No items found.

Pension Access

Variable interest rate

On balances over $50,000

A flexible transaction account for those on an aged, veterans or disability pension.

No monthly fees

Earn a high interest rate while transacting on your Pension Access account.

Finder Green Bank of the year 2023

What you get

“So easy to use. Very fast to move money around and watch savings grow. Features like Round Up help you save. Instantly able to cancel and order a card if you lose one.”
Review by Felicity.

Digital wallet

When you open an account and order a card, you can use digital wallet straight away for purchases on your mobile device.

Instant, easy payments

Move money and pay people instantly with Osko. And use PayID to pay and be paid the simple way.

Low-cost international transfers

Move money across borders quickly, easily and securely. It’s all done through your internet banking.

Joint accounts

Open an account with another person. Joint accounts are available with any of our transaction or savings accounts.

Visa Debit card

Our Visa Debit card is accepted worldwide and comes with 24/7 fraud monitoring.

Fee-free ATMs

Withdraw cash fee-free at Bank Australia ATMs and those of all the major banks – all around Australia.

Round up

Grow your savings with small change. Eligible purchases on your Visa Debit card are rounded up to the nearest dollar.


Know your money is safe with card controls, security alerts and more.

Rates, fees, terms and conditions

Current rates

Effective 18 December 2023
Interest (p.a.)
$0 - $4,999.99
$5,000 - $50,000

Interest rate is variable, calculated daily on whole of balance within each interest tier and credited quarterly.

Eligibility criteria

People aged 18+

Aged, disability or veterans government pension holders

People living in Australia as a permanent resident or with a relevant work visa

Single and joint account holders

Eligible pension must credited to this account.

Fees and charges

Monthly account fee
Exceeding available funds fee
$10 plus Debit interest charge rate
Debit interest charge rate
Dishonour fee
Domestic (“press credit”) cash withdrawal fee
Visa foreign cash withdrawal fee
$3.50 plus the International transaction fee
International transaction fee
3% of the transaction value
Staff assisted withdrawal fee
For all fees and charges please refer to Fees, Charges and Transaction Limits

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

Why us?

Not on a pension? Try our Basic Access account

If you’re not on the aged, veterans or disability pension, but you do have one of the following cards, then you could qualify for our Basic Access account.

  • Commonwealth Pensioner Concession card
  • Seniors Health Care card
  • Commonwealth Health Care card

Join the clean money revolution

Contact us on 132 888 or enquire below to open a Pension Access account.

Get started

Everyday account support

Need support with banking?
Head to our help section for more information.