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  4. Statement Account

Statement Account

  • App banking
  • Online banking
  • Overseas ATM facilities
  • Visa debit card

Monthly fee

$6

Maximum interest rate

0.65%

Statement Account

  • App banking
  • Online banking
  • Overseas ATM facilities
  • Visa debit card

Monthly fee

$6

Maximum interest rate

0.65%

Pros and Cons

For Statement Account

Benefits

  • 45 free transactions per month - a maximum of 5 Over the Counter transactions and 40 EFTPOS transactions per month
  • Account keeping fee waived for those customers in receipt of a Government pension.
  • Linked Visa debit card
  • App banking available
  • 0.4% - 0.65% interest available

Drawbacks

  • $5 Overseas ATM Withdrawal Fee
  • $5 fees apply for overseas transactions
  • 2.5% fees apply for overseas transactions

Arab Bank Australia Rate Bank Account overview

For Statement Account

Account details

Minimum opening amount

$1

Min. age restrictions

18 years old

Minimum balance

Max. age restrictions

N/A

Interest calculation frequency

Daily

Interest payment frequency

Monthly

Features

Linked account

Send money using PayID

Joint application available

Free international account transfer

Foreign currency

Target Market Determination

Visit Arab Bank Australia Ltd to view Target Market Determination.

Methods of access

Internet banking

ATM access

Phone banking

EFTPOS facility

Branch access

Cheque services

App

App only

Fee details

Monthly fee

$6

Min. deposit for fee free

N/A

ATM & EFTPOS fees

ATM withdrawal fee

$0

Other bank ATM withdrawal fee

Daily ATM withdrawal limit

$1,020

EFTPOS fee

$0.6

Overseas fees

Overseas ATM withdrawal fee

$5

Overseas eftpos fee

$5

Foreign transaction fee

$5

Other transaction fees

Phone transaction fee

$0

Internet transaction fee

$0

Counter withdrawal fee

$2

Free counter transactions

Counter deposit fee

$0

Cheque fee

$0

Cheque dishonour fee

Electronic wallet service

Apple pay available

Google pay available

Samsung pay available

FAQs