Bank Australia
Pension Access
A flexible transaction account for those on an aged, veterans or disability pension.
Savings & transaction accountsBank updated 24 June 2026
At a glance
- Base rate
- 0.75%
- Monthly fee
- $0
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableInterest rate is variable, calculated daily on whole of balance within each interest tier and credited quarterly. | — | — | up to $5,000 | 0.75% | — | paid every 3 mo; Rate applies for amounts between $0.01 and $4999.99 |
| VariableInterest rate is variable, calculated daily on whole of balance within each interest tier and credited quarterly. | — | — | $5,000–$50,001 | 1.65% | — | paid every 3 mo |
| VariableInterest rate is variable, calculated daily on whole of balance within each interest tier and credited quarterly. | — | — | $50,000+ | 1.90% | — | paid every 3 mo |
§ 02 — Fees · 19
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Inwards Payment fee | Deposit | No fee | — | International money transfer from overseas (other fees may be charged by participating banks involved in the transaction or settlement). The cost is per transaction. |
| Dishonour Fee | Dishonour | No fee | — | A fee charged where a debit presented to us is dishonoured because there aren't enough available funds in your account. |
| Certificates supplied by the bank | Event | $5 | — | A fee for comprehensive certificates supplied for audit. The cost is $5 per page and $25 per hour. |
| Debit interest charge rate | Event | 12.39% of transaction | — | Additional interest charged on overdrawn account. |
| Duplicate statement fee | Event | $5 | — | $5 per statement (for period more than 3 months before request). A fee that may be charged if you order a copy of a statement that has already been issued on your account. This fee per statement and… |
| Exceeding available funds fee | Event | No fee | — | A fee charged when you exceed the actual balance or authorised limit of your savings account, transaction account, or overdraft facility greater than $100 payable on the day the event occurs or next… |
| Security token fee | Event | $50 | — | When you request that we provide you with a physical Token to provide an additional layer of security when you engage in transactions that carry a higher risk. We do not charge for the virtual token. |
| SMS alert fee | Event | $0.25 | — | This fee is charged when you elect to receive notifications about your account via SMS messages to a mobile telephone number you have given us for contacting you. The cost is per SMS. |
| Staff assisted withdrawal fee | Event | No fee | — | A fee charged for taking money out of your account with the assistance of a staff member, charged on the day the service is provided. |
| Visa emergency card/cash overseas fee | Event | $175 | — | A fee charged when you need an emergency replacement card or cash delivered to you on an urgent basis to an address overseas. |
| Online international payment in foreign currency | Payment | $10 | — | This fee is charged when you make an International Payment in foreign currency on-line via Internet banking or Bank Australia app. The cost is per transfer. |
| Staff assisted international payment in AUD | Payment | $30 | — | This fee is charged when you make an International Payment in AUD via a Branch or the Contact Centre. The cost is per transfer. |
| Dormancy Fee | Periodic | $10 | Every 1 yr | Administration fee where account has been transferred to dormancy status. |
| Monthly Fee | Periodic | No fee | Every 1 mo | A flat fee payable on the last day of each month. |
| International transaction fee (ITF) | Transaction | 3.00% of transaction | — | When you undertake an International transaction on a Bank Australia Visa Debit Card you will be charged the fee. An International transaction is any purchase, withdrawal or credit in a currency other… |
| Same day funds transfers within Australia fee (RTGS) | Transaction | $20 | — | This fee is for a Real Time Gross Settlement (RTGS) payment which refers to the process of transferring money from one bank to another in Australia on a real time and gross basis. The cost is per tra… |
| Staff assisted international payment in foreign currency | Transaction | $30 | — | This fee is charged when you make an International Payment in foreign currency via a Branch or the Contact Centre. The cost is per transfer. |
| Domestic ("press credit") cash withdrawal fee | Withdrawal | No fee | — | A fee that applies to any cash withdrawal transaction within Australia made using the "credit" option on a Bank Australia Visa Debit card. |
| Visa foreign cash withdrawal fee | Withdrawal | No fee | — | A fee that applies to any cash withdrawal transaction made with your Bank Australia Visa Debit Card outside Australia. |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsGoogle, Samsung and Apple Pay available
- · Card Controls: Decide the features you want enabled on your card including card lock, digital wallet, pay wave, international transactions, ATM withdrawals or online/instore transactions and simply s…
- · Round Up: When you make a transaction with your Visa debit card, you can decide whether you want the amount to be rounded to the nearest whole dollar amount, with the round up being credited from thi…
- · Bank@Post: Customers with a Bank Australia Visa debit card can make cash deposits up to $9,999.95 per day.
- · PayTo Payments: You can make recurring and one-off payments with any participating PayTo merchant, business or service provider and keep track of all the payments in the Bank Australia app or Interne…
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: AU
- · Available to individuals
- · Only one Pension Access account is allowed per customer, solely or jointly owned
- · Personal, Joint and Trust
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Bank Australia under the Consumer Data Right, last changed by them on 24 June 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.