This everyday account is for customers aged 25 and under. It does not charge any account keeping fees, and provides easy access to your money with unlimited EFTPOS transactions using the linked Visa Debit card, Internet and Phone banking. You can also make full use of the available mobile app, allowing you to manage your funds anywhere, anytime.
Regional Australia Bank eFree Account
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- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas transaction fee of transaction value
- 3.5%
Our verdict
Easily access your money and support the local community with this convenient everyday account.
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.
Pros
-
No monthly Access Fee
-
Unlimited electronic transactions
-
Up to 9 sub-accounts to help budget and save
-
Support a community group of your choice
Cons
-
Available for customers aged under 25 only
-
Limited branch network
Details
Key details
| Product Name | Regional Australia Bank eFree account - Discontinued |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0 |
| International ATM Fee | 3.5% |
| International transaction fee | 3.5% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | N/A |
Eligibility
| Minimum Age | 14 |
| Joint account availability | No |
| Minimum opening deposit | N/A |
Key features
Take advantage of the unlimited free EFTPOS transactions with the attached Visa Debit Card, along with free Internet and Phone banking. Customers who enjoy the freedom of managing their funds anywhere, anytime, can enjoy the convenience of a mobile banking app. Be aware that fees for overseas ATM withdrawals and international EFTPOS transactions do apply.
How to apply
Only customers aged 25 and under can open this account. However, once you have this account and turn 26 you can keep it open as long as you like. You also need to become a member of Regional Australia Bank in order to open an account. Do this by phoning the bank or visiting one of its branches. Alternatively, you can fill 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.Your reviews
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Alison Finder
Editorial Manager, Money
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