencing high volumes across all contact channels and we are working on responding to all enquiries as quickly as possible. We would like the opportunity to look into this matter for you and as such, have sent you a direct message. Thanks, LaurenSimilar opinion? Write a review on ieatwords.com.au!
ErinTasmania
When people are truly in need, it's a hand to the face!
Currently in a desperate situation, as are many others, so applied for early release of super funds to put food on the table for myself and my kids as I lost my income due to covid19. ATO approval msg sent to me on the 23rd. Called Rest on the 24th because i realised i had to update my address and telephone number. On hold over an hr. Used chat service offered instead. Received a response straight away, everything updated no worries. No payment in bank by yesterday, so called to see if anything was wrong and told i was FLAGGED for security purp...Read more
oses! I asked why and lady said because i had recently changed my details it was going to take longer to go through their "security checks" and now it will all take up to 10 days for funds to be allocated. My security is that I have provided them new contact details, they have my tax file number, my kids names and dates of births, my drivers license etc... What other "security checks" can possibly validate me?! All there is is an apology for any inconvenience.... yes, it IS inconvenient that you have MY money and my kids can't eat right now because of some kind of ridiculous formality. Its like dangling a carrot in front of us... here, have some of your hard earned money to help you through the hard times... but oh, you cant have it, you have to wait! The ATO/Australian Government has told you to release peoples money within 5 days, so release it! I know people that are with another fund that had there's approved, allocated and available in their accounts in 3 days, and they weren't even in desperate need like some of us!3 comments
Makealah C.Rest Superannuation
Hi Erin,
Thanks for contacting us and sharing your feedback. ... Read more
First of all Erin, I would like to say that I am sorry that you have had this experience with Rest. We can see that COVID-19 has had a huge effect on our members lives and we are here to help. It can be alarming when you are told that your account has been flagged. I would like to discuss this further for you. Please know that we want to get your payment to you quickly. Unfortunately due to past fraudulent attempts on Rest member accounts, we have additional manual checks in place to ensure we are paying the funds to the correct member. We apologise that you have incurred a delay in your payment and any inconveniences as a result. Within the next few business days you can expect to receive a call from us if there is anything we need to confirm with you, and if not we will be arranging your payment and confirming by sms. If you have any concerns or don’t hear from us within the next few business days, please feel free to contact us again. I hope this clears up some information and provides reassurance during this very tough time. Thanks, Makealah.Hi Makealah. I don't know what i need to "confirm" with you, as everything was "confirmed" when i updated my details, AND on the follow up phone call I had with someone yesterday as to why i have been... Read more
"flagged". The lady on the phone yesterday told me she had noted that it was a simple update of details and I shouldn't have to wait any longer! I assumed i was doing the right thing by updating my phone number and address to ensure that funds ARE being allocated to the correct person, but instead i am being punished by being made to wait because of some kind of ridiculous process ?! I understand the position you guys are in, and i am sorry that you have to deal with the extra work. Short of an employee from Rest coming to my front door and verifying my identity by looking at my drivers license, and my face... what else do i possibly have to wait for?!Makealah C.Rest Superannuation
Hi Erin,
I can imagine that you were trying to do the right thing by updating your contact details. ... Read more
I would like to have a look into your account for you. Can you please send us a private message with your best contact number, member number and your full residential address including state, suburb and postcode so I can investigate this for you. Thanks, Makealah.Similar opinion? Write a review on ieatwords.com.au!
Not releasing funds within the 5 day time frame
I have been with this super for almost 10 years! I had updated my details, and my details matched the ATO website! They are still INSISTING on the fact that it was flagged and a review was required! I have since called on 4 seperate occasions to confirm my details are correct and my withdrawal request was no fraudulent in hopes to speed up the process!!! Here I am, day 9, no correspondence from Rest! No money in my account and I now cant get through as it seems they have turned their phones off and are NOT replying to emails, chat messages and facebook messages!
This is disgraceful! They have had over a month to prepare for this!
