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Australians who have been issued a Commonwealth Government Health Concession card or Senior’s card can make their banking requirements simpler with the Bank of Melbourne Concession Transaction Bank Account. This account has been specially designed with no account keeping fees, low transaction fees and easy accessibility in order to help manage your money easily.
$0
Account keeping fee
$0
ATM withdrawal fee
$5
Overseas ATM withdrawal fee
3%
Overseas transaction fee
of transaction value
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Product Name | Bank of Melbourne Concession |
---|---|
Monthly account fee | $0 |
Card access | Visa |
ATM Withdrawal Fee | $0 |
Internatonal ATM Fee | $5 |
International transaction fee | 3% |
Monthly deposit required to waive account fee | N/A |
Contactless Payments | Google Pay, Apple Pay, Samsung Pay |
Review by
Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
This is an everyday bank account for concession card holders with no monthly account keeping fees and no deposit conditions to meet. To be eligible for this account you need to have a Commonwealth Government Health Concession Card or a Senior's Card.
You’ll pay no ATM withdrawals fees at all Westpac Group ATMs (including Bank of Melbourne, BankSA and St.George) as well as ANZ, NAB and CommBank ATMs in Australia. You can also access 50,000+ ATMs overseas for free through the Global ATM Alliance. However, ATMs outside of the network will attract a withdrawal fee, so check the ATM screen before going through with the withdrawal to see if a fee will be charged.
If you’re not a concession card holder, you can take a look at the Bank of Melbourne Complete Freedom Transaction Account instead. It’s got most of the same benefits and features as this account, although there is a monthly deposit condition to meet in order to avoid the monthly fee.