P&N Bank Momentum Account

Fee can be waivedNo foreign transaction fee

A transaction account for customers aged 55 and over, with easy access to funds and variable stepped interest.

Monthly fee

How to avoid the monthly fee

On a fee for maintaining a set balance

Customers may hold up to a total of 3 Momentum Account accounts under single or joint names.
You must be or become a P&N Bank customer.

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

Monthly fee

$10

Most accounts that say charge none.

Overseas spending fee

None

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

No overseas spending fee. Handy for travel and for shopping online from overseas sites.
Pays interest. 2.70% 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.

A monthly fee. $10, above the typical None. You can avoid it if you meet the conditions, such as a minimum deposit each month.

Everyday accounts from other banks with similar fees.