Thumbnail icon for Newcastle Permanent

Newcastle Permanent Basic Access Account

Account fee
$0.00
Payment options
PayID
Interest rate
0% p.a.

Mozo editorial review Newcastle Permanent Basic Access Account

Last updated: 17 March 2020.

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What's hot
  • No account keeping fees
  • PayID available
  • Free internet and phone banking
What's not
  • $5.00 overseas ATM fee
Mozo snapshot

The Newcastle Permanent Basic Access Account is a no frills option perfect for everyday banking. With no monthly fees and free banking over the phone and online, this account could provide you with all of your basic banking needs without excess costs.

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Key features

Nobody likes paying fees for a bank account, which is why the Newcastle Permanent Basic Access Account will leave you smiling with its simplicity and low cost. You won’t pay a cent in account fees or for internet and phone banking, but the flip side is that like many transaction accounts any money you have in it won't earn interest.

With four free withdrawals per month using EFTPOS or over the counter withdrawals you’ll be able to keep account costs down even more. There is also a standard $0.60 EFTPOS fee and $2.50 over the counter withdrawal fee.

The Newcastle Permanent Basic Access Account comes with a Visa debit card which features tap and go capability using Visa payWave as well as access to Visas worldwide network of ATMs. Just keep in mind that if you are travelling abroad you’ll incur a $5.00 overseas ATM withdrawal fee, and there’s also a 3.00% foreign exchange commission when paying with your card.

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Who is it good for

Consumers looking for a straightforward, low-fee bank account will love the Newcastle Permanent Basic Access Account, especially if they’re able to make use of the four free monthly transactions on offer.

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Any catches

Like many other transaction accounts you won’t earn any interest with the Basic Access Account, so you’ll be better off finding a high interest savings account as the best place to stash the bulk of your cash.

Details

Rates and fees information correct as at 22 September 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.

  • n/a

  • n/a

Fees
  • $0.00

  • n/a

  • 4 free transactions network ATM, EFTPOS and counter withdrawals. Free internet banking, BPay, counter deposits and Visa Debit card purchases.

  • $0.00

  • Newcastle Permanent

  • $0.00

  • $0.00

  • $2.50

  • $0.60

  • $0.00

  • $0.00

  • n/a

  • $5.00

  • 3.00%

  • $0.00 monthly

Other financial bits
  • $0.00

  • $0.00

Features
  • $1,000.00

  • no

  • no

  • yes

  • yes

  • no

  • yes

  • no

  • none

  • none

Atm card
  • none

  • none

  • none

Debit card
  • $5.00

  • $0.00

  • 3.00%

Payment options

PayID

Customer Reviews

How are Newcastle Permanent bank accounts rated by the Mozo community?

Overall
8.2/10
Price
7.6/10
Features
7.0/10
Customer service
8.6/10
Convenience
8.4/10
Trust
8.4/10

Latest reviews of Newcastle Permanent Basic Access Account

  • Overall 4/10
    Great access to branches but it's just a bank.

    I like the bank but there is no interest on my account.

    Read full review

    I like the bank but there is no interest on my account.

    Price
    2/10
    Features
    2/10
    Customer service
    4/10
    Convenience
    8/10
    Trust
    5/10
    Less
    Debra, New South Wales reviewed 10 months ago
  • Overall 9/10
    Great customer service.

    They care and prioritise their customers first, not themselves. Best building society in the world!

    Read full review

    They care and prioritise their customers first, not themselves. Best building society in the world!

    Price
    5/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    4/10
    Trust
    10/10
    Less
    Grant, New South Wales reviewed about 1 year ago
  • Overall 8/10
    Good service

    Great staff, they are very helpful.

    Read full review

    Great staff, they are very helpful.

    Price
    -1/10
    Features
    -1/10
    Customer service
    7/10
    Convenience
    7/10
    Trust
    7/10
    Less
    Michelle, New South Wales reviewed almost 2 years ago
  • Overall 3/10
    No - as per above their customer service is poor

    I recently had a Fraudulent Claim made against my Visa Debit Card which is attached to My Daily Savings Acct where my pay is deposited. I called NPBS within 15mins of the Claim being made & tried to have them block it. I could show them online that the site claiming Funds had SCAM Alerts listed but they would do nothing. My Statement said Funds still in My Acct but "unavailable". I was greatly distressed to learn that if my whole pay had've been fraudulently siphoned out of my Acct -NPBS would do nothing! They advised me to wait 7 days to see if funds where re-credited -Ha! They then said I could apply for an investigation which would take another 21 to 28 days. I lost $70. Cancelled Visa Debit completely. I have No Faith in NPBS to protect my interests or my money! & thus the poor ratings I gave in your survey above.

    Read full review

    I recently had a Fraudulent Claim made against my Visa Debit Card which is attached to My Daily Savings Acct where my pay is deposited. I called NPBS within 15mins of the Claim being made & tried to have them block it. I could show them online that the site claiming Funds had SCAM Alerts listed but they would do nothing. My Statement said Funds still in My Acct but "unavailable". I was greatly distressed to learn that if my whole pay had've been fraudulently siphoned out of my Acct -NPBS would do nothing! They advised me to wait 7 days to see if funds where re-credited -Ha! They then said I could apply for an investigation which would take another 21 to 28 days. I lost $70. Cancelled Visa Debit completely. I have No Faith in NPBS to protect my interests or my money! & thus the poor ratings I gave in your survey above.

    Price
    4/10
    Features
    4/10
    Customer service
    1/10
    Convenience
    6/10
    Trust
    0/10
    Less
    Bel, New South Wales reviewed almost 2 years ago
  • Overall 3/10
    Good

    Could be better.

    Read full review

    Could be better.

    Price
    4/10
    Features
    5/10
    Customer service
    4/10
    Convenience
    6/10
    Trust
    3/10
    Less
    Joshua, New South Wales reviewed almost 2 years ago
Newcastle Permanent

About Newcastle Permanent

Newcastle Permanent is an independent, mutual retail financial services provider which offers a genuine alternative to traditional banks. It has comprehensive range of retail banking products and services such as savings accounts, bank accounts, home loans, personal loans, credit cards, and insurance. Newcastle permanent also provides meaningful support for the communities it serves.

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