Community groups, sports teams and local clubs are being asked to tell their story to claim a share in $100,000 to invest back into their community.

“This gives us the opportunity to reward the broader suburban and regional areas where our customers live, work and play,” said CEO of ING Direct Don Koch.

The grants are open to all community initiates, including schools, charities or even local spaces in need. The winning entry will receive their desired amount between $1,000 and $50,000 to meet their direct need and improve the wider community.

Entries open Monday 16 August and close Thursday 30 September. Entries will be reviewed by an independent judging panel and the winner will be announced on 11 October.