The Finance Algorithm
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Preschool Petty Cash Account

Preschool Transaction Account

Savings & transaction accountsBank updated 30 Apr 2026
Product page ↗Fees and pricing ↗Terms ↗

At a glance

Base rate
0.05%
Monthly fee
$0

How it compares

This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.

This account: 0.05%Every other institution's highest, 60 in all

Paid whatever you deposit or spend. One dot per institution, at its highest savings rate with no bonus conditions anyone can apply for; hover or tap a dot for its name.

RateThis accountBest anywhereTypical institutionWhere it sits
No bonus conditionsPaid whatever you deposit or spend0.05%4.80%MoveBank's Online Saver2.25%of 61 institutions55th highest of 61, level with one other

Rates

The one rate Bank First Production publishes for this account.

TypeApplies toTermBandRateComparisonConditions
Variable---0.05%-paid every 3 mo

Fees

16 fees published, grouped by when they're charged.

  1. When you take it out$50Non- Individual Membership Establishment Fee
  2. While you hold itUp to $302 fees, each listed below
  3. When you close it or pay it offNo fee published

When you take it out1

  • Non- Individual Membership Establishment Fee

    Applies when a Non-Individual membership is established

    $50

While you hold it2

  • Account Keeping Fees
    No fee
  • Inactive Membership Fee
    $30 a year

When you make a transaction3

  • Currency Conversion Fee

    This fee is waived for Premier/Rewards Package Home Loan customers

    3.00% of transaction
  • Visa Debit Card Overseas Atm Withdrawals

    The ATM operator may charge a fee at the time of the transaction

    $2.50
  • Visa Debit Over The Counter Cash Advance
    $2.50

If a payment is late or fails1

  • Direct Debit Dishonour Fee
    $15

When particular things happen9

  • Coin Handling Fee

    Handling of a coin deposit or withdrawal - $5 per every $100.

    $5
  • Direct Debit Stop Request
    $9
  • Direct Entry Return Fee
    $2.50
  • Express Posting Of Card Or Pin In Australia
    $15
  • Issue Card Or Pin Internationally By Registered Mail

    $15 dollars per item

    $15
  • Overdrawn Account Fee

    Applies when your Transaction / Savings Account is overdrawn or the balance exceeds the limit of any Overdraft attached to the account at close of business and charged again at seven day increments i…

    $15
  • Statement Request
    No fee
  • Emergency Overseas Replacement Card Fee

    This Fee is waived for Platinum credit card holders

    $150
  • Replacement Card Fee

    $12.00 Staff Assisted and $8 via Mobile Banking App

    $8

Features

PayIDDigital bankingUnlimited transactionsGoogle PayApplePay
  • Other service related charges apply based on your circumstances

Eligibility and limits

None published.

Published by Bank First under the Consumer Data Right, last changed by them on 30 Apr 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.