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BankSA Concession Account

Alison Banney
Alison Banney
Last updated:  

Australian concession card holders can take advantage of a low cost, easy-to-manage account structured purposely to meet their needs

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.

$0

Account keeping fee

$0

ATM withdrawal fee

$5

Overseas ATM withdrawal fee

3%

Overseas transaction fee

of transaction value

Details

Product NameBankSA Concession Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
Internatonal ATM Fee$5
International transaction fee3%
Monthly deposit required to waive account feeN/A

Expert review

Alison Banney

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.

Expert review

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.

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.

How to apply

Eligibility

If the features of the BankSA Concession Account fit in with your spending style, you can apply for this account by calling BankSA or visiting your local branch. Before heading out, check first that you are able to meet their eligibility requirements:

  • Minimum age. So long as you hold either a senior's card or a Commonwealth Government Health Concession card, you will be considered eligible for this account.
  • Residency requirements. You must be residing inside of Australia at the time of application and be able to provide proof of an Australian residential address.

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