This account is designed to make managing your daily finances as simple and hassle-free as possible. To be eligible for this account you must receive a full pension from the Department of Family and Community Services or Department of Veterans' Affairs. You must also have you entire pension credited to this account. The eligible pensions are Age pension, Wife pension, Widow pension, Disabilities Support pension, Carer Payment pension, Service pension and Income Support Supplement.
It comes packed with features:
- no account keeping fees
- 24/7 access via internet and phone banking
- rediCard – for ATM and EFTPOS access to your funds
- Visa debit card – to pay bills and purchase in person or online
- direct debit facility
- over the counter transactions, including deposits at National Australia Bank and Bank@PostTM
- direct depositing of your pay or other income
- a sweep facility to automatically transfer funds from another account if needed to cover a shortfall
- overdraft facility for extra funds
- electronic deposits.
Current fees and charges apply till 1st December 2010.