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.
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BDCU Alliance Bank Concession Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0
- Overseas ATM withdrawal fee
- $5
- Overseas transaction fee of transaction value
- 3%
Our verdict
If you receive an Australian Government pension, the BDCU Alliance Bank Concession Account offers easy, fee-free everyday banking.
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.
Pros
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No monthly fees
-
No minimum balance requirement
-
Provides at-call access to your funds
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Free rediATM access
Cons
-
Fees may apply to withdrawals made from other ATMs
-
Only available to pensioners
Details
Key details
| Product Name | BDCU Alliance Bank 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 |
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