Retirement Access Plus Account
Make every dollar count with an account specially designed for retirees and pensioners
- Designed for the retiree or pensioner to allow your money to go further
- Earn daily interest, paid monthly
- Access your money easily in person at a branch, online or over the phone#
- No monthly account service fee and free Internet and Phone Banking transactions#
- Shop securely with your own money, online, at home, over the phone or overseas wherever Visa is accepted with your optional Visa Debit Card
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- No monthly account service fee
- Earn a competitive rate of interest
- Free Internet and Phone Banking transactions#
- Account options include Visa Debit Card*, FreedomCard (ATM Card) or passbook
- Chequebook available upon request (not available for passbook accounts)
- Issued 6 monthly if you do not have a passbook, or every 2 months if a Visa Debit Card is issued on your account.
- Mini transaction history available at any BankSA ATM^
- View transactions online with Internet Banking at any time
- Switch to eStatements and stop receiving paper statements. You can also view, print and save at least 2 years of statements online
- Interest rates set in line with government deeming regulations
- Calculated daily, paid at the end of each month
- Instant access to your funds via BankSA Branches, ATMs, cheques, EFTPOS, Internet and Phone Banking, BPAY® and electronic agencies
- Convenient and secure 24/7 access to Internet and Phone Banking†
- Automate deposits with direct credits (for pension payments or investment income)
- Automate payments with direct debits (for regular bills)
- No monthly account service fee
- Free Internet and Phone Banking#
- 8 free transactions if monthly balance is below $20,000
- Unlimited free transactions when the account balance is $20,000 or over**
- Apply over the phone for this special account for retirees and pensioners by calling on 13 13 76 7.30am – 7.30 pm, Monday to Saturday and to connect you faster, say “New Account” when prompted
- You must be either 55 years of age or over and retired, or in receipt of one of the following pension payments:
- Age Pension
- Carer’s Pension
- Disability Pension (for example, an Invalid Pension)
- Widow Pension
- Veteran Affairs Pension
- Information you’ll need to complete your application
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Important information
Before deciding to acquire or continue to hold a product, you should read the Terms and Conditions and ensure the product is appropriate. The governing Terms and Conditions documents for Transaction Accounts includes the Transaction, Savings & Investment Accounts Banking Services Terms and Conditions & General Information, Transaction, Savings & Investment Accounts - Fees & Charges and How to Minimise Them and interest rates. The Terms and Conditions are important and we encourage you to view, save and/or print this document. If you would like a paper copy of the document, please visit your local branch or request one by post. BankSA issues the products on this website.
Any advice on this website is prepared without consideration of your personal objectives, financial situation or needs. Before acting on this advice, you should consider if it is appropriate for you.
# Internet and Phone Banking are free but will be counted towards your monthly fee free transactions when your account balance is below $20,000.
* Not available on passbook accounts
^ Charged per transaction regardless of transaction allowance.
† Subject to systems availability and maintenance.
** Everyday banking transactions include BankSA/Westpac/St.George branded ATMs in Australia, branches, electronic agencies, Internet and Phone Banking and EFTPOS. Other transaction fees and charges for special services apply. Daily transaction limits apply.
