If you hold a senior’s card or Commonwealth Government Health Concession card, BankSA has an everyday banking account that takes your needs into consideration. Pay no monthly fees, yet still benefit from total access to your money in a variety of ways. This includes a Visa debit card which permits you to make purchases and withdrawals wherever Visa is normally accepted.
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BankSA Concession Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $5
- Overseas transaction fee of transaction value
- 3%
Our verdict
Australian concession card holders can take advantage of a low cost, easy-to-manage account structured purposely to meet their needs
This account has all the same features and benefits of the BankSA Complete Freedom Account, except there’s no monthly account keeping fee and no ongoing balance requirements or deposit conditions to meet.
There are strict eligibility requirements, though, so this account isn’t available to all customers. To be eligible for this account you need to be a concession card holder with a senior’s card or a Commonwealth Government Health Concession Card.
If you’re a full-time student, you'll get the monthly account fee waived with the BankSA Complete Freedom Account.
Pros
-
Free staff assistance in branch and over telephone
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$$0 service maintenance fee per month.
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Free banking withdrawals everyday at BankSA.
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Internet and phone banking transactions are free.
Cons
-
There is a 3.0% foreign currency conversion fee.
-
There is a $$5 overseas cash withdrawal fee.
Details
Key details
| Product Name | BankSA Concession Account |
| 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 |
Eligibility
| Joint account availability | Yes |
| Minimum opening deposit | N/A |
| Residency status | Permanent Australian residents with an Australian address |
Key features
Monthly service fee
You are not charged any monthly account keeping fees with BankSA's Concession Account.
Accessibility
You are allowed unlimited transactions in branch, at ATMs, over the phone, online, and with EFTPOS free of charge.
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Alison Finder
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