P&N BankMomentum Account
A transaction account for customers aged 55 and over, with easy access to funds and variable stepped interest.
At a glance
- Base rate
- 0.30%
- Monthly fee
- $10
Rates
Every rate P&N Bank publishes for this account, 4 in all.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | up to $10,000 | 0.30% | - | paid every 1 mo; Rate available to existing customers.; Rate available for new accounts.; Rate available to new customers. |
| Variable | - | - | $10,000–$50,000 | 1.85% | - | paid every 1 mo; Rate available to existing customers.; Rate available to new accounts.; Rate available to new customers. |
| Variable | - | - | $100,000+ | 2.70% | - | paid every 1 mo; Rate available for existing customer.; Rate available for new accounts.; Rate available for new customer. |
| Variable | - | - | $50,000–$100,000 | 2.35% | - | paid every 1 mo; Rate available for existing customer.; Rate available for new accounts.; Rate available for new customer. |
Rate changes
3 changes logged, newest first.
| Date | Rate | Was | Now | Change |
|---|---|---|---|---|
| 21 Oct 2026 | Variable, $10,000–$50,000 | 1.60% | 1.85% | up 0.25 |
| 21 Oct 2026 | Variable, $100,000+ | 2.45% | 2.70% | up 0.25 |
| 21 Oct 2026 | Variable, $50,000–$100,000 | 2.10% | 2.35% | up 0.25 |
Each change is logged the night it appears in the rates P&N Bank publishes. See how every lender answered the RBA on the rate tracker.
Fees
25 fees published, grouped by when they're charged.
While you hold it1
- Overdrawn Account Management Fee
A fee applied in relation to any month where we allow the approved credit limit on your account to be exceeded by more than $50 or, if your account does not have an approved credit limit, if we allow… On a fee for maintaining a set balance
$10 a month
When you make a transaction11
- Foreign Cheque Deposit <$25,000 Fee
$10 fee for foreign cheque deposits up to $25,000 AUD. Eligible members can deposit foreign cheques in branch.
$10 - Foreign Cheque Deposit $25,000+ Fee
$60 fee for foreign cheque deposits of $25,000 AUD or more. Eligible members can deposit foreign cheques in branch.
$60 - Bank@Post Withdrawal Fee
Fee for Bank@Post cash withdrawal at participating Australia Post offices.
$3 - Cash Handling Fee
Coin and note deposits are available at P&N branches. Coin deposits must be counted and bagged by customers or you will be charged 5% of the coin amount. Note deposits more than $10,000 per day will…
Varies - External Auto Transfer Fee
Staff assisted creation of a recurring auto transfer payment to another organisation. Charged per payment.
$3 - International Transfer Fee
Per online banking transfer sent in a foreign currency.
$15 - Manual External Transfer Fee
Staff assisted manual transfer to another organisation. Charged per transfer.
$2.50 - Manual Trace Fee
Manual Trace Fee.
$40 - Overseas Telegraphic Transfer Fee
$45 per staff assisted telegraphic transfer sent in AUD currency. $30 per staff assisted telegraphic transfer sent in a foreign currency.
$45 - RTGS From Another Bank
Per payment received into your account. To cover the cost of processing 'SWIFT' payments from overseas and same day local payments through 'RTGS' (Real Time Gross Settlement) systems.
$8 - Visa Foreign Currency Conversion
3% of the transaction value in AUD. When you use your Visa Credit or Debit card in a foreign currency either online or at a merchant point of sale outside or in Australia. Please refer to our website…
No fee
If a payment is late or fails1
- Dishonour Fee
Where a direct debit is dishonoured due to insufficient funds.
$6
When particular things happen12
- Audit Certificate Fee
Charged per audit certificate request.
$30 - Auto Transfer Dishonour Fee
Charged where there are insufficient funds in your account when an external auto transfer or BPAY payment is due to be made.
$6 - Bank Cheque Fee
Per bank cheque requested by you.
$10 - Cash Passport Fee
For the initial activation and each currency top-up requested in branch.
$10 - Referral Fee
Where an account has insufficient available funds to cover an auto transfer or direct debit transaction, and the transaction is honoured by P&N Bank.
$3.50 - RTGS To Another Bank
Per payment sent from your account. To cover the cost of processing 'SWIFT' payments as same day local payments through 'RTGS' (Real Time Gross Settlement) systems.
$25 - Visa Chargeback Request Fee
When a cardholder raises a dispute relating to a card transaction.
$25 - Card Replacement - Standard Fee
For the replacement of a lost or damaged Visa Debit card.
$10 - Card Replacement - Urgent Fee
For the urgent replacement of a lost or damaged Visa Debit card.
$50 - Declined Emergency Visa Card Fee
If your request for a temporary emergency Visa Debit or Credit card to temporarily replace a lost or stolen Visa Debit or Credit card is declined.
$70 - Emergency Card Replacement - Approved Fee
For the issue of a temporary emergency Visa Debit card, to temporarily replace a lost, stolen or damaged Visa Debit card.
$320 - Statement Retrieval Fee
Fee applies for statements over 12 months old. Payable on request to issue a copy of a previously issued statement.
$2.50
Features
- Eligible customers can deposit foreign cheques in branch. $10 fee for foreign cheque deposits up to $25,000 AUD and $60 fee for foreign cheque deposits over $25,000 AUD. Please contact us on 13 25 77…
Eligibility and limits
- Minimum age 55
- Residency: You must be an Australian citizen and/or resident or a non-resident with a qualifying visa evidencing 12 months or longer residency. A valid Australian address is required to open an account. Membership eligibility applies.
- Available to individuals
- Customers may hold up to a total of 3 Momentum Account accounts under single or joint names.
- You must be or become a P&N Bank customer.
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Published by P&N Bank under the Consumer Data Right, last changed by them on 21 Oct 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.