This account is a straight-forward transaction account for everyday use, offering several money-management options and unlimited access to funds via internet, telephone and mobile-phone banking. This account also offers Apple Pay and Google Pay. BankVic’s range of financial products is exclusive to their members, who typically work in the police force and public, emergency and health sectors.
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BankVic Everyday Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $0
- Overseas transaction fee of transaction value
- 3.65%
Our verdict
This is an everyday account that facilitates hassle-free banking for no monthly fees and no required minimum balance.
This is a low-cost everyday account that offers easy access to your balance with no deposit conditions to meet. There’s no account keeping fees to worry about, and you can use all Big Four ATMs for free (this is true for all Australian debit cards).
You can link your account to Apple Pay or Google Pay to make contactless payments with your phone, which is something that not all banks offer just yet. Plus, BankVic is part of the New Payments Platform (NPP) which means you can transfer money instantly using Osko.
Pros
-
No minimum deposit is required when opening this account.
-
Incurs no management, monthly or annual fees.
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$0 overseas ATM withdrawal fee
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Unlimited access to funds via internet, telephone and mobile-phone banking.
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PayWave and chip enabled Visa debit card
Cons
-
3.65% Foreign transaction fee.
Details
Key details
| Product Name | BankVic Everyday Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International transaction fee | 3.65% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay |
Eligibility
| Minimum Age | 18 |
| Joint account availability | No |
| Minimum opening deposit | N/A |
| Residency status | Permanent Australian residents with an Australian address |
Your reviews
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Alison Finder
Editor
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Joel Marcelo
August 02, 2018
Hi there,
Thanks for leaving a question on finder.
BankVic’s Multipack S1 is an everyday account that facilitates hassle-free banking and is not a money transfer service. You may need to contact your buyer to send you the payment or contact Multipack directly from their website for further questions.
Cheers,
Joel
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