Newcastle Permanent Basic Access Account
This bank account has no monthly fees and may suit you if you don’t make many transactions.
The Newcastle Permanent Basic Access account is a simple transaction account with no account keeping fees. You’re able to make four free transactions a month before a transaction fee applies, so this account may suit you if you only make a few transactions each month.Special offer: New customers will get a $30 cash bonus when you open a new Basic Access Account and make two transactions by 30 June 2021.
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Overseas transaction fee
of transaction value
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.
This transaction account would be best suited to someone who doesn’t make many transactions, and wants an easy account with no monthly fees or deposit conditions. There’s no account keeping fee, but you’re only able to make four transactions a month (this includes EFTPOS transactions) before a transaction fee applies.
Being restricted to four transactions a month could help you limit your spending if you’re trying to spend less. However, if you do make more transactions than this, you’d likely be better off choosing a transaction account with unlimited free transactions instead like the Newcastle Permanent Everyday Account.
No account keeping fees
This account has no monthly account keeping fees.
No account conditions to meet
There's no ongoing monthly deposit condition to meet with this account, and no minimum balance to maintain.
Four free transactions each month
You're only able to make four free transactions a month before a fee applies. This includes branch withdrawals and EFTPOS transactions. If you make more than four transactions during the month, you'll be charged a fee for each additional transaction you make. The fee is $0.60 for EFTPOS transactions and $3 for branch withdrawals.
Visa Debit Card
You'll receive a free Visa Debit Card with this account that you can use in stores or online wherever Visa is accepted all over the world.
Access to thousands of ATMs
You won't be charged an ATM withdrawal fee at Newcastle Permanent ATMs, or any ATM owned by Westpac, CommBank, NAB or ANZ.
How to apply
You can open this account online by filling out a short application form - it should take only ten minutes to complete. There is no need to become a member first before applying for the account. There is other eligibility criteria you will need to meet that includes:
- Minimum age. You must be at least years of age (or 16 with parent's consent).
- Residency requirements. Only Australian permanent residents or citizens are eligible for this account.
Have the following details handy before starting your application:
- Tax file number. Providing your tax file number (TFN) or exemption code is not mandatory but it will be used to determine the right withholding tax to apply to any of your interest earnings.
- Identification. Information from your driver's license or passport can be used to help confirm your identity.