The Finance Algorithm
At a glance
Base rate
0.00%
Monthly fee
$12.50
§ 01 — Rates · 4
TypeApplies toTermBandRateComparisonConditions
Variableup to $40.00%
Variableup to $5,0000.05%paid every 1 mo
Variable$4+13.99%
Variable$5,000+0.50%paid every 1 mo
§ 02 — Fees · 14
FeeTypeAmountWhenNotes
CARDREPLACEMENTEvent$7.50
CHARGEBACK_DISPUTEEvent$30
IBTEMPLIMITEvent$10
VISACOPYTRANVOUCHEREvent$30
VISAEMERGCANCELDENIEDEvent$50
VISAEMERGOVERSEASEvent$175
BUSINESSMBRSHIPPeriodic$10Every 1 moBusiness Membership fee
DORMANTPeriodic$75Every 1 yr
PAPER_STAT_FEEPeriodic$2.50Every 1 moPaper Statement Fee
BANK@POST_WDLTransaction$3Bank@Post withdrawal
EFTPOS_FEETransaction$0.50EFTPOS Transaction Exemptions
OVERSEAS_ATM_WDLTransaction$3.50Overseas ATM withdrawal
STAFF_ASSIST_FEETransaction$5Staff=assisted transfer fee
VISAOVERSEASCONVTransaction2.00% of transaction
§ 03 — Features
Instant paymentsPayIDDigital bankingOverdraftGoogle, Apple Pay, Samsung Pay
§ 04 — Eligibility & limits
  • · Minimum age 18
  • · Residency: Australian Residents
  • · Available to businesses

Published by First Option Bank under the Consumer Data Right, last changed by them on 11 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.