Fees and Charges
Below you'll find a full list of the fees that may apply for a range of our accounts and services.
Access and savings account fees and charges
The following fees and charges may apply to access and savings accounts.
These should be read in conjunction with the fees and charges specified for the product on their individual product pages.
View all access and savings accounts
|
Bank Services |
Fee |
|
Bank Cheque Fee |
$10.00 |
|
Coin/Note Handling Fee Charged at the time of transaction for deposits and/or withdrawals of bulk coin and/or notes. |
|
| Coin: | |
| One denomination per calico bag | $7.50 |
| Mixed denomination per calico bag | $12.50 |
| Notes: | |
| Over $10,000 per day |
0.25% |
|
Cards |
Fee |
|
Card Replacement Fee For the replacement of lost or damaged Visa Debit card: |
|
| Standard replacement | $10.00 |
|
Urgent replacement |
$50.00 |
|
Emergency Card Replacement Fee For the issue of a temporary emergency Visa Debit card, to temporarily replace a lost or stolen Visa Debit card: |
|
| Declined | $70.00 |
|
Approved |
$320.00 |
|
Visa Chargeback Request Fee When a cardholder raises a dispute relating to a card transaction. |
$25.00 |
|
RTGS and Foreign Currency |
Fee |
| Cash Passport | |
| Initial activation | $10.00 |
|
Reload |
$10.00 |
| Foreign Cheques | |
| Foreign cheque deposits less than $25,000 AUD | $10.00 |
|
Foreign cheque deposits $25,000 AUD or more |
$60.00 |
| International Transfers | |
| Online International Transfer (iBank) | $15.00 |
| Telegraphic Transfer, converted to foreign currency prior to transmission (in branch) | $30.00 |
| Telegraphic Transfer, if currency remains in AUD (in branch) | $45.00 |
|
RTGS From Another Bank To cover the cost of processing ‘SWIFT’ payments from overseas and same day local payments through ‘RTGS’ (Real Time Gross Settlement) systems. |
$5.00 |
|
Visa Foreign Currency Conversion Collected by Cuscal Limited and distributed as follows: 1% paid to Police and Nurses Limited Payable when you make a transaction using your Visa Credit or Visa Debit card:
Please note: It may also not always be clear that the merchant or its financial/payment processor is located or registered outside Australia. |
3% of the transactions value in AUD |
|
Dishonour Fees |
Fee |
|
Auto Transfer Dishonour Fee Charged where there are insufficient funds in your account when an external auto transfer payment is due to be made. |
$6.00 |
|
Dishonour Fee Where a direct debit or cheque is dishonoured due to insufficient funds. |
$6.00 |
|
Overdrawn Account Management Fee Applied in relation to any month where we allow the approved credit limit on your account to be exceeded by more than $50 or, if your account does not have an approved credit limit, if we allow you to overdraw your account by more than $50. |
$10.00 |
|
Referral Fee Where an account has insufficient available funds to cover a cheque or direct debit transaction, and the transaction is honoured by bcu. |
$3.50 |
|
Trace and Recall Fees |
Fee |
| BPAY - Trace or Recall Request | |
| Trace request | $5.50 |
|
Recall of payment |
$11.51 |
| Cheque - Trace or Copy Request | |
| Trace of cheque/deposit | $33.00 |
| Copy of cheque/deposit – presented within 30 days | $11.00 |
| Copy of cheque/deposit – presented 30 - 90 days | $16.50 |
|
Copy of cheque/deposit – presented over 90 days |
$38.00 |
| Direct Entry - Trace or Recall Request | |
| Trace request | $50.00 |
|
Recall of traced item |
$50.00 |
|
Telegraphic Transfer - Trace Where you request us to trace an outward telegraphic transfer to confirm account of receipt. |
$27.50 |
|
Other fees |
Fee |
|
Audit Certificate Fee |
$25.00 |
|
Safe Custody Management Fee |
$25.00 per annum |
|
Statement Retrieval Fee Statement retrieval if more than 12 months old. |
|
| 1st page | $6.00 |
|
Each subsequent page |
$1.50 |
|
Product Specific Fees |
Fee |
|
bcu Business Access Account |
|
|
Monthly Account Keeping Fee |
$20.00 (Fee waived for Not for Profit organisations) |
| bcu Business Basic Access |
|
| Staff Assisted Deposit or Withdrawal Fee | $2.50 |
|
Staff Assisted BPAY Fee |
$0.50 |
Home loan fees and charges
The following fees and charges apply to all home loans.
These should be read in conjunction with the fees and charges specified for the product on their individual product pages.
Administration charges
| Application fee | $0 |
| Top up fee | $0 |
| Valuation fee | At cost to bcu* |
| Lenders Mortgage Insurance (LMI) | At cost to bcu* |
| Legal fee | At cost to bcu* |
| Production fee for a third party to produce a document | At cost to bcu* |
| Bank cheques | At cost to bcu* |
| Discharge of mortgage | |
| - With settlement (first security) | $395 |
| - Each additional security discharged | $195 |
*At cost to bcu refers to costs incurred by bcu resulting from the provision of a product or service requested by the member, which will be passed on to the member.
Construction loan charges
| Construction progress payments fee (per drawdown) | $25 |
General fees
Overlimit management fee
If an overdraft or line of credit account exceeds the approved limit by more than $50 within the month, a $10 fee will be charged at the end of the month.
Late payment notification fee
When payment to a home loan becomes overdue by 11 and 30 days, we reserve the right to charge a $5 fee.
Management administration fee
When payment to a home loan becomes overdue by more than 90 days, we reserve the right to charge a $50 monthly fee.
Collection agent administration fee
Payable when you are in arrears for more than 90 days and we choose to engage an external collection agent, we reserve the right to charge a $100 fee.
