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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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.
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.
Funds available at call
The BDCU Alliance Bank Concession Account is an everyday transaction account that provides at-call access to your funds, allowing you to spend the money in your account or withdraw cash whenever the need arises.
Choice of card access
You can choose a Visa Debit card or a rediCARD for this account. To withdraw funds from your account fee-free use a rediCARD at any ATM in the rediATM network. Fees may apply to withdrawals made from other ATMs.
Wide range of access options
As well as ATM withdrawals, the funds in your Concession Account can also be accessed in a variety of other ways, including via Internet and phone banking, and unlimited free branch deposits and withdrawals.
Optional chequebook available
You also have the option of obtaining a chequebook if you would like to write cheques from your Concession Account.
The BDCU Alliance Bank Concession Account is available to bank members who are in receipt of an Australian Government pension. This pension must be deposited into the account on a regular basis.
How to applyAlliance 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.