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 fee
  • Internet banking available with phone banking and counter service
  • Linked Visa debit card

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 what various banks are offering with their accounts to the features that Rural Bank provides its members:

  • Monthly service fee. There is no monthly account keeping fees with the Everyday Community Account.
  • Minimum account balance. You must maintain an ongoing balance of at least one dollar.
  • Accessibility. The Everyday Community Account can be linked to a Rural Bank Visa debit card and accessed with a business cheque book.
  • Interest rates. Your balance earns interest at a modest rate, which increases as your average balance does.
  • Interest calculation. Interest is calculated on the daily balance and paid into the account once a month.
  • Rural Bank 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 monthly 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.


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

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 find out more by clicking “Go to Site” and filling out a 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:

  • 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.

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).

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.

Back to top Back to top Back to top

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

Ask a question