BSB 806 015

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BSB 806 015

Budgeting Account

Manage your money effectively by putting aside funds for regular expenses

Monthly Fee


Card Access

Link to any of your P&N cards

Faster payments

Send and receive money in near real time

A P&N Bank Budgeting Account is the ideal banking solution for managing your finances. Use it to put aside money from your everyday transaction account and stay on top of your regular bill and expenses.

  • No monthly fee - get more bang for your buck. We don't charge any monthly fee on this account.
  • Fee free transactions - keep more of your money in your pocket. A range of fee free transactions including BPAY are included in your Budgeting Account.
  • Bank on the go - use the Mobile App and Internet Banking to access your account anytime, anywhere and make fee-free transactions.
  • Best of both worlds - separate your accounts to help manage your money and budget for regular bills and expenses.
  • Faster Payments - send and receive money in near real time between participating banks, or set-up your PayID on your account for easier, faster payments through Osko.

 Pay ID    Osko

  • ATM access - link your account to an existing card and access your money at all major bank ATMs across Australia, including the atmx by Armaguard network.
  • mymo - our budgeting app lets you link all your accounts from all financial institutions, and be empowered to better manage your income and expenses. 

Interest rates

Product Name Tier Rate
Interest Calculated Interest Credited
Budgeting Account $0 - $99,999 0.01% p.a. Minimum monthly balance Last day of every month
Budgeting Account > $100,000 0.05% p.a. Minimum monthly balance Last day of every month

Did you know we have a budgeting app?

Meet mymo by P&N Bank

mymo is P&N Bank's budgeting app, and your personal financial assistant.

Learn more about mymo

Budgeting Account fees & charges

Account fees & charges
Monthly Base Balance Fee


Base Balance


Unlimited Free Transactions
  • Payroll Credit
  • Direct Credit
  • Bank@Post™ deposit¹
  • Internet Banking Transfer
  • Mobile App Transfer
  • Phone Banking Transfer
  • Express Cheque Deposit
  • Cheque Deposit
  • Cash Deposit (notes)
  • Direct Debit from another institution to P&N Bank
  • Internet Banking Transfer
  • Mobile App Transfer
  • Phone Banking Transfer
  • BPAY®
  • Auto Transfer (internal/external)
  • Direct Debit
  • Cash Withdrawal
  • Manual Transfer
Transaction fees & charges
Bank@Post™ withdrawal1$3.00 per transaction
Visa purchaseNot available
Cheque withdrawalNot available

The table above covers fees and charges related to this product.

Other fees & charges that apply to all of our accounts can be found on our fees and charges page.

¹ Bank@Post™ deposits and withdrawals are available only with an P&N ATM Card or VISA Card. Cheques must be made out in the name of the cardholder to be accepted at Bank@Post™ and are subject to 4 working days clearance.

® Registered to BPAY Pty Ltd ABN 69 079 137 518 

It’s easy to apply for a Budgeting Account with P&N Bank.

For existing members:

Apply online

If you're 18 years of age with Internet banking access you can Log In and go to Apply. You can open an &Transaction account and a range of other savings and term deposit accounts in minutes.

Over the phone

Call us on 13 25 77 and one of our friendly consultants can assist you.

In person

Apply for a bank account at your nearest branch.

For new members:

Apply online

If you are not an existing P&N Bank member you can open your account online.

To apply for an account online you must:

  • be 18 years of age
  • be an individual
  • be an Australian resident with a current Australian residential address, and
  • have a valid Australian Drivers Licence or an Australian Passport and Medicare card.

To open a new account you must become a P&N Bank member.

You don’t have to quote your Tax File Number or claim an exemption, however, if you don’t, you could have withholding tax deducted from any interest credited. You can supply your Tax File Number at any time by visiting a branch or contacting us.

In person

Apply for a bank account at your nearest branch. You must be 12 years of age or older.

If you’re joining as a brand new member, you need your Australian driver's licence or a valid passport. You can also use one form of primary ID without your photo (eg. your birth certificate or citizenship papers) with one form of secondary ID (eg. your most recent power bill). Original and certified copies of documents are accepted.

Up to 0.05 % p.a. Interest Rate


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