Rural Bank Everyday Community Account

Rural Bank Everyday Community Account

Maximum Variable Rate


Standard Variable Rate


If you run a not-for-profit organisation, you will want to read about the features of this account.

  • No account keeping fees
  • Internet banking available with phone banking and counter service
  • Linked Visa debit card
  • Free transactions

Product details

Designed for not-for-profit groups, the Rural Bank Everyday Community Account pays interest on your balance for no monthly fee. With multiple access methods, Rural Bank gives you plenty of ways to take care of your business and manage the organisation’s financial concerns.

Product Name
Rural Bank Everyday Community Account
Maximum Variable Rate
0.05% p.a.
Standard Variable Rate
0.05% p.a.
Bonus Variable Rate
0.00% p.a.
Monthly Fee
Minimum Opening Deposit
Minimum monthly deposit for bonus interest rate
Internet Banking
Internet Transaction Fee
Phone Banking
Phone Transaction Fee
Joint application?
Covered by Government Guarantee?
Yes (Up to $250,000 per person, per institution)

What are the features of the Rural Bank Everyday Community Account?

Not-for-profit organisations have varying needs and expenses that need to be looked after in order to maximise their hard work. Before choosing an account to manage those funds, compare the features of the Everyday Community Access with what other banks are offering.

$0 monthly service fee

There is no monthly account keeping fees with the Everyday Community Account.

Minimum account balance of $150,000

You must maintain an ongoing balance of at least $150,000.


The Everyday Community Account can be linked to a Rural Bank Visa debit card and accessed with a business cheque book.

Variable interest rate

Your balance earns interest at a modest rate, which increases as your average balance does. The variable interest rate is subject to change, in line with the movements of the RBA Cash Rate.

Interest calculation

Interest is calculated on the daily balance and paid into the account once a month.

Comes with a Visa debit card

With the linked Visa debit card you can access the money in the account through EFTPOS outlets or ATMs that bear the Visa symbol.

Free transactions

You can make unlimited use of the following transaction methods free of charge; internet and phone banking, branch deposits, direct credits and debits, Pay Anyone transfers, BPAY, ATM, and Bank@Post deposits.

Limited transactions

With the following transaction methods you are allowed 15 free per month before you will be charged $1 per transaction; EFTPOS, cheque withdrawals, staff assisted transfers. 15 Bank@Post withdrawals are allowed per month, but once you exceed the limit you will be charged $2.50 for each transaction.

Compare more Rural Bank products


  • $0 monthly service fee
  • Minimum opening balance of just $1
  • There is $150000 minimum ongoing balance


  • Interest is variable and subject to change

How do I apply for the Rural Bank Everyday Community Account?

If your community not-for-profit group or organisation would benefit from the Everyday Community Account you can request for a phone or email from a member of the Rural Bank customer service team. In order to deem whether or not you are eligible for this account they will ask you a few questions first. To help you prepare, below is a list of information that may come in handy when applying for the Everyday Community Account.

Eligibility to apply

  • Minimum age. While there is no stated age requirement for this account you will need to be an authorised representative of a not-for-profit group or organisation, with the authority to open a banking account on its behalf.
  • Residency requirements. This account is designed for Australian residents for use with an established Australian not-for-profit organisation or community group.
  • Depository requirements. An opening deposit of one dollar is required before the account can be activated.

Documentation required

In order to help in completing an application for the Everyday Community Account you should have the following documentation readily available:

  • Tax file number. To avoid having any taxes withheld on your interest earnings it is advised that you provide Rural Bank with the tax file number (TFN) or exemption codes for your not-for-profit community group.
  • Identification. All authorised signatories for the account will need to verify their identity with information found on their driver’s licence or passport.
  • Organisation details. Be prepared to provide information about your not-for-profit organisation such as its Australian Business Number (ABN) or Australian Company Number (ACN).

What happens after I've submitted my application?

Once the application information has been submitted you will receive the details of your organisation’s new account along with its Rural Bank Visa debit card. Once activated, you can begin making financial transactions through the account in order to help better manage the funds that are coming in and going out.

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