Updates to our deposit accounts - 1 May 2026: We're updating our deposit accounts to provide a consistent banking experience for all customers. Learn more.
A flexible transaction account for those on an aged, veterans or disability pension.
What if the money in your bank account helped other people and the planet? When you bank with us, it does.
We work to keep your money safe with 24/7 fraud monitoring. If we spot something suspicious, we’re onto it fast.
.svg){kind=icon}
Manage your money 24/7 with our app and internet banking, plus fee-free ATMs.
When you open Bank Australia's pension bank account and order a card, you can use digital wallet straight away for purchases on your mobile device.
Move money and pay people instantly with Osko. And use PayID to pay and be paid the simple way.
Move money across borders quickly, easily and securely. It’s all done through your internet banking.
Open an account with another person. Joint accounts are available with any of our transaction or savings accounts.
Our Visa Debit card is accepted worldwide and comes with 24/7 fraud monitoring.
Withdraw cash fee-free at Bank Australia ATMs and those of all the major banks – all around Australia.
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.
Balance | Interest (p.a.) |
|---|---|
$0 - $4,999.99 | 0.75 % |
$5,000 - $50,000 | 1.40 % |
$50,001+ | 1.65 % |
Interest rate is variable, calculated daily on whole of balance within each interest tier and credited quarterly.
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.
Monthly account fee | $0 |
|---|---|
Dishonour fee | $0 |
Exceeding available funds fee | $0 plus Debit interest charge rate |
Debit interest charge rate | 12.39% |
Visa foreign cash withdrawal fee | $0 plus the International transaction fee |
International transaction fee | 3% of the transaction value |
Staff assisted withdrawal fee | $0 |
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.
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.
Contact us on 132 888 or enquire below to open a Pension Access account.
