Why choose a Concession Account?
Visa Debit card
Use your card online, or when you’re stepping out.
No dishonour or overdrawn fees
Bank on your terms without worrying about fees.
Fee-free banking
Save money with no monthly or transaction fees.
Bank online, 24/7
Easily transfer money and pay bills using internet banking or our mobile app.
Simple ways to access your money
- Available to eligible government concession card holders.
- Make purchases online or in-store using your Visa Debit card, including payWave.
- Transfer or make payments using our mobile app or internet banking.
- Free cash withdrawals at atmx terminals and all major bank ATMs across Australia.
- Use card controls to block transactions you don’t need such as online, overseas or Visa payWave.
- Lost your card? Lock it temporarily while you look for it, or cancel it and request a new one (you’ll get a new digital card instantly).
Budget like a boss with mymo
mymo is your personal banking buddy. It’s an app you can use with your P&N Bank accounts to help you budget like a boss.
Link up all your bank accounts to see all your income and expenses at a glance, track your spending, and set up bill reminders. Budget smarter, save more, and waste less.
Rates & fees
Your money without all the bells and whistles – just a good, old-fashioned bank account.
Interest rates
| Interest rate |
Interest calculated
|
Interest credited |
|---|---|---|
| 0.00% p.a. | N/A | N/A |
| The basics | |
|---|---|
| Monthly fee | $0 |
| Minimum monthly balance | No |
| Everyday transactions | |
|---|---|
| EFTPOS and Visa purchase | Free |
| Withdrawal at atmx and major bank ATMs in Australia | Free |
| Internet banking & mobile app transfer | Free |
| BPAY® transaction | Free |
| Direct debits and direct credits | Free |
| Non-standard transactions | |
|---|---|
| Bank@Post™ withdrawal | $3.00 |
| Bank@Post™ deposit | Free |
| Card replacement - standard | $10.00 |
| Dishonour fees | |
|---|---|
| Auto Transfer Dishonour Fee | $0 |
| Direct Debit Dishonour Fee | $0 |
| Overdrawn Account Management Fee | $0 |
| Referral Fee | $0 |
Other fees and charges may apply. For more information, please read the full list of account fees and charges.
How to open a Concession Account
What you’ll need
To open a Concession Account, you’ll need to:
- Be at least 18 years old
- Live in Australia with a current residential address
- Be applying as an individual (not a business or association)
- Hold an eligible Commonwealth Government concession card. We accept:
- Commonwealth Seniors Health Card
- Pensioner Concession Card
- Health Care Card
- Department of Veteran's Affairs Card (DVA)
New customer
If you don’t already bank with us, you’ll need to visit one of our branches so we can verify your identity.
Existing customer
If you’re an existing customer, you can open a Concession Account in a branch or over the phone.
When visiting a branch to open a Concession Account, make sure you bring:
- Your eligible concession card
- The identification documents required to open an account (e.g. Australian driver’s licence, passport, or other acceptable ID)
If you’re unsure about what to bring with you, just call us on 13 25 77 – we’re always happy to help.
Don’t forget! If you’re opening a Concession Account in joint names, both applicants must bring their own eligible concession card .
We're here to help
Get answers online
Got a question? Our help centre is the ideal place to start.
Important information
Banking and Credit products issued by Police & Nurses Limited (P&N Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply.
Read the relevant product terms and conditions before deciding if a product is right for you.
An overdraft facility is not available on a concession account, and it is not permitted to overdraw.
Bank@Post™ deposits and withdrawals are available only with a P&N VISA Card. Cheques must be made out in the name of the cardholder to be accepted at Bank@Post™ and require a minimum of 7 business days for clearance.
BPAY® is registered to BPAY Pty Ltd ABN 69 079 137 518.