Why a Basic account?

Simplify your life and get back to basics with our Basic account.

Reduced fees

And no monthly account fee

Spend smarter

Loaded with clever new banking tech that shows you where your money goes

Pay your way

With ApplePay, Google Pay™, Samsung Pay and more

No ATM fees

When using one of 10,000 major bank ATMs in Australia

Your new easier, friendlier, better app is now available to download.

Earn up to 4.75% p.a. variable interest1

Pair your Basic transaction account with a Bonus Saver account and earn up to 4.75% pa variable interest on balances up to $500,000 to really boost your savings. Here's how:

What fees are associated with a Basic account?

Fees for everyday use
Monthly account fee$0
ATM withdrawals A fee may be charged by the operator of the ATM$0
BPAY transactions$0
Direct Debit transactions$0
eftpos transactions$0
Internet Banking transfers$0
Other fees
Cash advance$0
Deposits via Bank@Post™$0
Withdrawals via Bank@Post™$0
Foreign currency conversion Percentage of the transaction amount3.25%
Direct Debit Dishonour / BPay RejectExempt
Overdrawn FeeExempt

Other fees and charges may apply. For more detailed information about the Basic account please see terms and conditions.

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1 Interest calculated daily, paid monthly and interest rates subject to change from time to time. Bonus interest applies when eligibility criteria met. Bonus interest is payable only on balances up to $500,000. The base rate of interest will be paid on the portion of any balance exceeding $500,000. Current interest rates are available in interest rates for personal deposit accounts.

Eligible deposits to Bonus Saver account include: Transfers between your accounts, direct credits, NPP transactions, cash deposits, SWIFT payments and Telegraphic Transfers (TT).

Ineligible deposits to Bonus Saver account include: Bank@Post deposits or transfers, cheques, money orders, travellers cheques, international drafts and foreign currency. Interest credit, fee refunds or returned payments are also ineligible.

Eligible Visa transactions must be settled in the current month (not pending) and include; eftpos transactions and eftpos transactions with cash out, online purchases and in store purchases, regular card payments, payWave, Apple Pay, Google Pay, Samsung Pay, and Garmin Pay transactions.

The following card transactions are ineligible: eftpos cash out only transactions, Local and International ATM withdrawals, transfers or balance enquiries, Cash Advances and Pending Card Transactions. The term ‘Settled (not pending)’ means for any purchases made on your card, that the transaction must be fully processed to your account during the current month and not have a pending status at the end of the month. Transactions with a pending status at month end do not count towards your 5 eligible Visa transactions however will count towards eligible transactions in the following month when they settle.


Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC. Samsung Pay is a trademark or registered trademark of Samsung Electronics Co., Ltd. Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries.