This everyday transaction account offers low fees. Each year Regional Australia Bank will make a donation to a community group of your choice, to the value of 1% of your average annual account balance.
Regional Australia Bank Community Partnership Account
- Fee Free Deposit
- $5,000
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $0
Our verdict
An everyday account that support a community organisation of your choice.
This everyday account allows you to manage your day-to-day spending and transactions while also supporting your local community.
Via the Community partnership program, a percentage of the bank's profits are donated to a community program or organisation of your choice - and it doesn't cost you anything extra.
Pros
-
No account keeping fee
-
No minimum balance required
-
Overdraft available
-
Support a community group of your choice
Cons
-
Lack of branches available
-
Must become a member of Regional Australia Bank
Details
Key details
| Product Name | Regional Australia Bank Community Partnership Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | N/A |
| International transaction fee | 3% |
| Monthly deposit required to waive account fee | $5,000 |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay |
Eligibility
| Minimum Age | 18 |
| Joint account availability | No |
| Minimum opening deposit | N/A |
Key features
No account keeping fee
This account doesn't charge any monthly account keeping fees, and you're not required to maintain a minimum balance.
Internet and mobile banking
Unlimited, 24/7 access to your account via Internat and mobile banking.
Community partnership program
This account supports the bank's community partnership program. When you open the account, you can then select a participating organisation to support from a list of over 2,200 registered causes including community groups and charities.
A percentage of the bank's profits from customers account will then go towards these organisations - at no extra cost to you.
Visa Debit Card
This account comes with a free Visa Debit Card which you can use all over the world wherever Visa is accepted.
How to apply
You need to become a member of Regional Australia Bank in order to open an account. You can do this by filling in an enquiry form on Regional Australia Bank's website and a member of their team will get in touch to help you open an account.
Alternatively, you can phone the bank or visit one of its branches.
You must be an Australian resident with an Australian residential address and over the age of 12.
Sources
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Alison Finder
Editorial Manager, Money
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