Skip to main content Skip to accessibility page Skip to search input

Retirement Access Plus

Your working life is behind you and a host of possibilities are in front of you. If you are over 55 and no longer working, our Retirement Access Plus Account is designed to simplify your everyday banking

  • Bank in person at any BankSA branch with chequebook, ATMs, Internet and Phone Banking and optional Visa Debit Card2
  • No monthly account service fee
  • Free everyday banking using Internet and Phone Banking3 – we can show you how at any branch
  • Free everyday banking transactions – eight per month if minimum monthly balance is under $20,000 and unlimited if minimum monthly balance is over $20,000.1

For people age 55+

Designed especially for retirees and pensioners

No account service fee

$0

Easy access

  • Easy access at:
    • any BankSA branch
    • chequebook
    • ATMs
    • eftpos
    • BPAY®
    • Bank@PostTM
    • Internet and Phone banking
  • Regular account statements.

Interest rate

Interest 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

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

Minimum monthly account balance less than $20,000

Minimum monthly account balance $20,000 or more

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

Monthly account service fee

Nil

Nil

Internet Banking

Free3

Free

Phone Banking

Free3

Free

Visa Debit transactions

Free*

Free*

BankSA / Bank of Melbourne / 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 Banking and Phone Banking, withdrawals are counted towards your Free monthly withdrawal allowance

8

Unlimited free transactions1

Maximum number of Staff assisted withdrawals or Bank@Post withdrawals included in Free monthly withdrawal allowance

8

Unlimited free transactions1

Free collection items each month

Unlimited

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 / Bank of Melbourne / 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, St.George & Bank of Melbourne 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

  • 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!

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  if you don’t have a passbook5

Internet Banking

View your account online anytime with Internet Banking4

Mini transaction history

Available at any BankSA ATM

eStatements

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
  • 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

Find your nearest branch

What you'll need

  • Contact details (address, phone number, email address)
  • Proof of your eligibility.

Find out what information you need to provide to become a customer

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

BPAY® registered to BPAY Pty Ltd ABN 69079137518

1 Daily transaction limits apply.
2 Visa Debit Card available to customers who have an Australian residential address and are over the age of 14.
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.
4 Subject to systems availability
5 You have the option to receive statements more frequently.