Newcastle Permanent Basic Access Account

$0.00

Newcastle Permanent

Visa Debit

Newcastle Permanent Basic Access Account Review

Rates and fees information correct as at 22 June 2018.

Review published: 8 March 2017

What's hot:

  • No account fees

  • Free internet and phone banking

  • Four free network ATM, EFTPOS or counter withdrawals per month

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, the account will provide you with your basic banking needs without excess costs.

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 it doesn’t come with an interest rate.

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’re travelling abroad you’ll incur a $5.00 overseas ATM fee, while there’s also a 3.00% foreign exchange commission.

Who it's 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.

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.

The Mozo community has not yet rated Newcastle Permanent for this bank account.

Rates

  • Balances from $0: 0.00% p.a.

  • none

  • n/a

Fees

  • $0.00

  • none

  • 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

  • none

  • $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%

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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