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Interest Rate Increase - Tuesday 24 March 2026: Following the RBA’s decision to change the official cash rate, interest rates for owner-occupier, investor and commercial variable loans will increase by 0.25%, effective 1 April 2026. From 1 April 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

2026-02-03 3:38 pm

Updates to our terms and conditions

Photo journal

Article

March 26, 2026

From 1 May 2026, we’re making some changes to our deposit accounts to create a more consistent experience for all customers.

We’re streamlining our range of deposit products so customers with similar accounts will have the same benefits, eligibility criteria and interest rates, whether they bank with Qudos Bank or Bank Australia.

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What’s changing

To support these updates, we’re making changes to our Terms and Conditions, including:

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Key dates

Effective 1 May 2026: Changes to deposit products take effect - learn more
Effective 18 May 2026: Some transaction and payment limits will change. See below for more details:

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Transaction and payment limit changes

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Bank Australia	Current limit	Limit from 18 May
PayWave transactions - Debit Card	$1,000 daily limit	$10,000 daily limit
PayWave transactions - Credit Card	$1,000 daily limit	Available balance of credit card limit
ATM Withdrawals	$1,000 daily limit	$2,000 daily limit

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