Bank of us Pension Advantage
If you receive a pension and need an everyday account, then the Pension Advantage delivers you the freedom to bank how and when you want and the ability to minimise or avoid transaction fees altogethe
- Overseas spending fee
- 2.5%
- Overseas ATM fee
- $5
- Digital wallets
- Apple, Google
Monthly fee
Not published
Features
- Debit card
- Yes
- Apple, Google or Samsung Pay
- Apple Pay, Google Pay
- PayID
- Yes
- Overdraft available
- Not listed
Who can open it
- Age to open
- Any
Who it's for
- To be eligible for the Pension Advantage product you must receive an Aged, Australian War Veterans or Disability Pension from the Department of Social Security (Centrelink) or Department of Veteran Affairs and be a holder of a current Pensioner Concession Card or Repatriation Health Card. For joint accounts, at least one of the account holders must satisfy this criteria to be eligible.
How it compares
Against the other everyday accounts we compare. Typical means the middle half of them.
Overseas spending fee
2.5%
Of what you spend in another currency. Typical is 3%.
Overseas ATM fee
$5
Each time you take cash out overseas. Typical is $5.
Pros and cons
Pros
- Pays interest. 2.05% 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 and Google Pay, so you can pay with your phone or watch.
Cons
Nothing stands out.
Similar accounts
Everyday accounts from other banks with similar fees.
- Monthly fee
- $14
- Overseas spending fee
- 3.5%
- Monthly fee
- $10
- Overseas spending fee
- 3.5%
- Monthly fee
- $10
- Overseas spending fee
- None
