Alert

Alert: Planned maintenance - Internet Banking: Sunday 14th August, 12:30am-2:30am AEST. We will be conducting important maintenance across our internet banking platform. During this time our internet banking platform will be offline. We apologise for any inconvenience. Card transactions and ATM withdrawals will be unaffected during the maintenance window. Call us on 132 888 for any questions, we're here 'til 8pm AEST or between 9am and 2pm AEDT tomorrow.

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2022-08-12 2:08 pm
Alert

Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.

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2022-06-21 5:06 pm
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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 1 August 2022
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
Foreign Currency Conversion Fee
$0
Cheque Book Fee
Not available
Staff-assisted transaction
$2.50

Everyday Access

Effective 1 August 2022
Balance
Interest (p.a.)
Any balance
0.00%

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)
  • 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 1 August 2022
Balance
Interest (p.a.)
Any balance
0.00%

Fees and charges

The $8 account monthly fee will be waived for:

  • School or not-for-profit entity
  • Bank Australia Premium Home Loan package
Commercial Access monthly fee
$8
Company search
$15
All standard fees

Community Access

Interest rate is variable, calculated daily on whole of balance and credited monthly.
Effective 1 August 2022
Balance
Interest (p.a.)
$1-$4,999
0.00
%
$5,000-$149,999
0.10
%
$150,000-$499,999
0.10
%
$500,000+
0.10
%

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 1 August 2022
Balance
Interest (p.a.)
$1-$4,999
0.10
%
$5,000-$50,000
0.45
%
$50,001+
0.70
%

Fees and charges

Monthly fee
$0
All standard fees

General fees and charges

Exceeding available funds
$10
Dishonour fee
$12
Domestic ('press cred') cash withdrawal fee
$3.50
Visa Foreign Cash Withdrawal Fee
$3.50 plus the Foreign Currency Conversion Fee.
Foreign Currency Conversion Fee
3% of the transaction value
Cheque Book Fee
$35 for a book of 50
$70 for a book of 100
Staff-assisted transaction
$2.50

Limits

There is a default daily limit on the cash amount you can take out each day using a card at an ATM or in store is $1,000.

You can ask us to change these limits at any time but we may require you to use a Security Device to generate one-time passwords. These passwords are used to authorise payments.

Internet Banking and Mobile Application Daily Limits

The daily maximum limits which apply to electronic banking are set out below

  • Transferring between your own Bank Australia accounts: Unlimited
  • Pay to BSB & account numbers: $2,000
  • Pay to PAYID: $2,000
  • International money transfers: $2,000
  • BPay: $10,000

Things you need to know

General advice warning

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

  1. Eligibility criteria apply. You must deposit $2k to the Everyday Transaction Account each month or maintain $50k in total banking value to earn a monthly fee waiver the following month.

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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