Newcastle Permanent Everyday Account

You'll pay no account keeping fees if you're under 25, or when you meet the monthly deposit condition.

The Newcastle Permanent Everyday Account is a transaction account designed for day-to-day spending, or to use as an offset account against your Newcastle Permanent home loan. The monthly account keeping fee can be waived if you're under 25 or if you deposit $1,800 a month.

Special offer: New customers will get a $30 cash bonus when you open a new Everyday Account and make two transactions by 30 June 2021.
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$1,800

Fee Free Deposit

$4

Account keeping fee

$0

ATM withdrawal fee

$5

Overseas ATM withdrawal fee

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Details

Product NameNewcastle Permanent Everyday Account
Monthly account fee$4
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5
International transaction fee3%
Monthly deposit required to waive account fee$1,800
Contactless PaymentsN/A
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Review by


Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

Expert review

This everyday transactions account has a monthly fee of $4 which will be waived each month you deposit $1,800 or more. It's also waived if you're under 25 or if you've got a home loan with the Newcastle Permanent. So if you can’t meet this monthly deposit condition, you might want to consider a bank account with no monthly fee instead.

This account could be suited to customers with a Newcastle Permanent home loan, as you'll pay no account keeping fees and you can use this as an offset account against your loan. If you like to bank in branches, keep in mind that most of Newcastle Permanent’s bank branches are within the Newcastle region.

Key features

Monthly account keeping fees

The monthly account keeping fee for this account is $4, which is waived each month you deposit at least $1,800 into the account. It's also waived if you're under 25 or if you've got a Newcastle Permanent home loan.

Access thousands of ATMs for free

You can make unlimited free ATM withdrawals at Newcastle Permanent ATMs. You can also make free ATM withdrawals at all ATMs owned by CommBank, westpac, ANZ or NAB.


How to apply

Eligibility

Accessing the online application for the Everyday Account can be done by clicking "Go to Site". 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. Applicants must be at least 18 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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2 Comments

    Default Gravatar
    Wal
    August 30, 2018

    Is there a limit on the amount of an eftpos transaction, for buying a car for example?

      Avatarfinder Customer Care
      Joshua
      August 30, 2018

      Hi Wal,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Yes, there’s a limit to EFTPOS usage. It’s set to $1,000. The same is true for branch and ATM withdrawals.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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