LCUEveryday Transaction Account
Everyday transaction account with Visa Debit Card
Savings & transaction accountsBank updated 6 July 2026
At a glance
- Base rate
- 0.01%
How it compares
This account in ink, against the best that every other institution publishes for anyone to apply for. Each figure is counted the same way for all of them.
| Rate | This account | Best anywhere | Typical institution | Where it sits |
|---|---|---|---|---|
| No bonus conditionsPaid whatever you deposit or spend | 0.01% | 4.80%MoveBank's Online Saver | 2.25%of 61 institutions | 57th highest of 61, level with 4 others |
Rates
Every rate LCU publishes for this account, 2 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | - | 15.90% | - | - |
| Variable | - | - | - | 0.01% | - | paid every 6 mo |
Features
Instant paymentsPayIDDigital bankingOverdraftApple Pay AvailableGoogle Pay Available
- Sub accounts - For budgeting purposes, separate your funds into multiple accounts
- BPAYView - Receive your bills directly to your internet banking and pay with one click
- Sweep Facility - Automatically move funds between your accounts based on a minimum or maximum balance to be maintained on the specified account
- Government Guarantee - Under the FCS certain deposits are protected up to a limit of $250,000 for each account holder at any bank, building society, credit union or other authorised deposit-taking in…
- Receive international payment to your account through Western Union. No fee for sender or receiver.
- Send International Payments self serve through your internet banking or staff assisted
- International exchange on foreign cheques and cash
- International purchase foreign draft
- International purchase foreign cash
- International Prepaid MasterCard Cash Passport
- Overdrawn accounts (with a balance below $0.00) will be charged the current lending rate applicable to the account. See Lending Rates above.
- Free LCU counter cheque - order a counter cheque online or in person at no cost.
Eligibility and limits
- Residency: If not an Australian resident, you must complete a Tax Residency Declaration
- Available to individuals
- Must be a shareholder owning a $10 share. Each shareholder holds an equal share regardless of their balance. Shareholders have a say in how we are run. "Own your Bank". $10 share is refunded if you c…
- To be eligible to join you must be at least 8 years of age and referred by a family member or friend who already has an account with LCU. Alternatively you may be eligible to join if you: work or liv…
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Published by Laboratories Credit Union under the Consumer Data Right, last changed by them on 6 July 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.