Regional Australia Bank eFree account

Regional Australia Bank eFree account

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Fee Free Deposit

0

Account Keeping Fee

0.00

Easily access your money and support the local community with this convenient everyday account.

  • No monthly Access Fee
  • Unlimited electronic transactions
  • Up to 9 sub-accounts to help budget and save
  • Support a community group of your choice

Product details

This everyday account is for customers aged 25 and under. It does not charge any account keeping fees, and provides easy access to your money with unlimited EFTPOS transactions using the linked Visa Debit card, Internet and Phone banking. You can also make full use of the available mobile app, allowing you to manage your funds anywhere, anytime.

Each year Regional Australia Bank will make a donation to a community group of your choice, to the value of 1% of your average annual account balance.

Product Name
Regional Australia Bank eFree account
Monthly Account Fee
$0
Debit Card Access
Visa
ATM Withdrawal Fee
$0
Interest Rate p.a.
0.00%
Details
There are no monthly Access Fees for this everyday account. No ATM withdrawal fees if you use a Regional Australia Bank ATM or an ATM within the Westpac network within Australia.
Fee Free Deposit p.m.
$0
Overseas Eftpos Fee
2%
Phone Banking
Yes
Fees
$0
Internet Banking
Yes

Take advantage of the unlimited free EFTPOS transactions with the attached Visa Debit Card, along with free Internet and Phone banking. Customers who enjoy the freedom of managing their funds anywhere, anytime, can enjoy the convenience of a mobile banking app. Be aware that fees for overseas ATM withdrawals and international EFTPOS transactions do apply.

Pros

  • No monthly Access Fee
  • Unlimited electronic transactions
  • Up to 9 sub-accounts to help budget and save
  • Support a community group of your choice

Cons

  • Available for customers aged under 25 only
  • Limited branch network

Only customers aged 25 and under can open this account. However, once you have this account and turn 26 you can keep it open as long as you like.

You also need to become a member of Regional Australia Bank in order to open an account. Do this by phoning the bank or visiting one of its branches. Alternatively, you can fill in an enquiry form on Regional Australia Bank’s website and a member of their team will get in touch to help you open an account.

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