Regional Australia Bank Freedom Retirement Account
Full range of access AND great interest rates for retirees and pensioners.
- Overseas spending fee
- 3%
- Overseas ATM fee
- Not published
- Digital wallets
- Apple, Google, Samsung
Monthly fee
Not published
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
- 55 and over
Who it's for
- As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.
- Account holders must be retired and at least 55 years old, or receiving an eligible pension.
How it compares
Against the other everyday accounts we compare. Typical means the middle half of them.
Overseas spending fee
3%
Of what you spend in another currency. Typical is 3%.
Pros and cons
Pros
- Pays interest. 2.75% 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.
- Monthly fee
- $14
- Overseas spending fee
- 3.5%
- Monthly fee
- $10
- Overseas spending fee
- 3.5%
- Monthly fee
- $10
- Overseas spending fee
- None
