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Retirement Access Plus Account

Easy access transaction account designed for retirees and pensioners

How to apply

For people age 55+

Designed especially for retirees and pensioners

Easy access

Interest rate

Interest rates reflect the Commonwealth Government’s deeming rates calculated daily, paid monthly. Different interest rates may apply to different portions of your balance.

Free everyday banking transactions

  • 8 free everyday banking transactions monthly if minimum monthly balance is under $20,000
  • Unlimited free everyday banking transactions if minimum monthly balance is over $20,0001

No account service fee

$0

Visa Debit Card

Shop securely with an optional Visa Debit card at home, online or overseas using money from your Retirement Access Plus Account2

Compare accounts

Retirement Access Plus Account fees
Everyday Banking Transaction fees where a relevant free monthly withdrawal allowance applies, these transaction fees are payable per transaction after the allowance has been exceeded
  Minimum monthly account balance less than $20,000 Minimum monthly account balance $20,000 or more
Monthly account service fee Nil
Internet Banking Free3 Free
Phone Banking Free3 Free
Visa Debit transactions Free* Free*
BankSA / St.George / Westpac ATMs (in Australia) $0.50 Free
Cheque $0.50 Free
EFTPOS $0.50 Free
Electronic Agency $0.50 Free
Staff assisted $1 Free
Transaction fees for everyday banking (Transaction fees are charged when Free monthly withdrawal allowances are exceeded)
Free monthly withdrawal allowance (for eligible transaction fees)

Free Internet and Phone Banking, withdrawals are counted towards your Free monthly withdrawal allowance

 8 Unlimited free transactions1
Maximum number of Staff assisted withdrawals included in Free monthly withdrawal allowance 8 Unlimited free transactions
Free collection items each month Unlimited
Transaction fees – Free monthly withdrawal allowances do not apply to these fees  
Applicable minimum monthly balance for fees set out below N/A N/A
Direct Debit Free Free
Periodical Payment $4# $4#
Overseas Cash Withdrawal (including overseas ATM withdrawal) $5 $5
BankSA / St.George ATM Mini transaction history request Free Free
Frequent Statement (per month) $2 $2
Foreign Currency Conversion 3.0% 3.0%
Collection item Free Free

* Merchants may charge a fee for Visa Debit transactions.
# The Periodical payment fee is payable for a transfer of funds that we make on a regular basis at your request from your Account to another specific account. The fee is charged at the time the transaction occurs.
Periodical payments to another account held with BankSA or St.George are free.

Bank the way you want to

Retirement Access Plus is designed as the ideal low-fee transaction account for retirees over the age of 55 or pensioners – so you can bank all the ways you want to!

Choose what you need for your account
  • Passbook
  • Chequebook (not available on passbook accounts)
  • ATM Card (Freedom Card or Maestro Cirrus)
  • Visa Debit Card – use it anywhere Visa is accepted, but access the money in your own account. It's a secure way to shop without having to use credit.2
Bank however you want to!
At any BankSA branch Plus online, over the phone more!
Enjoy personal service from our helpful staff at any BankSA branch Use Internet and, Phone Banking, Mobile Banking ATMs, EFTPOS, BPAY®, and Visa Debit card
Need help getting started with new ways to bank? We’re here!
Just ask at any branch or call us on 13 13 76 for help with:
  • Internet Banking
  • Phone Banking
  • Using an ATM card
  • Setting up automatic deposits (for pension payments or investment income) and automatic payments (for your regular bills).

Keeping track of Retirement Access Plus is easy!

Paper Statements Posted to you every 6 months if you don’t have a passbook, or every second month if you have a Visa Debit Card
Internet Banking View your account online anytime with Internet Banking3
Mini transaction history Available at any BankSA ATM
e-statements View, print and save up to 2 years of statements online when you choose eStatements
Yearly interest summary View and print your Financial Year interest summary with Internet Banking

Are you eligible for Retirement Access Plus?

You must be 55 years of age or over and retired

or

You must be receiving one of the following pensions:

  • Age Pension
  • Carer's Pension
  • Disability Pension (for example, an Invalid Pension)
  • Widow Pension
  • Veteran Affairs Pension.

If you're receiving a pension, you'll need to bring your Pensioner Concession Card into any BankSA branch when you apply.

Call us

13 13 76 and say "New account" when prompted

Visit a branch

Apply at your nearest branch

What you'll need

Tips

Important information

Conditions and fees apply.

Before making a decision, it's best to read the terms and conditions. 

Please read these documents and keep a copy. You can request a paper copy at a branch. 

The advice on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it's right for you. If you need help, call 13 13 76.

1 Daily transaction limits apply.
2 Visa Debit Card available to customers who have an Australian residential address and are over the age of 18.
3 Internet and Phone Banking are free but will count towards your monthly fee-free transactions when your account balance is below $20,000. Subject to systems availability.

Visa® is a registered trademark of Visa Worldwide PTe Limited.