The Finance Algorithm
HUME BANK LIMITED

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Enjoy access to your money anytime, anywhere without sacrificing interest.

Savings & transaction accountsBank updated 1 June 2026
At a glance
Base rate
3.25%
§ 01 — Rates · 1
TypeApplies toTermBandRateComparisonConditions
Variable———3.25%—paid every 1 mo
§ 02 — Fees · 14
FeeTypeAmountWhenNotes
FEEFORCHQDeposit$20—Foreign currency cheque deposits - When you deposit a foreign currency cheque of under $5000 to your account
ARCHEvent$10—Archive search fee - Retrieval of account information - $50/per hour. Min $10
FEEBILLCOLLEvent$50—Bill for collection fee - Payable when you deposit a foreign currency cheque of $5000 or more
FEECHQSPECCLEvent$15—Special cheque clearance - Special request for priority clearance on a cheque deposited to your account
FEEDDDISEvent$15—Direct Debit dishonour fee - Insufficient cleared funds in your account
FEEDETRACEEvent$20—Transaction trace fee - Payable when you request the trace of a BPAY, NPP/Osko or anyother external transaction
FEEMANRETEvent$15—Manual return fee - direct debit - Payable each time you request us to manually return a direct debit payment without cancelling the direct debit arrangement
FEEPPALTEvent$5—Periodical payment alteration - Each additional alteration after a total of four consecutive alterations
FEERTGSEvent$20—Real Time Gross Settlement - Where you request a transaction to be processed via RTGS
FEESTATREQEvent$2—Statement request - A request to provide a copy statement or a statement on a passbook account $2 per page
FEETTAUDEvent$50—Telegraphic Transfer AUD - When you send money overseas in Australian Dollars
FEEDDHONTransaction$15—Direct Debit honour fee - Insufficient cleared funds in your account to meet debit request
FEETTTransaction$15—Telegraphic Transfer - When you send money overseas in a foreign currency online
FEEFORCASHWithdrawal1.00% of balance—Foreign Cash - When you purchase foreign cash. 1% of the order value in $AUD
§ 03 — Features
Instant paymentsPayIDDigital bankingFraud protectionUnlimited transactions
  • · No monthly account keeping fee
  • · No regular deposit requirements or withdrawal restrictions to earn interest
§ 04 — Eligibility & limits
  • · Minimum age 12
  • · Residency: Must be residing in Australia with an Australian residential mailing address
  • · Restricted to registered iBank users and requires registration for electronic statements with a valid email address.
  • · Minimum age 14 for new to bank customers applying online

Published by Hume Bank under the Consumer Data Right, last changed by them on 1 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.