The Finance Algorithm
BNK Bank (Goldfields Money/BCHL)

Goldfields Essential Account

An everyday transaction account for savvy savers.

Savings & transaction accountsBank updated 20 Apr 2026
At a glance
Base rate
0.00%
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
VariableThe interest rate applied to Essential and Team zone Accounts0.00%paid every 1 mo; The interest rate applied to existing transaction and team zone customer accounts; The interest rate applied to new transaction Accounts only
§ 02 — Fees · 9
FeeTypeAmountWhenNotes
Direct Debit Double Handling FeeEvent$5
Formal Overdraft Product Fee (Quarterly)Event$27.50
Payment DishonourEvent$25
VISA or EFT Chargeback RequestEvent$25
Direct Debit Facility DishonourPayment$25
Payment HonourPayment$20
RTGS/IPEX (incoming)Transaction$10
RTGS/IPEX (outgoing)Transaction$35
Overseas VISA debit card ATM withdrawalWithdrawal$5
§ 03 — Features
Digital bankingUnlimited transactionsApple PayGoogle Pay
  • · ATM withdrawals - There is an ATM daily limit of $1,000
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: An Australian citizen, permanent resident or Australian resident for tax purposes
  • · Available to individuals
  • · Have access to an electronic device with a working internet connection

Published by BNK Bank (Goldfields Money/BCHL) under the Consumer Data Right, last changed by them on 20 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.