A basic bank account have, at a minimum:
- No account keeping fees
- Free periodic statements
- No minimum deposits
- free direct debit facilities
- Access to a debit card at no extra cost
- Free and unlimited Australian domestic transactions*
*Note that you may be charged for certain ancillary services. For example, bank cheques, telegraphic transfers, or transactions at ATMs owned and operated by third parties.
Special features of a basic bank account:
- No informal overdrafts (except where it is impossible or reasonably impractical for us to prevent your account from being overdrawn)
- No dishonour fees; and
- No overdrawn fees.
If you have a government card, such as Commonwealth Seniors Health Card, a Health Care Card, or Pensioner Concession, you may instead want to consider opting for our basic bank account, Citibank Plus.