Retirement Access Account

 General Lending Rates

 Product Features

• Other Additional Information: Fraud Money Back Guarantee: Customers may be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted us promptly

• Digital Banking Additional Information: Card Lock: Customers can temporarily lock their debit card associated with the bank account, using the mobile banking app if they lose or misplace their card, for up to 15 days

• Digital Banking Additional Information: A digital version of your credit or debit card, available in the Bank of Melbourne App. Once you've received and activated your physical card, set up your Digital Wallet and start making payments on the go.

• Digital Banking Additional Information: Spend Tracker groups your transactions into categories to give you helpful insights on your spending habits

• Digital Banking Additional Information: Quick balance: Customers can see available balances in their accounts at a glance on your smartphone or watch

• Notifications

• Digital Wallet Additional Information: Multiple ways to pay, securely, with mobile wallet. Pay on the go simply and securely from your mobile device at millions of stores worldwide, where contactless payments are accepted - compatible with Apple Pay.

• Digital Wallet Additional Information: Multiple ways to pay, securely, with mobile wallet. Pay on the go simply and securely from your mobile device at millions of stores worldwide, where contactless payments are accepted - compatible with Google Pay.

• Digital Wallet Additional Information: Multiple ways to pay, securely, with mobile wallet. Pay on the go simply and securely from your mobile device at millions of stores worldwide, where contactless payments are accepted - compatible with Samsung Pay.

• Digital Wallet Additional Information: Multiple ways to pay, securely, with mobile wallet. Pay on the go simply and securely from your mobile device at millions of stores worldwide, where contactless payments are accepted - compatible with Beem It: an app that links to your debit card to make, receive and split payments fast - no matter who the customer banks with.

• Other Additional Information: Digital Card - Boost your card security by using the dynamic CVV. Access your card details anytime, anywhere. Be assured that you will have uninterrupted access to your funds even if your card is lost or stolen.

• Unlimited Txns Additional Information: No ATM withdrawal fee at any major bank ATM in Australia and over 50,000 ATMs around the world via the Global ATM Alliance and partner ATMs (other fees may apply)

• Other Additional Information: Bank of Melbourne has an extensive branch network that provides the complete range of banking services to our customers. Our friendly staff are on hand to help you in any of our branches and over the phone

• Digital Banking Additional Information: Customers can sign in to the mobile banking app simply and securely using their fingerprint on compatible devices.

• Digital Banking Additional Information: With PayTo, you can see, review and authorise all new PayTo payments for things such as recurring bills, memberships and subscriptions before the money leaves your account.

• Loyalty Program Additional Information: Explore ShopBack offers and earn bonus Cashback when you shop via the Bank of Melbourne Lounge on ShopBack. Terms & Conditions apply.

• Other Additional Information: Statements : We will send statement every 6 monthly, or more frequently on request

• Other Additional Information: You can pay bills using BPAY

• Other Additional Information: You can make direct debits and periodical payments

• Other Additional Information: Gambling block requests : The gambling block is a feature available on Visa Debit Cards and Freedom Cards. On eligible cards, the feature is, by default, unblocked, unless otherwise requested by you. When the gambling block is enabled on your card, we may decline authorisation requests that are identified with the merchant category code for gambling. We will continue to decline these card authorisation requests until you request to unblock your card. The unblock request may take up to 2 days to process.

• Other Additional Information: Electronic Statements : As an alternative to receiving paper statements in the mail, electronic statements and other important information on one or more of your eligible deposit accounts may be given via Internet Banking together with an email notifying you when the statement is available. You may agree or consent to electronic statements, or we may notify you that statements will be made available electronically instead of by mail.

• Other Additional Information: We provide the following features : Cheque Access, Stopping Cheque payments, Periodical payments or regular transfers, Direct debits, Recurring payments

• Card Access

• Fraud Protection Additional Information: The product includes limited range of FRAUD_PROTECTION features.

• Relationship Management Additional Information: RELATIONSHIP_MANAGEMENT is available for eligible customers.

 Product Eligibility

• Min Age - 55. Additional Information: Personal customers who are aged 55 years and over who tell us they are retired.

• Residency Status - Those With An Australian Residential Address And Who Are Currently In Australia..

• Other Additional Information: The card must be linked to an eligible Bank of Melbourne account

• Other Additional Information: You must be retired to be eligible for this product

 Bank Fees and Charges

• Account Keeping Fee (Periodic), Amount: 0.00.

• Overseas Withdrawal Fee (Withdrawal), Amount: 5.00. Additional Information: The fee is Nil ($0) for cash withdrawals from Global ATM Alliance and Westpac Group partner ATMs. To find an overseas ATM visit the link below

• Foreign Currency Conversion Fee (Transaction), Amount: Not Listed..

• Periodical Payment (Payment), Amount: 0.00. Additional Information: This fee is charged for an automated transfer of funds that we make on a regular basis at your request from your account to another specific account. The fee is charged at the time the transaction occurs.

• Overdrawn Fee (Event), Amount: 15.00.

• Cash Withdrawals Fee (Withdrawal), Amount: 0.00. Additional Information: Cash withdrawals on major bank ATMs in Australia (Certain ATM providers may still charge a fee)

• Frequent Statement (Event), Amount: 0.00. Additional Information: An additional statement provided to you.

 Document Downloads

  savinvestransaccounts-terms.pdf (636.0 KB)