In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert
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Heritage Bank Body Corporate

Heritage Bank Body Corporate

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Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$5
Overseas transaction fee of transaction value
3%

Summary

With Heritage Bank, body corporate organisations and managers can choose whether they want to earn interest with their banking account or if they prefer to pay no fees.

The Body Corporate from Heritage Bank is two separate accounts that offer the same features under different designs. The Body Corporate Account acts as a transaction account yet still earns interest, while the Body Corporate Special Account provides you with lower fees but no interest boost. Individual body corporate organisations decide which works best for their circumstance.

Pros

  • No monthly account keeping fee
  • Phone and online banking available
  • Two accounts available

Cons

  • Some charges apply to the Body Corporate account

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask an expert

Details

Key details

Product Name Heritage Bank Body Corporate
Monthly account fee $0
Card access Visa
Own network ATM fee $0
International ATM Fee $5 + 3%
International transaction fee 3%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Eligibility

Minimum Age 18
Joint account availability No
Minimum opening deposit $1

Key features

Picture not described

Availability

In order to be eligible for either of these accounts you must be a body corporate for a community titles scheme in Queensland.

Balance requirements

In order for the account to remain active you must maintain a balance of at least one dollar.


How to apply

Eligibility

If the Body Corporate has what your Body Corporate organisation needs to manage its finances, you can apply online. In addition to the above mentioned eligibility conditions, you should also make sure that you are able to meet the following:

  • Minimum age. While no minimum age requirement is stipulated, you must be a body corporate for a community titles scheme in Queensland.
  • Residency requirements. Permanent residents and citizens of Australia are eligible to apply. Also keep in mind that your body corporate must be registered in Queensland.

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