First Option BankSpecial Purpose
SPECIAL PURPOSE
Savings & transaction accountsBank updated 2 June 2026
At a glance
- Base rate
- 0.00%
- Monthly fee
- $5
Rates
Every rate First Option Bank publishes for this account, 3 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | - | 0.50% | - | paid every 1 mo |
| Variable | - | - | up to $4 | 0.00% | - | - |
| Variable | - | - | $4+ | 13.99% | - | - |
Fees
17 fees published, grouped by when they're charged.
While you hold it2
- DORMANT$75 a year
- MEMBERSHIP_ADMIN_FEE
Membership Admin Fee
$5 a month
When you make a transaction8
- BANK@POST_WDL
Bank@Post withdrawal
$3 - CHEQUE_FEE
Personal cheque fee
$2 - EFTPOS_FEE
EFTPOS Transaction Exemptions
$0.50 - OVERSEAS_ATM_WDL
Overseas ATM withdrawal
$3.50 - OVERSEAS_ATM_WDL
Overseas ATM withdrawal
$3.50 - STAFF_ASSIST_FEE
Staff=assisted transfer fee
$5 - STAFF_ASSIST_FEE
Staff=assisted transfer fee
$5 - VISAOVERSEASCONV2.00% of transaction
When particular things happen7
- CARDREPLACEMENT$7.50
- CHARGEBACK_DISPUTE$30
- CHARGEBACK_DISPUTE$30
- IBTEMPLIMIT$10
- VISACOPYTRANVOUCHER$30
- VISAEMERGCANCELDENIED$50
- VISAEMERGOVERSEAS$175
Features
Instant paymentsPayIDDigital banking
Eligibility and limits
- Residency: Australian Residents
- Available to individuals
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Published by First Option Bank under the Consumer Data Right, last changed by them on 2 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.