At a glance
- Base rate
- 0.05%
- Monthly fee
- $10
Rates
Every rate First Option Bank publishes for this account, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | up to $5,000 | 0.05% | - | paid every 1 mo |
| Variable | - | - | $5,000+ | 0.75% | - | paid every 1 mo |
Fees
15 fees published, grouped by when they're charged.
While you hold it4
- BUSINESSMBRSHIP
Business Membership fee
$10 a month - DORMANT$75 a year
- DORMANT$75 a year
- PAPER_STAT_FEE
Paper Statement Fee
$2.50 a month
When you make a transaction5
- BANK@POST_WDL
Bank@Post withdrawal
$3 - EFTPOS_FEE
EFTPOS Transaction Exemptions
$0.50 - OVERSEAS_ATM_WDL
Overseas ATM withdrawal
$3.50 - STAFF_ASSIST_FEE
Staff=assisted transfer fee
$5 - VISAOVERSEASCONV2.00% of transaction
When particular things happen6
- CARDREPLACEMENT$7.50
- CHARGEBACK_DISPUTE$30
- IBTEMPLIMIT$10
- VISACOPYTRANVOUCHER$30
- VISAEMERGCANCELDENIED$50
- VISAEMERGOVERSEAS$175
Features
Instant paymentsPayIDDigital banking
Eligibility and limits
- Minimum age 18
- Residency: Australian Residents
- Available to businesses
Compare it with others
Put this product through a calculator
Published by First Option Bank under the Consumer Data Right, last changed by them on 7 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.