Finty
Bank Australia

Bank Australia Pension Access

$0 monthly fee

A flexible transaction account for those on an aged, veterans or disability pension.

Written byDavid Boyd

$0

monthly fee

Overseas spending fee
3%
Overseas ATM fee
$0
Digital wallets
Apple, Google, Samsung

Features

Debit card
Yes
Apple, Google or Samsung Pay
Apple Pay, Google Pay, Samsung Pay
PayID
Yes
Overdraft available
Not listed

Who can open it

Age to open
18 and over

Who it's for

  • Personal, Joint and Trust.
  • Available to customers who are in receipt of an aged, disability or veteran government pension.

Limits and conditions

  • Only one Pension Access account is allowed per customer, solely or jointly owned.

How it compares

Against the other everyday accounts we compare. Typical means the middle half of them.

Monthly fee

None

Most accounts that say charge none.

Overseas spending fee

3%

Of what you spend in another currency. Typical is 3%.

Overseas ATM fee

None

Each time you take cash out overseas. Typical is $5.

Pros and cons

Pros

  • No monthly fee. Keeping the account costs nothing, whatever you deposit.
  • Pays interest. 2.15% on your balance, which most everyday accounts don't.
  • PayID. People can pay you with your phone number or email instead of a BSB and account number.
  • Phone payments. Works with Apple Pay, Google Pay and Samsung Pay, so you can pay with your phone or watch.

Cons

Nothing stands out.

Similar accounts

Everyday accounts from other banks with similar fees.