1 comment
Makealah C.Rest Superannuation
Hi Jazmyn,
Thanks for reaching out to us and sharing your experience.... Read more
I am sorry to hear that you have been left in the dark. It can be alarming when you have been told that your account has been flagged and needs to be reviewed. Please know that we want to get your payment to you quickly Jazmyn. Unfortunately due to past fraudulent attempts on Rest member accounts, we have additional manual checks in place to ensure we are paying the funds to the correct member. We apologise that you have incurred a delay in your payment and any inconveniences as a result. Within the next few business days you can expect to receive a call from us if there is anything we need to confirm with you, and if not we will be arranging your payment and confirming by sms. If you have any concerns or don’t hear from us within the next few business days, please feel free to contact us again. I hope this clears up some information and provides you with some reassurance. Thanks, Makealah.Similar opinion? Write a review on ieatwords.com.au!
One star is being generous
In the same situation as everyone else. Has anyone actually received their cov-19 payment from Rest? This is disgusting...Everyone we know that is with another super fund has received their cov-19 payment. Most of them only had to wait 2 working days. I have lost nearly all of my hour's at work due to cov-19. I have bills and a family to look after. I'll be making sure not another cent of my hard earn money goes anywhere near Rest.
1 comment
Makealah C.Rest Superannuation
Hi Will,
Thanks for reaching out to us and sharing your feedback. ... Read more
I do apologise for the experience which you have had with Rest. We can see that the effects of COVID-19 have made it tough for our members. Many of our members have received their withdrawal within the estimated time frame which is 5 business days with a further 1-3 business days for banking time frames. We have set this time frame in place to complete security checks and allow for processing. The further 1-3 business days is for bank processing where allocation and banks security checks are completed. I hope this helps Will. We thank you for your patience and understanding. Thanks, MakealahSimilar opinion? Write a review on ieatwords.com.au!
brendan h.Greater Melbourne (Metropolitan), VIC
- 2 reviews
Flagged
Applied for Earl release of super due to covid-19 on the 19th accepted on the 20th rest received my application from ATO on 21st to release within 5 days. Account got flagged. Even tho I called rest the week before I applied To make sure everything was sweet and up to date they said it was all good. Now I have been flagged. And won't tell me why asked if they can stop the investments because my account over the last year has gone down and down and down. She said no
3 comments
Makealah C.Rest Superannuation
Hi Brendan,
Thanks for reaching out to us. ... Read more
I am sorry to hear about your experience with Rest and I can appreciate that this must be a difficult time for you. It can be quite alarming when you were told that your account had been flagged. There has been a few cases of attempted fraud with these new requests, due to this we have put in place a few extra checks and balances to ensure we are paying the funds to the correct member in their time of need. As you can imagine, security during this time is very important. With these extra checks there may be a delay in your payment, we sincerely apologise for any inconvenience caused by this, and we are working hard to process these requests correctly and timely within 5-10 working days of receiving your request. Please allow 1-3 working days for banking time frames once payment has been released. I do apologise that you were not advised why your account had been flagged. If we do require any further information, our team will contact you. Thanks, MakealahNo that's bull. I called to make sure all my details are correct and up to date and they are. You cannot tell me why it's been flagged. Or put the threw to the department handleing this same as tho... Read more
usands of others. Then when people ask on your Facebook rest delete everyones posts. So they look innocent. Bunch of scamming rats. I'm sure your holding it all till you earn intest on the trust account with everyone else's money I. It. I have made a formal complaint to afca People are losing there jobs and lively hoods and you people couldn't give a rat's about people in financial hardships like you care if I haven't eaten in 3 days due to losing my buisness. So O can only give my kids beans on a baked potato for the last 3 days or pay my rentLauren C.Rest Superannuation
Hello Brendan,
Please accept our apologies for the delay in our response. As you can appreciate, we are currently experiencing high volumes across all contact channels and we are working on responding to all enquiries as quickly as possible.... Read more
We appreciate you are stressed and that this is a difficult time for you and your family. We would like the opportunity to follow this up for you and as such, have sent you a direct message. Thanks, LaurenSimilar opinion? Write a review on ieatwords.com.au!
