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Which Australian banks offer basic bank accounts?

The ABA has identified the following basic bank accounts:

To download the printable version click here. (PDF 82.8KB)

Basic Bank Accounts

 

No account keeping fees

Free monthly statement

No minimum deposit amounts

Ability to set up and cancel direct debits

No overdrawn fees

Ability to access a debit card at no extra cost

Free and unlimited transactions (branch, telephone, Internet, EFTPOS and bank owned and networked ATMs across Australia)

To access these accounts, are customers required to meet any eligibility criteria?*

ANZ Access Basic

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Yes

Bank Australia like
 
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 Yes

Bank of Melbourne Concession Account

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Yes

Bank of SA Concession Account

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Yes

Bendigo Concession Account

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Yes

Citibank Plus

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No

Commonwealth Streamline Basic

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Yes

NAB Classic Banking

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No

St George Bank Concession Account

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Yes

Suncorp Bank Everyday Essentials Account

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Yes

Westpac Basic

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Yes


* Basic bank accounts are intended for customers who qualify for a concession card issued by the Government such as a Pensioner Concession Card, Health Care Card or Commonwealth Seniors Health Card. They are aimed at ensuring those on lower incomes have access to affordable banking services. If a bank requires a customer to hold a Concession Card or Health Care Card, they will typically require that income support or family assistance payments be paid into this account. However, some banks offer a free transaction account to all their customers (i.e. these accounts do not have eligibility criteria).

**Applies to half-yearly statements. Free monthly statements are available on request.

***Applies to quarterly statements. Free monthly statements are available on request.