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Pension Access

The no-monthly-fee transaction account for people on an aged, veterans or disability pension.

No monthly account fees

Snapshot:

  • Digital wallet
  • Easy-to-use app
  • Visa Debit card 
  • Clean money movement

Why us?

Who it's for

  • People aged 18+
  • Aged, disability or veterans government pension holders
  • Single and joint account holders
  • People living in Australia as a permanent resident or with a relevant work visa

Is this product right for you? Find out more

What you get

“I've been with Bank Australia for a couple of months now and love the products. Easy to use app, and great ethical and environmental actions”
Mae from VIC

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.

10,000+ 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.

Security

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

Save with bonus interest

MOZO People’s Choice 2020
See all reviews

You could earn

0.45
%
p.a.
Variable rate
On the portion above $50,001 in your Pension Access
Effective 25 February 2021
0.20
%
p.a.
Variable rate
On the portion between $5,000 and $50,000
Terms and conditions apply
View full rates table

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

Get started in less than 5 minutes – all you need is your driver’s licence or passport, and your Medicare card.

Get started

Fees and charges

Here’s what to expect with our Pension Access:

  • Monthly fee $0
  • Exceed available funds $10
  • Staff assisted transaction $2.50

It pays to know. Please read the Product Disclosure Document and see all rates and fees before deciding if this account is right for you.

Money, People & Planet

See more at the Bank Australia blog

The fine print

* 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 before making a decision to apply for products with Bank Australia.

Available to customers who are in receipt of an aged, disability or veteran government pension. Eligible pension must be credited to this account. Overdraft facility may be attached to account (approval criteria applies).

Bank Australia is committed to delivering memorable and superior service to all customers. We welcome your feedback, compliments and/or complaints about our performance.

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® Terms, conditions, fees and charges may be applicable. Bank@Post and its device mark are registered trademarks of the Australian Postal Corporation. All rights reserved.