BDCU Alliance Bank Concession Account

If you receive an Australian Government pension, the BDCU Alliance Bank Concession Account offers easy, fee-free everyday banking.

If you rely on a pension for your income, it’s essential that you can find an affordable and easy way to manage your finances from day to day. The BDCU Alliance Bank Concession Account is an everyday transaction account designed for just that purpose. Available to people receiving an Australian Government pension, the account offers fee-free banking and the flexibility of a variety of access methods.


Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameBDCU Alliance Bank Concession Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5 + 3%
International transaction fee3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Samsung Pay

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

There is also no monthly transaction fee attached to the account, and with no minimum balance requirement you can spend your money whenever and however you wish.

Key features

No monthly fees

There is no monthly transaction fee attached to the BDCU Alliance Bank Concession Account.

No minimum balance requirement

There are no minimum opening or ongoing balance requirements attached to this account. This means you can spend your funds whenever you want and without having to worry about maintaining your balance at a certain level.

Launch savings calculator

How to apply

Alliance Bank can confirm you are who you claim to be. You will be asked to present a valid form of photographic ID, such as a passport or driver's licence, before your account can be opened, while you will also need to provide proof that you are in receipt of a government pension.


Before you apply for a BDCU Alliance Bank Concession Account, check that you satisfy the following eligibility criteria:

  • Pension requirements. This account is only available to bank members who are in receipt of an Australian Government pension, which must be deposited into the account on a regular basis. If the required pension deposit is not received for a period in excess of 30 days, your Concession Account will be closed and automatically transferred to a BDCU Alliance Bank FLEX Account.
  • Residency requirements. You will need to be an Australian resident to apply for an account.
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