St.George Concession Account

An account designed exclusively for concession card holders that takes into account all of your special financial needs.

St.George Bank provides Australian concession card holders with a low fee, easy to use day to day banking account. Available only for Australians who hold certain concession cards, this transaction account gives you complete access to your money with a Visa debit card and one of the largest ATM networks in Australia. The flexibility in banking you are given makes this an account well worth considering.

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Shirley Liu

Last Updated Jan 1, 2021

Account keeping fee

ATM withdrawal fee

Overseas ATM withdrawal fee

Overseas transaction fee

of transaction value

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Details

Product Name	St.George Concession Account
Monthly account fee	$0
Card access	Visa
ATM Withdrawal Fee	$0
International ATM Fee	$5 + 3%
International transaction fee	3%
Monthly deposit required to waive account fee	N/A
Contactless Payments	Google Pay, Samsung Pay

Minimum Age	18
Joint account availability	Yes
Minimum opening deposit	$1

Pros

Free staff assistance in branch and over telephone
$$0 monthly account service fee
Free internet and phone banking

Cons

There is a foreign currency conversion fee
There is a $5 cash withdrawal fee

Review by

Shirley Liu

shirley@finder.com.au

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

To be eligible, you must hold one a Commonwealth Government Health Concession Card or Seniors Card.

Key features

$0 account keeping fees

St.George will not charge you any monthly fees when using this account.

Eligibility to open this account

In order to be eligible for the Concession account you must be a Commonwealth Government Health Concession Card or Senior's Card.

Get access to your account online, at a branch and more

You can access your account and you money using ATMs with your Visa debit card, over the counter at a St.George branch, online, over the phone, and EFTPOS.

Linked Visa debit card

Your concession account will be linked to a Visa debit card, which allows you to make purchases in store, online and over the phone as if with cash. You can also use your Visa debit card to make direct cash withdrawals from your account.

Australia-wide ATM network

The Visa debit card allows you to make unlimited free transactions at St.George, BankSA, Bank of Melbourne and Westpac ATMs in Australia, as part of the Westpac Global ATM Alliance. If you use an ATM outside of this network, you may be charged a fee.

Overseas cash withdrawal

Any cash withdrawal made outside of Australia will result in a $5 charge to your account.

Foreign transaction fees

If you make any transaction that requires the conversion of currency to the Australian dollar, you will be charged 3% of the Australian dollar amount. This could include purchases made online, where the merchant is located outside of Australia.

Mobile banking

You can bank on the go by downloading the St.George app onto your iPhone or android mobile device. This app has features such as cardless cash which allows you to make cash withdrawals from an ATM without having to use your Visa debit card. Other features include recent transactions, current balance and the ability to make transfers or pay bills.

Compare more St.George bank products

How to apply

Eligibility

It will first ask you about the following to ensure that you are eligible before proceeding with the application:

Minimum age. While there is no minimum age requirement, you must be a holder of a Commonwealth Government Health Concession Card or a Senior's card to qualify. When applying you will need to present this card to verify your eligibility.
Residency requirements. Only Australian residents with an Australian residential address are able to qualify for this account.

Depository requirements. You must make an initial deposit of $1 before the Concession account can be activated.

Documentation needed

In addition to bringing your concession card, St.George will also want to see the following documentation before the account can be opened:

Tax file number. Providing St.George Bank with your tax file number (TFN) is not obligatory, but it will be useful if you also have an interest earning account as it enables the bank to withhold tax on the interest earnings at the correct rate.
Identification. St.George bank is obligated by law to verify your identity before they can open an account in your name. This can be done using your driver's licence or passport.

What happens after I submit my application?

So long as St.George is able to verify your identity and eligibility for this account, it will be opened for you almost instantly. You will then be issued your linked Visa debit card in order to have complete access to your money.

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2 Comments

Heath
August 23, 2018

If you are a holder of a consession card do you have to put your income/pension into the account or can you just save a little each pay into this account and have your income/pension into another institution? Thankyou.

finder Customer Care

Joshua
August 28, 2018

Hi Heath,

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

The St.George Concession Account allows you to link your concession account to a Visa debit card. This means that the St. George Concession Account would have access to your concession account. What you can do is withdraw money using the Visa debit card and then transfer it to another institution.

St. George’s website doesn’t have a specific answer to your question. Thus, it would also be a good idea to directly get in touch with them to obtain a more personalised advice.

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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