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Approved office bearers at non-profit groups get deposit-only cards, so numerous people can make deposits into the account. You don’t have to pay any monthly account keeping fees and you can make unlimited transactions using online and phone banking for free. Please note the interest rate displayed is for balances above $500.
$0
Account keeping fee
$0
ATM withdrawal fee
3%
Overseas transaction fee
of transaction value
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Product Name | BankSA Society Cheque Account |
---|---|
Monthly account fee | $0 |
Card access | Visa |
ATM Withdrawal Fee | $0 |
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.
The BankSA Society Cheque Account is best suited for non-profit organisations such as schools, community and sporting groups, charities and government agencies. Often these groups need to make a lot of deposits into the account, and this account allows for unlimited free deposits. You can elect several account holders too, which means a number of people are able to make deposits into the account.