The Finance Algorithm
Summerland

Community First

An easy to use transaction account with no monthly fee for those operating a not for profit organisation or charity.

Savings & transaction accountsBank updated 28 June 2026
At a glance
Pricing
Rates on application
§ 02 — Fees · 5
FeeTypeAmountWhenNotes
Cheques included in depositsDeposit$0.5020 FREE per month.
Dishonour FeeEvent$15
Honour FeeEvent$20
QuickDebit Dishonour FeeEvent$15
Staff assisted transactionWithdrawal$2Business and Community staff assisted transactions include in-branch deposit, branch withdrawal, business express deposit, cheque withdrawal, cheque encashment, one-off internal funds transfer, one-o…
§ 03 — Features
Instant paymentsPayIDDigital bankingUnlimited transactions
  • · Save on paper, receive and view your statements online with eStatements.
  • · Simplify your bookkeeping with direct transaction feeds.
§ 04 — Eligibility & limits
  • · Residency: A Permanent Australian Resident including those working overseas. Entities must be a Permanent Resident of Australia,
  • · Only a not for profit organisation or charity can apply for this product.

Published by Summerland Bank under the Consumer Data Right, last changed by them on 28 June 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.