External dishonour fee
| Direct debit | $6 |
| Electronic payment return fee | $0 |
| Manual trace | $40 |
Government charges
State and federal governments apply various charges relating to the loan amount, security, purchase of property and property settlement, for example:
- Stamp duty
- Registration/discharge of securities
- Duty on duplicate documents
- Searches of land titles
Where applicable these fees and charges are payable by yourself in addition to those shown above.
Further details of applicable government charges are available upon request at any bcu branch.
Personal loan fees and charges
The following fees and charges apply to all personal loans.
These should be read in conjunction with the fees and charges specified for the product on their individual product pages.
Administration charges
| Loan establishment fee | $200 |
| Goods security administration fee (per vehicle) | $20 |
| Monthly maintenance fee | $0 |
General fees
Late payment notification fee
When payment to a personal loan becomes overdue by 11 and 30 days, we reserve the right to charge a $5 fee.
Notice of demand fee
When payment to a personal loan becomes overdue by 46 days, we reserve the right to charge a $75 fee.
Management administration fee
When payment to a personal loan becomes overdue by more than 90 days, we reserve the right to charge a $50 monthly fee.
Collection agent administration fee
Payable when you are in arrears for more than 90 days and we choose to engage an external collection agent, we reserve the right to charge a $100 fee.
External dishonour fee
| Direct debit | $6 |
| Manual trace | $40 |
Government charges
State and federal governments apply various charges relating to the loan amount, security, purchase of property and property settlement, for example:
- Stamp duty
- Registration/discharge of securities
- Searches of Personal Property Security Register
Where applicable these fees and charges are payable by yourself in addition to those shown above.
Further details of applicable government charges are available upon request at any bcu branch.
Credit card fees and charges
The following fees and charges apply to all credit cards.
These should be read in conjunction with the fees and charges specified for the product on their individual product pages.
Card fees
| Cash advance fee (domestic and overseas) | $5 |
| Visa foreign currency conversion | 3% of the transaction value in AUD |
| Replacement of a lost or damaged Visa Credit card in Australia | |
| - Standard | $10 |
| - Urgent | $50 |
| Emergency replacement of lost, stolen or damaged Visa Credit card while overseas (free for Platinum card holders) | |
| - Approved | $320 |
| - Declined | $70 |
General fees
Late payment notification fee
When payment to a credit card becomes overdue by 11 and 30 days, we reserve the right to charge a $5 fee.
Notice of demand fee
When payment to a credit card becomes overdue by 46 days, we reserve the right to charge a $75 fee.
Management administration fee
When payment to a credit card becomes overdue by more than 90 days, we reserve the right to charge a $50 monthly fee.
Collection agent administration fee
Payable when you are in arrears for more than 90 days and we choose to engage an external collection agent, we reserve the right to charge a $100 fee.
Other account fees and charges
| Declined Visa chargeback | $28 |
| Statement retrieval – per page | $6 |
| Cheque or Visa card transaction voucher retrieval – per item | $24 |
Business loan fees and charges
The following fees and charges apply to business loans.
These should be read in conjunction with the fees and charges specified for the product in your agreement schedule.
Administration charges
| Establishment fees | |
| - Application fee | Negotiated |
| - Solicitor's fee | At cost to bcu* |
| - Valuation fee | At cost to bcu* |
| - Lenders Mortgage Insurance (LMI) | At cost to bcu* |
| - Production fee for a third party to produce a document | At cost to bcu* |
| - Bank cheques | At cost to bcu* |
| - Title search administration fee (per loan) | $25 |
| Administration fees (where applicable) | |
| - Consent fee | $200 |
| - Construction loan drawdown fee | $25 |
| - Partial security release | At cost to bcu* |
| - Transfer of security | At cost to bcu* |
| Discharge of mortgage | |
| - Without settlement (per document) | $350 |
| - With settlement (per document) | $395 |
| Withdrawal of caveat | |
| - Without settlement (per document) | $55 |
| - With settlement (per document) | $160 |
*At cost to bcu refers to costs incurred by bcu resulting from the provision of a product or service requested by the member, which will be passed on to the member.
General fees
Overlimit management fee
If an overdraft or line of credit account exceeds the approved limit by more than $50 within the month, a $10 fee will be charged at the end of the month.
Late payment notification fee
When payment to a commercial loan becomes overdue by 11 and 30 days, we reserve the right to charge a $5 fee.
Management administration fee
When payment to a commercial loan becomes overdue by more than 90 days, we reserve the right to charge a $50 monthly fee.
Collection agent administration fee
Payable when you are in arrears for more than 90 days and we choose to engage an external collection agent, we reserve the right to charge a $100 fee.
Business Overdraft Facility Management Fee
Facility management fee charged half yearly on 30 June and 31 December, based on the facility limit
| Limit up to $20,000 | $35 |
| Limit between $20,001 and $100,000 | $125 |
| Limit between $100,001 and $300,000 | $150 |
| Limit $300,001 and above | $175 |
External dishonour fee
| Direct debit | $6 |
| Electronic payment return fee | $0 |
| Manual trace | $40 |
Government charges
State and federal governments apply various charges relating to the loan amount, security, purchase of property and property settlement, for example:
- Stamp duty
- Registration/discharge of securities
- Duty on duplicate documents
- Searches of land titles
Where applicable these fees and charges are payable by yourself in addition to those shown above.
Further details of applicable government charges are available upon request at any bcu branch or from your Relationship Manager.
Important information
bcu can change the standard fees and charges that apply to lending products and accounts from time to time.
Please refer to the terms of your credit contract (if applicable), or the relevant document below for more information on fees, charges, and notification requirements: