Heritage
Simply Access Transaction Account
A transaction account with no monthly fee designed for easy transactions and access to your money for everyday spending.
Savings & transaction accountsBank updated 16 Sept 2026
At a glance
- Base rate
- 0.01%
§ 01 — Rates · 1
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | — | — | $1+ | 0.01% | — | paid every 3 mo |
§ 02 — Fees · 29
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Business internet banking security token | Event | $50 | — | — |
| Card replacement - Emergency replacement card overseas | Event | $200 | — | — |
| Card replacement - express Delivery in Australia | Event | $25 | — | — |
| Card replacement - Standard | Event | $10 | — | — |
| Direct Debit Dishonour | Event | $10 | — | — |
| Document/Record search fee | Event | $12 | — | For record searches, traces, supplying copy of details of transactions (including Visa card transaction slips) at your request on your account |
| Heritage Online Business internet Banking - Account Reconciliation | Event | $0.05 | — | — |
| Heritage Online Business internet Banking - Payroll and creditor batch payments - for each payment in a batch | Event | $0.05 | — | — |
| Inactive Account Administration Fee | Event | $20 | — | — |
| Overdraft Reference Fee | Event | $10 | — | — |
| SMS Services | Event | $0.25 | — | — |
| Statements | Event | $1 | — | For the second and subsequent statement issued during a month, or when a statement is issued on your account at your request at any time before the next statement issuing due date |
| Telegraphic transfer | Event | $50 | — | Sent in AUD to a country with different currency |
| Transaction listing | Event | $5 | — | When a transaction listing between two given dates is issued on your account |
| Paper Based Statement Fee | Other | $3 | — | Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge. |
| Periodical payment | Payment | No fee | — | To another Heritage account |
| Periodical payment | Payment | $3 | — | To another financial institution |
| Automatic Sweep | Transaction | $2 | — | — |
| Heritage Bank Cheque | Transaction | $10 | — | — |
| Manual transfer to another financial institution | Transaction | $4 | — | Charged per manual transfer to another financial institution including People's Choice branded accounts. |
| Manual transfer to another Heritage Account | Transaction | $2.50 | — | — |
| Non-Heritage counter withdrawals | Transaction | $2.50 | — | — |
| Overseas ATM or counter withdrawals (Visa) | Transaction | $5 | — | — |
| Overseas Currency Conversion Fee | Transaction | 3.00% of transaction | — | Applicable on Visa purchases or withdrawals made in any currency that is not Australian Dollars (AUD) |
| Payroll Processing | Transaction | $0.50 | — | — |
| RTGS payment/transfer to your account | Transaction | $10 | — | — |
| Telegraphic transfer within Australia | Transaction | $30 | — | — |
| Telegraphic transfer | Transaction | $15 | — | performed via Heritage Online or the Mobile Banking App |
| Telegraphic transfer | Transaction | $30 | — | transfer to a country in accepted currency (for example, USD to the United States) |
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactionsGoogle Pay, Samsung Pay, Garmin Pay, Apple PayHeritage Credits
- · Bank@Post facility available. Minimum deposit of $20, maximum deposit of $8,000, minimum withdrawal of $20, maximum withdrawal of $2,000.
- · Electronic or Physical statements provided
- · Scheduled, periodic payments available
- · Direct debit facility available
- · Support for BPAY available
- · Sweep facility available
- · Visa emergency services available
- · SMS Services
- · $0 monthly account keeping fee
- · Backed by the Government Deposit Guarantee for deposits up to $250,000
§ 04 — Eligibility & limits
- · Minimum balance $1
- · Opening balance $1
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by People First and Heritage Bank under the Consumer Data Right, last changed by them on 16 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.