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!
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 Big Four ATM (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!
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.
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.
Balances from $0: 0.00% p.a.
n/a
n/a
$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
$0.00
$0.00
$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.
$5.00
$0.00
3.00%
$5.00
$0.00
3.00%
Apple Pay, Google Pay, PayID, Samsung Pay
Customer serviced is excellent and treats you as a person not a number, asks if you require any further assistance with anything and keeps you informed by email of any changes.
Read full reviewCustomer serviced is excellent and treats you as a person not a number, asks if you require any further assistance with anything and keeps you informed by email of any changes.
I dislike the bank because your as greedy as any other bank. You use my money for fractional lending and make millions. My money in a term deposit makes pitiful interest and because I take it out a week or two before expiration and you take three quarters of the interest earned for yourselves and give me the smallest portion.
Read full reviewI dislike the bank because your as greedy as any other bank. You use my money for fractional lending and make millions. My money in a term deposit makes pitiful interest and because I take it out a week or two before expiration and you take three quarters of the interest earned for yourselves and give me the smallest portion.
My bank is a very personalised service. My enquires are always resolved with professionalism and friendly service.
Read full reviewMy bank is a very personalised service. My enquires are always resolved with professionalism and friendly service.
Never had a problem that my bank could not fix swiftly. They are helpful and friendly.
Read full reviewNever had a problem that my bank could not fix swiftly. They are helpful and friendly.
If I had to describe them in one word it would be reliable.
Read full reviewIf I had to describe them in one word it would be reliable.
P&N Bank is Western Australia's largest mutual bank, and offers competitive rates and fees that are personalised to its members. Formerly Police & Nurses Credit Society, P&N has served the local Western Australian community for over 30 years, and provides a range of quality banking and financial services including credit cards, bank and savings accounts, term deposits, home and personals loans, and insurance products. As a mutual bank, every member has a say, and profits go directly back into benefiting its members.
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