The Finance Algorithm
IMB Bank

DIY Super Account

A low cost, highly flexible investment and transaction account wrapped into one simple solution. For registered self managed super funds.

Savings & transaction accountsBank updated 22 Sept 2026
At a glance
Base rate
0.00%
§ 01 — Rates · 2
TypeApplies toTermBandRateComparisonConditions
Variableup to $4,9990.00%paid every 1 mo
Variable$5,000+2.65%paid every 1 mo
§ 02 — Fees · 48
FeeTypeAmountWhenNotes
Bulk coin countDeposit$5Maximum charge
Foreign cheque conversion (value AU$10,000 and greater)Deposit$50Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties
Foreign cheque conversion (value less than AU$10,000)Deposit$25Minimum charge, subject to additional fees and charges. Charges either wholly or partly imposed by third parties
Manual deposit other institutionDeposit$10
Other facilities - Cheque depositDeposit$0.75Fee applies to each account that a cheque is deposited into. If a cheque deposit is split across multiple accounts, the fee is applied to each account separately.
Over the counter - cash depositDeposit$0.50
Over the counter - Cheque depositDeposit$0.75Fee applies to each account that a cheque is deposited into. If a cheque deposit is split across multiple accounts, the fee is applied to each account separately.
Audit CertificateEvent$30Per certificate
BPAY payment returnEvent$5
Copy of Financial Institution chequeEvent$16Maximum charge. Charges either wholly or partly imposed by third parties.
Copy of personal chequeEvent$15
Copy of withdrawal or deposit formEvent$15
Default feeEvent$25When your savings account is overdrawn for 20 days, a Default fee will be debited from your account on the 20th day and a further Default fee debited each month thereafter while your account remains…
Default Notice feeEvent$30A Default Notice fee of $30 will be debited from your deposit account or Personal Credit Line facility, where you are in breach of the PDS and/or the schedule and IMB issues a notice to you demanding…
Interest statement - ElectronicEvent$2.50Per page
Recalculation of interestEvent$30Per page
Rejected post-dated BPAYEvent$5
Research feeEvent$30Per page
Retrieval of archived documentsEvent$20Per page
SMS AlertsEvent$0.25Per alert
Special clearance on chequesEvent$16Maximum charge. Charges either wholly or partly imposed by third parties.
Stop payment fee (IMB cheques)Event$12.50Maximum charge. Charges either wholly or partly imposed by third parties.
Stop payment personal chequeEvent$15
Trace on Electronic Debit/CreditEvent$20
Trace on Financial Institution chequeEvent$50Charges either wholly or partly imposed by third parties.
Trace on personal chequeEvent$50Charges either wholly or partly imposed by third parties.
Transaction Listing - Electronic - 10 pages and overEvent$0.50Per page
Transaction Listing - Electronic - up to 10 pagesEvent$5
Transfers between accounts to cover overdrawn balanceEvent$15
Unclaimed monies/dormant accountEvent$40Maximum charge per account
Australia Post - Bank@Post deposit, enquiry & failed transactionsTransaction$4.50Service availablility is at the discretion of the Australia post outlet
Phone Banking - Operator Assisted - All other financial transactionsTransaction$0.50Excludes phone enquiry, Cheque withdrawal/cheque bill payment.
Australia Post - Bank@Post withdrawal transactionWithdrawal$4.50Service availablility is at the discretion of the Australia post outlet
Other facilities - Direct debit by another institution or entityWithdrawal$0.50
Other facilities - Personal cheque withdrawalWithdrawal$1Per cheque
Other facilities - Scheduled cheque withdrawalWithdrawal$6Per cheque
Other facilities - Scheduled electronic withdrawalWithdrawal$0.50
Over the counter - BPAYWithdrawal$0.50
Over the counter - Branch cash withdrawalWithdrawal$1
Over the counter - Cheque bill paymentsWithdrawal$6Per cheque
Over the counter - Purchase Financial Institution ChequeWithdrawal$6Per cheque
Over the counter - Scheduled direct credit to another financial institutionWithdrawal$0.50
Over the counter - Single direct credit to another financial institutionWithdrawal$0.50
Over the counter - Transfer to an IMB accountWithdrawal$0.50
Phone Banking - Operator Assisted – Cheque bill paymentsWithdrawal$6Per cheque
Phone Banking - Operator Assisted – Purchase Financial Institution ChequeWithdrawal$6Per cheque
Purchase of foreign currencyWithdrawal1.00% of transaction$10 or 1% of the value of the total order (whichever is greater).
Total cash withdrawal over $2,000 in a dayWithdrawal0.20% of transactionA fee of 0.2% of total cash withdrawals is charged for total cash withdrawals over $2000 in a day.
§ 03 — Features
Instant paymentsPayIDDigital bankingFraud protection
  • · Direct debit is available on this account type.
  • · Direct Credit is available on this account type.
  • · Schedule Electronic Funds Transfers or Periodic Payments via internet banking, in branch or telephone banking
  • · Make and receive Electronic Funds Transfers (EFT) from this account type.
  • · IMB boasts an extensive branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne.
  • · IMB's Phone Banking Service gives you 24 hour access to your accounts from any touchphone.
  • · IMB consultants are available Monday to Friday 8am - 8pm and Saturday 9am - 4pm
  • · As of 1 June 2021, IMB will not offer a cheque facility to customers that become Members on or after that date, or to existing Members who have not been issued a cheque facility before that date
  • · PayTo is available on this account type.
§ 04 — Eligibility & limits
  • · Available to businesses
  • · Opening balance $1

Published by IMB Bank under the Consumer Data Right, last changed by them on 22 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.