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Our verdict

The BCU Access account is an everyday banking product with no account keeping fees.

This account has no monthly account fees to worry about, and there are no ongoing deposit conditions to meet either. This could be suited to you if you like to make transactions in a branch, as you can make unlimited withdrawals or deposits in a BCU branch for free. Some other transaction accounts charge a fee for in branch transactions. If you don’t live near a BCU branch you can also make cash deposits at the post office using Bank@Post, but there will be a transaction fee.

Something to be aware of with this account is the international transaction fee of 3%. There are lots of transaction accounts today that don’t charge this fee at all, so keep this in mind if you plan to use the account to make purchases overseas or online from international retailers.

Pros

No minimum deposit required.
$0 withdrawal fees at any BCU ATM.
No account keeping fee

Cons

International transaction fee applies on overseas purchases

The account is BCU's premium everyday banking product linked with Visa debit card and comes with cheque book and BPAY facilities. Customers have unlimited access to their funds via the linked Visa Debit card, Internet, mobile and in-branch banking.

Details

Key details

Product Name	BCU Access
Monthly account fee	$0
Card access	Visa
Own network ATM fee	$0
International ATM Fee	International ATM fee $0
International transaction fee	3%
Monthly deposit required to waive account fee	N/A
Contactless Payments	Apple Pay, Google Pay, Samsung Pay

Eligibility

Minimum Age	16
Joint account availability	No
Minimum opening deposit	N/A
Residency status	Permanent Australian residents with an Australian address

Key features

No monthly account keeping fee

There's no monthly account keeping fee to pay with this account.

No minimum deposit

There is no minimum required to open an Access account.

Link it to other accounts

Account-holders can have their Access account linked to a credit card as well as savings accounts like the Saver and iSaver products. You can compare other BCU products and services here.

Access thousands of ATMs for free

No withdrawal fees are charged when you use BCU ATMs, or when you use Westpac, CBA, ANZ or NAB ATMs in Australia.

Online and over-the-counter access available

Account holders can manage their funds in person, via the internet and phone. There is also internet, mobile and telephone banking available.

Ability to add accounts

As an Access account-holder, you have the option to open a Saver or iSaver account to optimise interest earnings. You can also have an additional card and PIN issued for an authorised user.

Flexibility access

You can have your account set up for direct debits and credits to other accounts, automatic cash transfers with the sweep facility and periodical payments.

Linked Visa debit card

This card comes with a linked Visa debit card so you can make purchases through EFTPOS and take your funds out of an ATM.

How to apply

What you'll need to know before applyingCustomers can apply online by clicking on "Join us" on the top right of the BCU website landing page and then "Apply now".
If you prefer to open your account in person, you can visit a BCU branch. Here are a few things to be aware of when opening an Access account.

Eligibility

Age. Australian residents over the age of 16 years can apply for the Access account.
Proof of residence. Applicants must provide proof of an Australian residential address. If you have concerns about how your personal information will be treated, read the Privacy Information Statement for more details. If you change your name, address or contact details, you must inform BCU as soon as possible.

Security. Online applicants will be asked to provide an ID password to ensure safety for transactions effected online.
Deposit. No initial deposit is required to open an Access account.
Verification. Your personal information will be sent to an external organisation for verification.

Documentation needed

Identification. Whether applying online or in person, make sure that you have some positive identification on hand. This can include an Australian passport, a driver's licence and/or a Medicare card.
Contact details. You'll be asked to provide a phone number and an email address. This way BCU can inform you once your application has been approved and provide your account information.
Tax file number. Whether or not you disclose your tax file number is up to you.However, if you don't claim an exemption, tax will be subtracted from your interest.

What happens after I submit my application?

Once your account is approved, BCU will contact you via phone or SMS with your new account details.

Sources

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BCU Access account

Pros

Cons

Key features

No monthly account keeping fee

No minimum deposit

Link it to other accounts

Access thousands of ATMs for free

Online and over-the-counter access available

Ability to add accounts

Flexibility access

Linked Visa debit card

How to apply

Eligibility

Documentation needed

What happens after I submit my application?

Your reviews

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