Biggest Scam in Super
I was with REST for along time, I had requested to have my Super transferred into another Superfund in 2017, unbeknownst to me a month after I had my account close had another one reopen that same year in 2017 and funds transferred there, discovered in 2018 I merged it again using ATO via MyGov 2018 but it was declined no notification given nothing but account was left on pending. The reason I was given when I discovered and rang them ! My identification information was incorrect, now after half my funds is stolen they ready to release what’s ...Read more
left, you know what makes this funny ? After following this up ! I discovered that I had a total of 3 different accounts with REST from all accumulating fees and god knows what else, and only during 2013 they merge into one account using the Identification I apparently provided. Now fancy that Scum1 comment
Hayley W.Rest Superannuation
Hi Mikaele E,
Thank you for taking the time to leave a review. I'm sorry to learn you've not been happy with your experience with Rest.... Read more
Whilst I can't comment on your account specifically on a public forum such as Product Review, if a new super account is created by an employer, the expectation is that the correct personal and contact information is provided at that time. As we all know, mistakes can occur, so if an account was created for you with an error in details, we quite likely would only become aware of this if you or your employer contacted us. Regarding fees and duplicate accounts, generally when two or more accounts for the same member have been active at one time, fees are reimbursed from the duplicate account(s) when these are merged. If you would like to discuss your account specifically, you can get in touch directly. See rest.com.au/contact-us for more information. Please note that we are currently receiving a high number of enquiries relating to the COVID-19 temporary early release of super, so you may encounter wait times when getting in contact with us. Thanks, HayleySimilar opinion? Write a review on ieatwords.com.au!
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Absolutely pathetic
applied for covid release of super as lost my job. All approved on 22 April. Rest is holding on to my money (not theres). States on there website payments will be made in the 5 days,load of crap. Will be contacting ato and fair trading as this is pathetic. Will also be looking for new super fund as well. Rest u can not hang on to peoples money when they really need it to keep there house and look after family. Get your act together and release peoples money its not yours!!!!
4 comments
Hayley W.Rest Superannuation
Hi MAT,
Thanks for taking the time to leave a review. I'm really sorry to learn you're in such a difficult situation.... Read more
With the time frames for processing these COVID-19 temporary early release payments, typically once Rest has received your approved withdrawal request from the ATO, the funds will then be released within 5 business days. However, please do allow 1-3 days after we have released the funds, for your bank to receive and deposit the funds into your account. You will also receive an SMS from Rest to the mobile number listed on your account confirming that your request has been received and is being processed. In some cases, if account details differ from those provided to/recorded by the ATO it can cause some delays. We do have in place several automated checks to ensure the safety and security of your account before any payment is released. If this occurs our team will review the account, perform further checks and may need to contact you to discuss further if required, please ensure your contact details are kept up to date so we can reach you if needed. I can certainly appreciate how difficult it has been for many of our members waiting on these payments during this time. We are still working to have all payments completed as quickly as possible, whilst also ensuring we don't compromise the security of any accounts in the process. Thanks, HayleyHayley,my balance of my super hasn't even had the money taken out. You say 5 days,your website says will be processed in 5 days. Rest is misleading its customers and not supporting them through these ... Read more
tough times. Why is it that other superfunds are so quick at helping there customers buy rest isn't? I have been contacting rest for days asking them to process my payment as going on 7 days and my super has not even been touched. I'm trying to keep my house. Rest get your act together and support your members,it is not your money it is your members. If you do not,you are going to lose a lot of members. I have life insurance through you and will now be taking it somewhere else as rest does not pay out when in need.Hayley W.Rest Superannuation
Hi again MAT,
It can take 1-2 business days for Rest to receive your application information from the ATO and begin processing your payment. ... Read more
It is important to note that Rest is one of the biggest funds in terms of membership with over 2 million members, a large number of which are in the retail industry, one of the hardest hit by the COVID-19 pandemic. This has led to a very large number of applications, which our Payment teams are working through as quickly as we can, with the majority of these so far being processed within 5 business days of us having receiving an application from the Australian Taxation Office (ATO). Following a payment being processed and released by us, at which point you'll be able to see a transaction in your account for the withdrawal, it can just take 1-3 for your financial institution to receive and allocate the funds and for you to see the payment in your nominated bank account. If you have any questions, don't hesitate to get in touch with us directly. See rest.com.au/contact-us. Thanks, HayleySimilar opinion? Write a review on ieatwords.com.au!
Vivian A.Sydney, NSW
Delaying approved covid 19 early release
Early release approved on the 22nd by the ATO. Didn't hear anything from Rest
Called them today and was advised that my approval has been sent to "fraud" for further checks. I asked why and was advised it was because i updated my details. What a joke! I am a single mother
Release my moneyy!!!
