Bank of usPension 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
At a glance
- Base rate
- 0.00%
Rates
Every rate Bank of us publishes for this account, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | up to $2,000 | 0.00% | - | paid every 1 mo |
| Variable | - | - | $2,000–$39,400 | 1.80% | - | paid every 1 mo |
| Variable | - | - | $39,400+ | 2.30% | - | paid every 1 mo |
Rate changes
2 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 3 Nov 2026 | Variable, $2,000–$39,400 | 1.55% | 1.80% | up 0.25 |
| 3 Nov 2026 | Variable, $39,400+ | 2.05% | 2.30% | up 0.25 |
Each change is logged the night it appears in the rates Bank of us publishes. See how every lender answered the RBA on the rate tracker.
Fees
21 fees published, grouped by when they're charged.
When you make a transaction8
- SPECIAL_CLEARANCE_FEE_ON_CHEQUE_DEPOSITS
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.
$25 - OVERSEAS_CARD_TRANSACTION_FEE
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…
2.50% of transaction - OVERSEAS_CARD_TRANSACTION_FEE
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…
2.50% of transaction - SELF_SERVICE_EFTPOS_TRANSACTIONS
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
$0.75 - SELF_SERVICE_INTERNET_BANKING_TRANSACTIONS
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
$0.25 - STAFF_ASSISTED_TRANSACTIONS
For transactions performed at a Retail Store or through our Contact Centre Staff Assisted Transactions
$2.50 - BANK@POST_WITHDRAWAL_FEE
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.
$5 - VISA_CASH_WITHDRAWAL_FEE
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.
$5
When particular things happen12
- ALERT_FEE_(SMS)
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
$0.25 - ASSISTED_PIN_ISSUE_FEE
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
$10 - BPAY_ERROR_CORRECTION_PROCESSING_FEE
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…
$10 - CHEQUE_DISHONOUR_(INWARD)_FEE
Applies where a cheque paid into your account with us is dishonoured. The fee is debited to your account on the date of dishonour.
$12 - COUNTER_(CORPORATE)_CHEQUE_FEE
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…
$10 - DUPLICATE_STATEMENT_FEE
Payable for each duplicate paper copy of your monthly statement you request. Charged at the time of your request.
$5 - INTERIM_STATEMENT_FEE
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).
$2 - OVERSEAS_DEBIT_CARD_REPLACEMENT_FEE
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…
$120 - OVERSEAS_DEBIT_CARD_REPLACEMENT_FEE
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…
$120 - REAL_TIME_GROSS_SETTLEMENT_PAYMENT_FEE
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
$25 - STALE_CORPORATE_CHEQUE_FEE
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…
$30 - STOP_PAYMENT_FEE_ON_CORPORATE_CHEQUE
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…
$25
Other fees1
- OVERDRAWN_ACCOUNT_DEBIT_INTEREST
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…
$1 to $200
Features
Eligibility and limits
- Available to individuals
- Opening balance $1
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Published by Bank of us under the Consumer Data Right, last changed by them on 2 Nov 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.