Spend Account
Spend Account
- Base rate
- 0.05%
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Variable | 0% | — | Spend Account_Tier_1 |
| Variable | 13.99% | — | Spend Account_Tier_2 |
Deposit Rates
| Type | Rate | Applies To | Interest Paid |
|---|---|---|---|
| Variable | 0.05% | — | monthly |
Fees
| Fee | Type | Amount |
|---|---|---|
EFTPOS_FEE
| Transaction | $0.50 |
| MEMBERSHIP_ADMIN_FEE Charged monthly
| Ongoing | $5.00 |
| PAPER_STAT_FEE Charged monthly
| Ongoing | $2.50 |
BANK@POST_WDL
| Transaction | $3.00 |
OVERSEAS_ATM_WDL
| Transaction | $3.50 |
| CARDREPLACEMENT | Event | $7.50 |
| CHARGEBACK_DISPUTE | Event |
Features
- Card access
- Visa Card
- Unlimited transactions
- Digital wallet
- Google, Apple Pay, Samsung Pay
- Digital banking
- PayID
- Real-time payments (NPP)
- Overdraft available
- Notifications
- Email, SMS
Eligibility
- Individuals only
- Residency statusAustralian Residents
Bundles
ESSENTIALS
Essentials - the account structure that works
Our Pay, Bills and Save structure encourages disciplined money management
More Information
Published by First Option Bank under the Consumer Data Right · Last updated 9 June 2026 · Product ID PAY_ACCOUNT · View on CDR.gov.au