Finty
The Capricornian

The Capricornian Pension Access Account

Fee can be waived

The Pension Access Account allows members 65 years and over to manage their finances wisely and enjoy a more comfortable lifestyle.

Written byDavid Boyd
Overseas spending fee
3%
Overseas ATM fee
Not published
Digital wallets
Apple, Google

Monthly fee

Open account

How to avoid the monthly fee

Account Service Fee Exemptions on Access Accounts where first account is exempt for eligible members on both Personal Access and Business Access Accounts. $6.00 per month subsequent accounts on Personal Access, $10 per month subsequent on Business Access Accounts. Eligibility criteria applicable on Personal Access Account; Minimum Deposit/Lending balance of $20,000 held within the membership, Members aged 25 years and younger and Members aged 65 years and older. Eligibility criteria applicable on Business Access Accounts; Minimum Deposit/Lending balance of $20,000 held within the membership.

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

  • You will need to become a member of the Credit Union before we can issue The Capricornian Account and Access Facility to you.

How it compares

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

Monthly fee

$6

Most accounts that say charge none.

Overseas spending fee

3%

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

Pros and cons

Pros

  • Pays interest. 0.60% 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

  • A monthly fee. $6, above the typical None. You can avoid it if you meet the conditions, such as a minimum deposit each month.

Similar accounts

Everyday accounts from other banks with similar fees.