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2023-12-22 2:05 pm

Everyday account rates and fees

Our transaction accounts are mostly without fees, with some exceptions and waivers. Includes personal, pension and business customers.

What's on this page

Basic Access

Effective 18 December 2023
Balance
Interest (p.a.)
Any balance
0.00%

Fees and charges

Monthly fee
$0
Exceeding available funds
$0
Dishonour fee
$0
Domestic ('press cred') cash withdrawal fee
$0
Visa foreign cash withdrawal fee
$0
International transaction fee
3% of the transaction value
Cheque Book Fee
Not available
Staff-assisted transaction
$0

Everyday Access

Effective 18 December 2023
Balance
Interest (p.a.)
$0 - $4,999.99
0.00
%
$5,000 - $9,999.99
0.05
%
$10,000-$19,999
0.05
%
$20,000 - $49,999.99
0.05
%
$50,000 - $99,999.99
0.10
%
$100,000+
0.10
%

Fees and charges

We’ll waive the $5 monthly account fees if you:

  • Are under 25 years old
  • Deposit at least $2,000 a month (like your pay). Please note you'll need to deposit money from an external source to enjoy this account fee-free. Transferring between your Bank Australia accounts won't waive the fee
  • Have combined Bank Australia loans or savings of $50,000+
Monthly account fee
$5
Monthly fee - deposit $2,000 per month
$0
Monthly fee - under 25 years old
$0
All standard fees

Commercial Access

Effective 18 December 2023
Balance
Interest (p.a.)
$0-$4,999.99
0.00
%
$5,000-$9,999.99
0.05
%
$10,000-$19,999.99
0.05
%
$20,000-$49,999.99
0.05
%
$50,000-$99,999.99
0.10
%
$100,000+
0.10
%

Fees and charges

The $8 account monthly fee will be waived for:

  • Are a school or not-for-profit entity and own the account
  • Have a Bank Australia Premium Home Loan package or Clean Energy Home Loan
Commercial Access monthly fee
$8
All standard fees

Community Access

Interest rate is variable, calculated daily on whole of balance and credited monthly.
Effective 18 December 2023
Balance
Interest (p.a.)
$1-$4,999.99
0.00
%
$5,000-$149,999.99
1.00
%
$150,000-$499,999.99
1.00
%
$500,000+
1.00
%

Fees and charges

Community Access Monthly Account fee
$0
All standard fees

Pension Access

Interest rate is variable, calculated daily on portion of balance within each interest tier and credit quarterly.
Effective 18 December 2023
Balance
Interest (p.a.)
$1-$4,999
0.60
%
$5,000-$50,000
1.65
%
$50,001+
1.90
%

Fees and charges

Monthly fee
$0
All standard fees

General fees and charges

Exceeding available funds fee
$10 (plus debit interest charge)
Debit interest rate
12.39%
Dishonour fee
$12
Domestic ('press cred') cash withdrawal fee
$3.50
Visa foreign cash withdrawal fee
$3.50 plus the Foreign Currency Conversion Fee.
International transaction fee
3% of the transaction value

Important information

General advice

Information provided is of a general nature only. In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents below and Target Market Determination before making a decision to apply for products with Bank Australia.

Terms, conditions, fees and charges may be applicable as outlined below.

Product disclosure documents

Account Access facility conditions of use

Fees, Charges and Transaction Limits

Summary of accounts

Everyday accounts Target Market Determination