P&N Bank logo

P&N Bank & Transaction Account

Advertiser disclosure
Account fee
$0.00
Payment options
Apple Pay, Google Pay, PayID, Samsung Pay
Interest rate
0% p.a.

Mozo editorial review P&N Bank & Transaction Account - last updated: 9 March 2021

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What's hot
  • No monthly account fee
  • Apple, Google and Samsung Pay available
  • Pay&Save roundup feature
What's not
  • Overseas ATM and purchase fees
Mozo snapshot

The ‘& Transaction Account’ from P&N Bank is an everyday account built for digitally savvy Australians with useful features like digital wallet compatibility and even an automatic roundup tool. Even better, there are zero monthly account fees!

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Key features

P&N Bank’s & Transaction Account can be accessed over the phone, online or through the P&N Bank App via which you’ll be able to manage your money and make transactions. And if you fancy popping into a branch, you’ll be able to make over the counter deposits or withdrawals for free. 

Speaking of withdrawals, customers will be able to use their debit card to withdraw cash for free from their & Transaction Account at any major bank ATM in Australia (ANZ, CBA, NAB and Westpac). 

When it comes to fees, the good news is that P&N Bank doesn't charge a monthly account fee. However, if you travel overseas you will want to watch out for the $5 ATM withdrawal fee (plus any other ATM network charges) and the 3.00% foreign exchange commission on debit card transactions. 

Smartphone users will be happy to know that they can leave their physical P&N Bank card at home, as P&N offers digital wallets such as Apple Pay, Google Pay and Samsung Pay. Plus they can make the most of the New Payments Platform and instant payments with PayID and Osko integration. 

The account even comes with an optional roundup tool - Pay&Save. Should users wish, they can switch on the Pay&Save tool which rounds up every linked debit card purchase to the nearest dollar and deposits it into a linked P&N Bank savings account. An easy way to save!

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Who is it good for

The & Transaction Account from P&N Bank could be a solid choice for everyday banking use, particularly for more digitally savvy customers who can make the most of the digital wallet and roundup features. 

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Any catches

As we mentioned above, the account does come with a few fees that may come into play overseas, so it may be worth looking for an additional travel-friendly money option if you’re planning an international trip. 

Details

Rates and fees information correct as at 24 October 2021. 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

Unlimited free transactions from EFTPOS, network ATMs, counter withdrawals, phone, internet, BPAY and visa transactions.

$0.00

None

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$0.00

$5.00

3.00%

$0.00 monthly

Other financial bits

$0.00

$0.00

Features

$1,000.00

yes

no

yes

yes

no

yes

no

none

Pay&Save - an automatic round up on Visa debit purchases to the nearest dollar with the difference transferred to a linked P&N savings account.

Atm card

$5.00

$0.00

3.00%

Debit card

$5.00

$0.00

3.00%

Payment options

Apple Pay, Google Pay, PayID, Samsung Pay

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