P&N Bank & Transaction Account

An everyday transaction account with no account keeping fees and access to Apple Pay, Google Pay and Samsung Pay.

This is an everyday transaction account with no account keeping fees, free EFTPOS transactions and a linked Visa Debit card. The account is ideal for day-to-day use, to deposit your salary or wages and pay bills and expenses. You can also link your account with Apple Pay, Google Pay or Samsung Pay to make contactless payments with your phone when you're out and about.


Account keeping fee


ATM withdrawal fee


Overseas ATM withdrawal fee

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Product NameP&N Bank & Transaction Account
Monthly account fee$0
Card accessVisa
ATM Withdrawal Fee$0
International ATM Fee$5
Monthly deposit required to waive account feeN/A
Contactless PaymentsGoogle Pay, Apple Pay, Samsung Pay

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 has minimal fees and lots of different payment options available. There is no monthly account keeping fee and no deposit conditions for the account; deposit as little or as much as you want. You can use any Big Four bank ATM to withdraw cash for free, and you can deposit cash into your account for free via Bank@Post.

You can link your Visa Debit card to either Apple Pay, Google Pay or Samsung Pay to make purchases with your phone, smartwatch or wearable device without needing to bring your wallet. A really handy feature with this account is that you can set up your digital wallet instantly after opening the account, so you don't even need to wait for your debit card to arrive to start making purchases.

You can also enable Pay&Save to have your everyday transactions rounded up to the closest $1 amount, with the spare change added into a linked P&N Bank savings account.

Key features

No monthly account keeping fee

There is no monthly account keeping fee charged with this account, and no minimum deposit requirement to meet.

Free transactions

There are no transaction fees for EFTPOS, BPay, electronic bank transfers, direct debits, PayID transfers, mobile app transactions, Visa Debit purchases in Australia and Internet Banking transfers.

Deposit money at Bank@Post

You can deposit cash into your account at Australia Post via the Bank@Post service for free. This is handy if you're not near any P&N bank branches. However, there is a $3 fee to withdraw money from your account using Bank@Post.

Free Visa Debit card with Visa payWave

You'll get a free Visa Debit card with your account, which you can use to access your money online, at ATMs and in stores all around the world. The Visa Debit card has Visa payWave, so you can tap and go for purchases less than $100 without entering your PIN.

Fee-free cash withdrawals at Big Four bank ATMs

You can use your Visa Debit card to make cash withdrawals from your account at all Westpac, NAB, CBA and ANZ ATMs in Australia with no ATM withdrawal fee. ATM withdrawal fees may apply when using ATMs owned by different banks, and the fee will be displayed on the ATM at the time of the withdrawal.

Make contactless payments with your phone or wearable device

You can link your Visa Debit card with Apple Pay, Google Pay or Samsung Pay to make secure, contactless payments with your phone or wearable (e.g.: a smartwatch) without needing your debit card. You can also set this up instantly after opening your account, so you can start making purchases while you wait for your debit card to arrive in the mail.

Transfer money with PayID

The P&N Bank & Transaction account offers PayID, so you can send and receive money instantly even if it's between different banks.

Round up your transactions to help you save money

P&N Bank's Pay&Save feature allows you to round up your daily transactions to the nearest $1 amount, and put the remaining change into your P&N savings account.

How to apply


In order to apply for this account, you must first apply online to become a member. This is free to do, and you can do this at the start of your application process online.

  • Minimum age. This account is available for members over the age of 18.
  • Residency requirements. You must be an Australian resident with a valid residential address in Australia in order to apply for this account.

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