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.


Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee


Overseas transaction fee

of transaction value

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Product NameNewcastle Permanent Basic Access Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5
International transaction fee3%
Monthly deposit required to waive account feeN/A
Contactless PaymentsN/A

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

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.

Key features

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.

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.

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