Customer-owned bank Greater Bank has partnered with grocery comparison platform Grocerize to give customers a new tool to slash grocery bills by up to 28%.

The partnership, which offers all Greater Bank customers six months’ complimentary access to Grocerize Premium, is said to demonstrate how data-driven tools are becoming “essential weapons” in the battle against rising household expenses. Users of the platform are claimed to be clawing back an average of 28% on their weekly shop by leveraging real-time pricing data and innovative shopping strategies.

Grocerize founder Blake Bennett says it’s great to see a bank exploring innovative ways to ease budget pressure for its customers.

“Small changes at the checkout can create bigger wins – whether that’s paying down debt, building savings, or planning for the future,” he says

The new collaboration brings together two Hunter-based organisations: one of Australia’s “leading” customer-owned banks and a homegrown fintech with a mission to help families take control of everyday spending.

NGM Group Chief Customer and Digital Innovation Officer James Cudmore says the partnership is about backing local ideas that deliver real value for families.

“As a customer-owned organisation, we want to back local innovators who are making a real difference to the family budget,” he says.  

“Grocerize is a Hunter-born solution to a national challenge, and it shows the strength of regional businesses to create meaningful impact.”