In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other transaction accounts
  • Your reviews
  • Ask a question

BankVic Everyday Account

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BankVic Everyday Account

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Account keeping fee
$0
ATM withdrawal fee
$0
Overseas ATM withdrawal fee
$0
Overseas transaction fee of transaction value
3.65%

Our verdict

This is an everyday account that facilitates hassle-free banking for no monthly fees and no required minimum balance.

This is a low-cost everyday account that offers easy access to your balance with no deposit conditions to meet. There’s no account keeping fees to worry about, and you can use all Big Four ATMs for free (this is true for all Australian debit cards).

You can link your account to Apple Pay or Google Pay to make contactless payments with your phone, which is something that not all banks offer just yet. Plus, BankVic is part of the New Payments Platform (NPP) which means you can transfer money instantly using Osko.

Pros

  • No minimum deposit is required when opening this account.
  • Incurs no management, monthly or annual fees.
  • $0 overseas ATM withdrawal fee
  • Unlimited access to funds via internet, telephone and mobile-phone banking.
  • PayWave and chip enabled Visa debit card

Cons

  • 3.65% Foreign transaction fee.

In this guide

  • Our verdict
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other transaction accounts
  • Your reviews
  • Ask a question

This account is a straight-forward transaction account for everyday use, offering several money-management options and unlimited access to funds via internet, telephone and mobile-phone banking. This account also offers Apple Pay and Google Pay. BankVic’s range of financial products is exclusive to their members, who typically work in the police force and public, emergency and health sectors.

Details

Key details

Product Name BankVic Everyday Account
Monthly account fee $0
Card access Visa
Own network ATM fee $0
International ATM Fee
International ATM fee
$0
International transaction fee 3.65%
Monthly deposit required to waive account fee N/A
Contactless Payments Apple Pay, Google Pay, Samsung Pay

Eligibility

Minimum Age 18
Joint account availability No
Minimum opening deposit N/A
Residency status Permanent Australian residents with an Australian address

Key features

No deposit is required

No minimum deposit is required when opening this account.

Access to funds

Access your funds via telephone, online and mobile-phone. The PayAnyone feature allows customers to transfer money using the recipient's mobile number and/or email address. Of course customers can also use a cheque book or conduct over-the-counter transactions.


How to apply

If you're interested in opening this everyday account with BankVic, you have to become a BankVic member first. Eligibility requirements are simple: you have to work in the police force or in one of the public, health or emergency service sectors. Once membership to the bank is accepted, you can apply for one of their financial products.

Eligibility

  • Minimum age. Besides being a confirmed BankVic member, applicants must be 18 years or older.
  • Residence. Applicants must prove that they are Australian residents. Read BankVic's privacy statement if you're concerned about what happens with your personal details.

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Alison Finder

Editor

Hi there, looking for more information? Ask us a question.

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Avatar

A buyer sent me money how do I check receipt number

July 30, 2018

A buyer bought helmet for $70.

He said he is sending the cash but its been 9days, still $0. How do I check a MULTIPACK NUMBER I RECEIVED ON 20th July 2018


Avatar

Joel Marcelo

August 02, 2018

Hi there,


Thanks for leaving a question on finder.


BankVic’s Multipack S1 is an everyday account that facilitates hassle-free banking and is not a money transfer service. You may need to contact your buyer to send you the payment or contact Multipack directly from their website for further questions.


Cheers,

Joel


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