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

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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Pension Access

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

No monthly account fees


  • 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.

7,000 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.


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

Variable interest rate
On the portion above $50,001 in your Pension Access
Effective 1 August 2022
Variable interest rate
On the portion between $5,000 and $50,000
Terms and conditions apply
See rates and fees

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

Current interest rates

Effective 1 August 2022
Interest (p.a.)

Future interest rates

Effective 1 August 2022
Interest (p.a.)

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

Everyday account support

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

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.

® Registered to BPAY Pty Ltd ABN 69 079 137 518
® 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.