3 comments
Lauren C.Rest Superannuation
Hello Vivian,
Thanks for taking the time to leave us a review and highlighting your concerns.... Read more
We are truly sorry to learn you are presently experiencing hardship due to current events and need to access some of your super. We appreciate that this must be a stressful time for you and your family. Please be assured that we want to get your payment to you quickly and we understand that you need these funds urgently. Unfortunately, there have been incidents of attempted fraud on Rest member accounts with these new payments. We have the additional manual checks in place to ensure we are paying the funds to the correct member. With these extra checks there may be a delay in your payment, and it may take up to 10 business days from receiving the approval. Please allow 1-3 working days for banking time frames once payment has been released. Thank you for your patience and understanding, as ensuring our members receive requested payments while not compromising account security during this difficult time is our highest priority. Thanks, LaurenHello Lauren
10 working days and no contact
I am a single mother and need my money!!!
Lauren C.Rest Superannuation
Hello again Vivian,
We're sorry you have not yet received an update on your application for early release of your super.... Read more
Please also accept our apologies for the delay in our response. As you can appreciate, we are currently experiencing high volumes across all contact channels and we are working on responding to all enquiries as quickly as possible. We would like to look into this further for you and as such, have sent you a direct message. Thanks, LaurenSimilar opinion? Write a review on ieatwords.com.au!
Cara L.Greater Melbourne (Outer), VIC
Frustrating
Among many others I am sure, applied for Covid-19 early release. ATO approved on the 22nd, I got texts from both ATO & REST on the 22nd/23rd approving ect ect. On the 27th I got a call from REST which I missed, spent 45 minutes on hold calling them back to deal with a nice guy who confirmed a few details and said payouts should be in 5 business days from approval... today is day 5 and I have received nothing. Frustrating in the sense that if we are accessing this money, it’s for a valid/urgent reason.
6 comments
Mikaela L.Rest Superannuation
Hi Cara,
Thank you for contacting Rest, I am sorry to hear this. I can certainly understand your frustration during this hard time and can assure you we are working through these requests as quickly as possible. ... Read more
Please be assured that we want to get your payment to you quickly and we understand that you need these funds urgently. In order to protect our members balance and information from potential fraud, we have added additional manual checks to ensure we are paying the funds to the correct member. Provided the information you included in your ATO application matches the information we have on our records, we will process your application within 5 business days. However, with these extra checks if there is any details that do not match ours there may be a delay in your payment, and it may take up to 10 working days from receiving the approval. Once the funds have left your account, please allow 1-3 working days for banking time frames which is dependent on your banking time frames. Thank you for your patience and understanding while we work to get you your payment as soon as possible. I hope this information helps, if you need any further assistance please send us a private message and we will be happy to assist you. Thank you, Mikaela.Hi Mikaela. As far as I know your company has everything it needed and there is nothing else to do other than transfer the money.
Lauren C.Rest Superannuation
Hello Cara,
Thanks for your follow up comment and we can appreciate your frustration.... Read more
We would like to follow this up further for you and as such, have sent you a direct message to obtain some details from you. Thanks, LaurenSimilar opinion? Write a review on ieatwords.com.au!
Jason D.Sydney, NSW
Lack of Customer Service
Tried to consolidate my REST super and it has been stuck on pending since 2018, Cannot even release it for the Coronavirus. Tried to get in contact with the customer service via live chat and call, no answer on either. Lack of care for their customers.
1 comment
Mikaela L.Rest Superannuation
Hi Jason,
Thank you for contacting us today, I am very sorry to hear that you have had this experience. I can certainly understand that our extended wait times and delays must be frustrating during ... Read more
this difficult time. I will be happy to look into this one for you.Similar opinion? Write a review on ieatwords.com.au!
