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

Overview
Fees
Easy Access
Am I eligible?
How to apply

Overview

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@Post^TM 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	Compare transaction accounts Compare savings accounts See Term Deposit interest rates

Fees

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.

Easy Access

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!

Enjoy personal service from our helpful staff at any BankSA branch
Use Internet Banking, Phone Banking, Mobile Banking, ATMs, eftpos, BPAY®, Bank@Post™, and Visa Debit Card²

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

Am I eligible?

Are you eligible for Retirement Access Plus?

You must be 55 years of age or over and retired

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.

How to 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	New to BankSA? To open a bank account in Australia, you’ll need to confirm your identification. If you want to invest some money, try our Fixed Term Deposits. To invest with at-call access to your money, try our Investment Cash Account or Incentive Saver. Compare all our savings accounts and find one that would suit you.

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.

Retirement Access Plus

Bank the way you want to

Keeping track of Retirement Access Plus is easy!

Are you eligible for Retirement Access Plus?