BankSA
Concession Account
A basic, low-cost account for individuals who hold a Concession or Health Care card, receive an Australian Government benefit payment that makes you eligible to hold a card, or are a low or no income earner.
Savings & transaction accountsBank updated 10 June 2026
At a glance
- Monthly fee
- $0
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Penalty | — | — | — | 0.00% | — | The Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement. It will be calculated daily on the debit balance (and deducted… |
§ 02 — Fees · 7
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Frequent Statement | Event | No fee | — | — |
| Overdrawn Fee | Event | No fee | — | — |
| Periodical Payment | Payment | No fee | — | — |
| Account Keeping Fee | Periodic | No fee | Every 1 mo | — |
| Foreign Currency Conversion Fee | Transaction | 3.00% of transaction | — | Foreign currency conversion fee for transactions made in foreign currency, and the merchant or financial institution accepting the card is located outside Australia |
| Cash withdrawals Fee | Withdrawal | No fee | — | — |
| Overseas Withdrawal Fee | Withdrawal | $5 | — | The fee is Nil ($0) for cash withdrawals from Global ATM Alliance and Westpac Group partner ATMs. To find an overseas ATM visit the link below |
§ 03 — Features
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- · Fraud Money Back Guarantee: Customers may be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted us promptly
- · Digital Card - Boost your card security by using the dynamic CVV. Access your card details anytime, anywhere. Be assured that you will have uninterrupted access to your funds even if your card is los…
- · BankSA has an extensive branch network that provides the complete range of banking services to our customers.Our friendly staff are on hand to help you in any of our branches and over the phone
- · $0 dishonour & overdrawn fees : If you have insufficient funds in your account to cover the transaction amount or your account is overdrawn
- · Statements : We will send statement every 6 monthly, or more frequently on request
- · You can pay bills using BPAY
- · You can make direct debits and periodical payments
- · Gambling block requests : The gambling block is a feature available on Visa Debit Cards and Freedom Cards. On eligible cards, the feature is, by default, unblocked, unless otherwise requested by you.…
- · Electronic Statements : As an alternative to receiving paper statements in the mail, electronic statements and other important information on one or more of your eligible deposit accounts may be give…
- · We provide the following features : Periodical payments or regular transfers, Direct debits, Recurring payments
§ 04 — Eligibility & limits
- · Residency: Those with an Australian residential address and who are currently in Australia.
- · The Concession account is available to individuals who hold a Concession or Health Care card holder, receive an Australian Government benefit payment or be a low or no income earner.
- · The card must be linked to an eligible BankSA account
§ 05 — Compare
§ 06 — Run the numbers
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Published by BankSA under the Consumer Data Right, last changed by them on 10 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.