Pension Access
A flexible transaction account for those on an aged, veterans or disability pension.
- Base rate
- 1.9%
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable Interest rate is variable, calculated daily on whole of balance within each interest tier and credited quarterly. · Rate applies for amounts between $0.01 and $4999.99 | 0.75% | $0.01 to $4,999.99 | every 3 months |
| Variable Interest rate is variable, calculated daily on whole of balance within each interest tier and credited quarterly. | 1.65% | $5,000 to $50,000.99 | every 3 months |
| Variable Interest rate is variable, calculated daily on whole of balance within each interest tier and credited quarterly. | 1.9% | $50,001 and over | every 3 months |
Fees
| Fee | Type | Amount |
|---|---|---|
| International transaction fee (ITF) When you undertake an International transaction on a Bank Australia Visa Debit Card you will be charged the fee. An International transaction is any purchase, withdrawal or credit in a currency other than Australian Dollars or where the merchant or financial institution accepting the transaction is outside of Australia or where there is a currency conversion. | Transaction | 3% of transaction |
| Visa emergency card/cash overseas fee A fee charged when you need an emergency replacement card or cash delivered to you on an urgent basis to an address overseas. | Event | $175.00 |
| SMS alert fee This fee is charged when you elect to receive notifications about your account via SMS messages to a mobile telephone number you have given us for contacting you. The cost is per SMS. | Event | $0.25 |
| Inwards Payment fee International money transfer from overseas (other fees may be charged by participating banks involved in the transaction or settlement). The cost is per transaction. | Deposit | $0.00 |
| Dishonour Fee A fee charged where a debit presented to us is dishonoured because there aren't enough available funds in your account. | Dishonour | $0.00 |
Features
- Bill payment (BPAY) — BPAY
- You can pay bills with the BPAY logo via Bank Australia App or Internet Banking.
- Card access — Visa Debit Card
- Use instore, online and withdraw local currency at millions of locations, everywhere Visa is accepted. Cards are enabled to support diverse needs with raised bumps on the left hand-side on the front face of the card.
- Digital banking
- You can self-serve your day-to-day banking needs via Bank Australia's App or Internet Banking.
- Digital wallet — Google, Samsung and Apple Pay available
- Leave your wallet behind and pay for the things you need with Google Pay/ Samsung Pay/ Apple Pay.
- Notifications — Card and Account Notifications
- Notifications can be enabled in the App or through Internet Banking, allowing you to be alerted either by email, sms or through the App about your card/account activity.
Eligibility
- Minimum age — 18 years18+ years
- Individuals onlyNatural Person or In trust for a Natural Person
- Only one Pension Access account is allowed per customer, solely or jointly owned
- Personal, Joint and Trust
- Pension recipientsAvailable to customers who are in receipt of an aged, disability or veteran government pension.
- Residency status — AUMust be an Australian citizen, permanent resident or have a valid Visa.
More Information
Published by Bank Australia under the Consumer Data Right · Last updated 24 June 2026 · Product ID 21c92bb6-21ed-427a-9e1e-2b10a38532cf · View on CDR.gov.au · View Source Data (JSON)