Simply Access Transaction Account
A transaction account with no monthly fee designed for easy transactions and access to your money for everyday spending.
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
The one rate Heritage publishes for this account.
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Variable | - | - | $1+ | 0.01% | - | paid every 3 mo |
Fees
29 fees published, grouped by when they're charged.
When you make a transaction14
- Periodical payment
To another Heritage account
No fee - Periodical payment
To another financial institution
$3 - Automatic Sweep$2
- Heritage Bank Cheque$10
- Manual transfer to another financial institution
Charged per manual transfer to another financial institution including People's Choice branded accounts.
$4 - Manual transfer to another Heritage Account$2.50
- Non-Heritage counter withdrawals$2.50
- Overseas ATM or counter withdrawals (Visa)$5
- Overseas Currency Conversion Fee
Applicable on Visa purchases or withdrawals made in any currency that is not Australian Dollars (AUD)
3.00% of transaction - Payroll Processing$0.50
- RTGS payment/transfer to your account$10
- Telegraphic transfer within Australia$30
- Telegraphic transfer
performed via Heritage Online or the Mobile Banking App
$15 - Telegraphic transfer
transfer to a country in accepted currency (for example, USD to the United States)
$30
When particular things happen14
- Business internet banking security token$50
- Card replacement - Emergency replacement card overseas$200
- Card replacement - express Delivery in Australia$25
- Card replacement - Standard$10
- Direct Debit Dishonour$10
- Document/Record search fee
For record searches, traces, supplying copy of details of transactions (including Visa card transaction slips) at your request on your account
$12 - Heritage Online Business internet Banking - Account Reconciliation$0.05
- Heritage Online Business internet Banking - Payroll and creditor batch payments - for each payment in a batch$0.05
- Inactive Account Administration Fee$20
- Overdraft Reference Fee$10
- SMS Services$0.25
- Statements
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
$1 - Telegraphic transfer
Sent in AUD to a country with different currency
$50 - Transaction listing
When a transaction listing between two given dates is issued on your account
$5
Other fees1
- Paper Based Statement Fee
Fee is charged for each paper statement issued as per your account statement cycle. Excludes eStatements which are free of charge.
$3
Features
- 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
Eligibility and limits
- Minimum balance $1
- Opening balance $1
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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.