Transaction Accounts
Choose from a range of transaction accounts to help manage the everyday banking needs of individuals and families.
BCU Bank Access and Savings accounts
A transaction account that covers all your everyday banking needs. Open your new account online in minutes and access your instant Visa Debit card.
An account for over 55s – a flexible everyday account that earns a competitive interest rate. Open your new account online in minutes and access your instant Visa Debit card.
A fee free transaction account for those with an eligible Commonwealth Government concession card. Enquire in branch to open your new account and you'll be able to access your money when you need with your Visa Debit card, BCU iBank or the BCU Bank app.
Find the right transaction account for you
BCU Bank offers a range of accounts, that include online banking features for members at all stages of life.
The Access Account is an everyday transaction account with minimal ongoing fees and added benefits – including access to your money whenever you need using your instant Visa Debit card, BCU iBank or the BCU Bank app, or withdrawing funds from an ATM.
If you’re aged 55+, BCU Bank’s Advantage Saver Account may be ideal for you. A combined transaction and savings account, the Advantage Saver comes with no monthly fees and competitive interest rates.
If you have a Commonwealth Government concession card, you may be eligible for a fee-free concession transaction account with BCU Bank. Our Concession Account features instant Visa Debit card access and unlimited free transactions.
Manage your accounts anytime with ease
BCU iBank and the BCU Bank app give you secure and convenient access to your transaction or savings account online, or on the go on your smartphone. Stay connected and take advantage of a range of features and benefits, including:
- Simple Osko payments using PayID for funds to be received within minutes.
- Immediately replace lost or stolen cards with instant virtual cards.
- Full card controls to activate, lock, cancel or replace your card when you need to.
After registering for digital banking, log in to your BCU account to access BCU iBank. You can download the BCU Bank app from the App Store or Google Play any time for free.
Frequently asked questions
The best everyday bank account for you depends on your financial circumstances and personal objectives. Each bank offers everyday banking accounts with different features and benefits. For example, some may require you to pay a monthly account keeping fee.
BCU Bank offers a selection of transaction accounts for account holders of different ages. None of our transaction accounts have a monthly account keeping fee, and BCU Bank offers a selection of transaction accounts for account holders of different ages. None of our transaction accounts have a monthly account keeping fee, and they offer services such as an instant Visa Debit card, BCU iBank or the BCU Bank app, and instant payments with Osko.
The transaction accounts that BCU Bank offer have no monthly fees and minimal transaction fees. A full list of fees and charges that apply to our accounts can be found on our fees and charges page.
A transaction account such as the Access Account is designed for paying day-to-day expenses and is typically paired with a debit card. On the other hand, a savings account is intended for building up your savings, so will often pay interest and doesn’t usually have a card attached.
You can close your BCU account by:
- calling us during business hours on 1300 228 228, or +61 2 5646 5900 if you’re overseas
- getting in touch via WebChat, and logging into BCU iBank so that we can confirm your identity, or
- visiting your local branch with identification.
If the account is two-to-sign, we will need to speak with both account holders before we can close it.
Before closing your account, you should ensure that all recurring payments and direct debits set up from the account are cancelled and any overdrawn balance is cleared in full.
