Bank of us
Pension Advantage
If you receive a pension and need an everyday account, then the Pension Advantage delivers you the freedom to bank how and when you want and the ability to minimise or avoid transaction fees altogethe
Savings & transaction accountsBank updated 31 May 2026
At a glance
- Base rate
- 0.00%
§ 01 — Rates · 3
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | up to $2,000 | 0.00% | — | paid every 1 mo |
| Variable | — | — | $2,000–$39,400 | 1.55% | — | paid every 1 mo |
| Variable | — | — | $39,400+ | 2.05% | — | paid every 1 mo |
§ 02 — Fees · 21
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| SPECIAL_CLEARANCE_FEE_ON_CHEQUE_DEPOSITS | Deposit | $25 | — | Applies where you request us to obtain fast clearance of a cheque to be deposited to your account. The fee is debited to your account at the time of request. |
| ALERT_FEE_(SMS) | Event | $0.25 | — | Applies to each Alert sent to you by SMS. The fee is debited to your nominated account at the end of the day in which the SMS is initiated |
| ASSISTED_PIN_ISSUE_FEE | Event | $10 | — | Applies where you request us to generate a PIN for your card. The fee will be debited to your account at the end of the day in which the PIN is generated |
| BPAY_ERROR_CORRECTION_PROCESSING_FEE | Event | $10 | — | Applies where we are required to process the correction of a BPAY payment that is made by you in error. The fee does not apply where you are not responsible for the error. The fee is debited to your… |
| CHEQUE_DISHONOUR_(INWARD)_FEE | Event | $12 | — | Applies where a cheque paid into your account with us is dishonoured. The fee is debited to your account on the date of dishonour. |
| COUNTER_(CORPORATE)_CHEQUE_FEE | Event | $10 | — | Applies where you request us to draw a counter/corporate cheque against funds held in your account, whether to a third party or to yourself. The fee is debited to your account at the end of the day i… |
| DUPLICATE_STATEMENT_FEE | Event | $5 | — | Payable for each duplicate paper copy of your monthly statement you request. Charged at the time of your request. |
| INTERIM_STATEMENT_FEE | Event | $2 | — | Per statement. Applies where you request an interim statement between your existing statement cycle. The fee is debited to your account when we issue the interim statement(s). |
| OVERSEAS_DEBIT_CARD_REPLACEMENT_FEE | Event | $120 | — | Applies where you request the emergency replacement through VISA International of your VISA Debit card that is lost or stolen. The fee is debited to your account at the time of your request for a rep… |
| OVERSEAS_DEBIT_CARD_REPLACEMENT_FEE | Event | $120 | — | Applies where you request the emergency replacement through VISA International of your VISA Debit card that is lost or stolen. The fee is debited to your account at the time of your request for a rep… |
| REAL_TIME_GROSS_SETTLEMENT_PAYMENT_FEE | Event | $25 | — | Applies where you initiate the transfer of cleared funds, via RTGS, to another financial institution within Australia. The fee is debited to your account at the time the transfer is initiated |
| STALE_CORPORATE_CHEQUE_FEE | Event | $30 | — | Applies where a counter/corporate cheque that you have arranged is still unpresented after 15 months from the date of issue. The fee is payable by you when we issue a replacement counter/corporate ch… |
| STOP_PAYMENT_FEE_ON_CORPORATE_CHEQUE | Event | $25 | — | Applies to a request from you for a stop payment to be placed on a counter/corporate cheque due to theft or loss. The fee is debited to your account on the next business day following placement of th… |
| OVERDRAWN_ACCOUNT_DEBIT_INTEREST | Other | $1 to $200 | — | Where your account is overdrawn* at the close of business without prior approval from us, we will charge you interest on the unauthorised overdrawn amount. Overdrawn Account Debit Interest is calcula… |
| OVERSEAS_CARD_TRANSACTION_FEE | Transaction | 2.50% of transaction | — | Applies to all cash advances and retail purchase transactions made in currencies other than Australian dollars. The fee is added to the total transaction amount debited to your account in Australian… |
| OVERSEAS_CARD_TRANSACTION_FEE | Transaction | 2.50% of transaction | — | Applies to all cash advances and retail purchase transactions made in currencies other than Australian dollars. The fee is added to the total transaction amount debited to your account in Australian… |
| SELF_SERVICE_EFTPOS_TRANSACTIONS | Transaction | $0.75 | — | Self-service EFTPOS transactions mean a transaction you make to purchase goods, purchase goods and withdraw cash, or withdraw cash via EFTPOS facilities. Self Service Eftpos Transaction |
| SELF_SERVICE_INTERNET_BANKING_TRANSACTIONS | Transaction | $0.25 | — | Applies for each transaction performed from or to your Bank of us account. These include one off or regular (Periodical Payment) transfers and BPAY transactions. Self Service Internet Banking |
| STAFF_ASSISTED_TRANSACTIONS | Transaction | $2.50 | — | For transactions performed at a Retail Store or through our Contact Centre Staff Assisted Transactions |
| BANK@POST_WITHDRAWAL_FEE | Withdrawal | $5 | — | This fee applies where you make a cash withdrawal via Australia Post offices displaying the Bank@Post symbol. The fee is debited to your account at the end of the month in which the fee is incurred. |
| VISA_CASH_WITHDRAWAL_FEE | Withdrawal | $5 | — | Applies where you make a VISA cash advance at an overseas ATM. The fee is debited to your account at the end of the month. |
§ 03 — Features
Instant paymentsPayIDDigital bankingApple Pay, Google Pay
§ 04 — Eligibility & limits
- · Available to individuals
- · Opening balance $1
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by Bank of us under the Consumer Data Right, last changed by them on 31 May 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.