bcu
Concession Account
A low-cost transaction account designed specifically for eligible Commonwealth Government concession card holders.
Savings & transaction accountsBank updated 23 Sept 2026
At a glance
- Base rate
- 0.00%
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | — | 0.00% | — | paid every 1 mo; Rate available to existing customers.; Rate available for new accounts.; Rate available to new customers. |
§ 02 — Fees · 18
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Foreign Cheque Deposit <$25,000 Fee | Deposit | $10 | — | $10 fee for foreign cheque deposits up to $25,000 AUD. Eligible members can deposit foreign cheques in branch. |
| Foreign Cheque Deposit $25,000+ Fee | Deposit | $60 | — | $60 fee for foreign cheque deposits of $25,000 AUD or more. Eligible members can deposit foreign cheques in branch. |
| Audit Certificate Fee | Event | No fee | — | Charged per audit certificate request. |
| Bank Cheque Fee | Event | No fee | — | Per bank cheque requested by you. |
| Cash Passport Fee | Event | $10 | — | For the initial activation and each currency top-up requested in branch. |
| Visa Chargeback Request Fee | Event | $25 | — | When a cardholder raises a dispute relating to a card transaction. |
| Card Replacement - Standard Fee | Replacement | $10 | — | For the replacement of a lost or damaged Visa Debit card. |
| Card Replacement - Urgent Fee | Replacement | $50 | — | For the urgent replacement of a lost or damaged Visa Debit card. |
| Declined Emergency Visa Card Fee | Replacement | $70 | — | If your request for a temporary emergency Visa Debit or Credit card to temporarily replace a lost or stolen Visa Debit or Credit card is declined. |
| Emergency Card Replacement - Approved Fee | Replacement | $320 | — | For the issue of a temporary emergency Visa Debit card, to temporarily replace a lost, stolen or damaged Visa Debit card. |
| Statement Retrieval Fee | Replacement | No fee | — | Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement. |
| Coin/Note Handling Fee | Transaction | Varies | — | Coin and note deposits are available at BCU branches. Coin deposits must be counted and bagged by customers or you will be charged 5% of the coin amount. Note deposits more than $10,000 per day will… |
| International Transfer Fee | Transaction | $15 | — | Per online banking transfer sent in a foreign currency. |
| Manual Trace Fee | Transaction | No fee | — | Per direct entry trace and recall request. |
| Overseas Telegraphic Transfer | Transaction | $45 | — | $45 per staff assisted telegraphic transfer sent in AUD currency. $30 per staff assisted telegraphic transfer sent in a foreign currency. |
| RTGS From Another Bank | Transaction | No fee | — | Per payment received into your account. To cover the cost of processing 'SWIFT' payments from overseas and same day local payments through 'RTGS' (Real Time Gross Settlement) systems. |
| RTGS To Another Bank | Transaction | No fee | — | Per payment sent from your account. To cover the cost of processing 'SWIFT' payments as same day local payments through 'RTGS' (Real Time Gross Settlement) systems. |
| Visa Foreign Currency Conversion Fee | Transaction | No fee | — | 3% of the transaction value in AUD. When you use your Visa Credit or Debit card in a foreign currency either online or at a merchant point of sale outside or in Australia. Please refer to our website… |
§ 03 — Features
Instant paymentsPayIDDigital bankingFraud protectionUnlimited transactionsApple Pay, Google Pay & Samsung Pay
- · Eligible members can deposit foreign cheques in branch. $10 fee for foreign cheque deposits up to $25,000 AUD and $60 fee for foreign cheque deposits over $25,000 AUD. Please contact us on 1300 228 2…
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: You must be an Australian citizen and/or resident or a non-resident with a qualifying visa evidencing 12 months or longer residency. A valid Australian address is required to open an account. Membership eligibility applies.
- · Available to individuals
- · Available to eligible Commonwealth Government concession card holders. Commonwealth Seniors Health Card, Pensioner Concession Card, Health Care Card or Department of Veterans Affairs (DVA) .
- · You must be or become a BCU Bank member
§ 05 — Compare
§ 06 — Run the numbers
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Published by BCU Bank under the Consumer Data Right, last changed by them on 23 Sept 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.