R HowardQueensland
Won’t help with my enquiry
I am on IP and haven’t been paid my monthly payment, contacted rest to ask why? They said they can’t help and I have to contact AIA ( their old insurer as they now use TAL ( who are no better so do your due diligence and own research prior to signing ) so I have tried twice to contact AIA and no one has got back to me. Contact Rest again on live chat as phone lines busy or very long waits. Get told “ as I have said you have to contact AIA “ even though I just explained no one from AIA getting back to me. I need to know where my monthly payment ...Read more
is as this is my only income into house due to medical condition but no one wants to help or look into it from rest super. I signed my super up with you and have to submit claims etc to you so why can’t Rest help? Have screen shots of conversation as always have bad experiences with he said / she said with rest so happy to provide them. I just want to know when my regular income protection payment will be made as normally done by now. Times are hard enough without it being harder because rest and AIA can’t communicate.1 comment
Lauren C.Rest Superannuation
Hello R Howard,
Thank you for taking the time to leave us a review and we are sorry to learn you have experienced difficulty in reaching AIA Australia to discuss your income protection (IP) payments.... Read more
Please also accept our apologies for the delay in our response. As you can appreciate, we are currently experiencing high volumes across all contact channels and we are working on responding to all enquiries as quickly as possible. We have received and responded to your direct message; and understand this matter has now been resolved. Thank you once again for reaching out to us to share your experience and please do not hesitate to reach out to us again if you require any further assistance. Thanks, LaurenSimilar opinion? Write a review on ieatwords.com.au!
Questions & Answers
Igor M.asked
Hi, I applied for my release on the 19/04, got approved by the ATO on the 21/04. Today is the 30/04 and I HAVEN'T been contacted by REST at all, no email, no SMS and everytime I try to call, I hang up after 1:30 hours on the line. I have check my account details and it is all correct.
Total desrespect with your customers and I'm pretty sure that is going against what the government has said.
13 answers
Exact same thing happening to me
Me too! Shame on REST
Lauren C.Rest Superannuation
Hello Igor,
Thanks for taking the time to reach out to us.
We're sorry to learn you have experienced difficulty getting in touch with us via phone. As you can appreciate, we are currently experiencing high volumes across all contact channels and we are working on responding to all enquiries as quickly as possible.
We have responded to you via another thread and have also sent you a direct message.
Please do not hesitate to let us know if there is anything else we can help you with.
Thanks,
Lauren
Jessica. Masked
Hi so I applied for early release on the 20/04 got approved by the ATO on the 21/04 got the text message from the ATO and the email but haven’t heard anything from REST at all and the funds are still in my super, i just want to know if anyone else has had this problem?
15 answers
I am having this problem too, Jessica. Exactly the same with me, no contact from rest at all
It would be nice to even get a message stating they are still processing or if there is a problem they could let us know
Makealah C.Rest Superannuation
Hi Jessica and Igor,
Thank you for both sharing your experiences and reaching out to us.
I am sorry to hear that you have both not been contacted by Rest as of yet.
As a breakdown, once we have received all information, you will receive a SMS letting you know the process will be 5 business days and 1-3 business days for bank processing times.
The processing times are subject to all your details being up to date. The times can be extended if details need to be updated.
In the case that we need further details, our team will contact you to request these.
Please let me know if you both have any further questions and I will be more than happy to assist you with them.
Thanks,
Makealah
leah nasked
Hi. I applied for early release on 20th April. Was approved on 23rd and I'm still waiting. My balance hasn't changed yet I know people who applied after me that recieved there's 4days ago. Any idea how long this takes please
12 answers
Hello Leah
Unfortunately for us 10 working days from the date REST received the approval from the ATO. That's what i was advised when i called. If mine is not received by then i will be lodging a formal complaint
It's odd. Someone I know applied after me and they recieved their money on Monday.
Hi leah. I had 2 mates apply with sunsuper 3days ago as they lost there jobs. They both received there super yesterday. Took 3 days
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Lauren C.Rest Superannuation
Hello there,
Thanks for taking the time to leave us a review and for bringing your concerns to our attention.... Read more
We're truly sorry to learn you are presently experiencing hardship due to current events and need to access some of your super. Please know that we want to get your payment to you as quickly as possible. Unfortunately, due to past fraudulent attempts on Rest member accounts, we do have some additional manual checks in place to ensure we are paying the funds to the correct member which has caused some slight delays. We are still working to have all payments completed as quickly as possible, while also ensuring we don't compromise account security in the process. You will receive an SMS to the mobile number listed on your account confirming when your funds have been released. If you would like us to check on the status of your application for early release of your super, please do not hesitate to send us a direct message. Thanks, Lauren