Your Choice Visa Credit Card

 General Lending Rates

• Lending Rate Type: Discount
• Interest Rate: 11.69%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

• Lending Rate Type: Cash Advance
• Interest Rate: 14.69%, Comparison Rate 0.00%
• Repayment Type:
• Loan Purpose:

 Product Features

• Npp Payid Additional Information: Speed isn’t the only major advance of the NPP and Osko. Rather than needing hard-to-remember BSBs and account numbers, Osko users can make transactions using a ‘PayID’. This can be their mobile number, personal email or ABN.

• Card Access Additional Information: Visa Debit Card available to Australian Residents and members aged > 14 years

• Digital Wallet Additional Information: Apple, Samsung and Google Pay can be attached to the product on request.

• Digital Banking Additional Information: Bank 24/7 wherever you are and whenever you want with RAB mobile and internet banking.

• Npp Enabled Additional Information: This account can be used to send an NPP payment.

• Other Additional Information: Combined balances of up to $250,000 per account holder are guaranteed and secured by the Australian Government.

• Other Additional Information: Get in control of your finances and use additional accounts for budgeting.

• Bill Payment Additional Information: Automatic payments can be scheduled to pay your bills and/or split your pay into designated savings accounts.

• Other Additional Information: Ability to make extra payments or repay the balance in full at any time.

• Other Additional Information: Make deposits and withdrawals through a Bank@Post facility at Australia Post outlets. For full details refer to our Conditions of Use. Fees and charges may apply.

• Interest Free Additional Information: Up to 55 days interest free on purchases

 Product Eligibility

• Residency Status - Australian Resident. Additional Information: Individuals must be citizens or permanent residents of Australia.

• Min Age - 16. Additional Information: Borrowers must be aged 16 or older to apply. Applicants under 18 years of age, but over 16 years, may only enter into a loan contract with an adult as a guarantor.

• Employment Status - Ongoing Employment. Additional Information: Borrowers must demonstrate at least 6 months continuing employment history at the time of application.

• Natural Person Additional Information: The customer must be a natural person rather than another legal entity

• Other Additional Information: Product is available to approved borrowers only. Terms, conditions, fees, charges and normal lending criteria apply.

• Other Additional Information: As a customer-owned bank, customers must also become a shareholder of Regional Australia Bank to be eligible to open an account.

 Bank Fees and Charges

• Secure Token Replacement Fee (Event), Amount: 20.00. Additional Information: Secure Tokens are used to authorise large transactions initiated by Internet and Mobile Banking. The initial token is free, but this fee is levied to replace each broken or lost token.

• Direct Debit Dishonour Fee (Event), Amount: 5.00. Additional Information: Applies where a direct debit request is rejected by us due to insufficient funds in your account.

• Inactive Account Fee (Periodic), Amount: 10.00. Additional Information: Applies annually if there are no transactions on your membership in the preceding 12 months.

• Inward Telegraphic Transfer Fee (in Aud) (Deposit), Amount: 15.00. Additional Information: Applies to incoming Real Time Gross Settlement (RTGS)/ Telegraphic Transfers received to your account.

• Over The Counter Fee (Transaction), Amount: 0.00. Additional Information: Applies per counter withdrawal or debit transfer once the monthly limit of 6 included withdrawals is exceeded.

• Emergency Visa Card Fee (Event), Amount: 300.00. Additional Information: Applies if you request us to issue you with an emergency replacement card whilst overseas.

• Your Choice Visa Credit Card Annual Fee (Periodic), Amount: 40.00. Additional Information: Applies on 31st of March each calendar year after initial funding of your “Your Choice Visa” account. Fee does not apply to additional cardholders on the same Your Choice Visa account.

• Duplicate Copy Of Statement (Event), Amount: 12.50. Additional Information: Applies if you request a duplicate copy of a formal account statement.

• Transaction Listing Print Fee (Event), Amount: 2.50. Additional Information: Applies where you ask us to print a listing of your transactions. A minimum fee of $2.50 applies plus $0.50 per additional 2 pages or part thereof to a maximum of $10.00.

• Dormant Account Fee (Periodic), Amount: 15.00. Additional Information: Applies if there is no member generated transaction activity on your account for a period of seven (7) years.

• Electronic Transfer Recall Fees (Event), Amount: 25.00. Additional Information: Applies where you erroneously request a funds transfer to an external account and subsequently ask us to attempt to recall the transaction

• Interest On Over Limit Balances (Event), Amount: Not Listed.. Additional Information: If your account becomes overdrawn default interest will apply on the amount that exceeds the available balance at an interest rate 3% above the Standard Overdraft rate. If your overdraft exceeds its credit limit an interest rate 3% above the existing overdraft rate will apply to the over limit amount for each day the account is over the limit.

• Foreign Currency Cheque Dishonour Fee (Event), Amount: 30.00. Additional Information: Applies when a foreign currency cheque or draft that has been deposited into an account has been dishonoured.

• Electronic Transfer Trace Fees (Event), Amount: 10.00. Additional Information: Applies where you erroneously request a funds transfer to an external account and subsequently request us to check the transaction.

• Replacement Card Fee (Event), Amount: 5.00. Additional Information: The initial card on each account, replacements for defective cards and automatic card renewals are free, however a fee applies for each replacement card ordered at your request.

• Document Searches (Event), Amount: 50.00. Additional Information: Charged per hour, or part thereof, when you request us to retrieve historical documents related to your account.

• Default Notice Fee (Event), Amount: 30.00. Additional Information: Applies when you fail to make your contracted repayments and we are required to issue a default notice to you.

• Bank@post Transaction Fee (Transaction), Amount: 0.00. Additional Information: Applies when you perform a deposit or withdrawal on your account through a Bank@Post outlet. This fee also applies if your transaction is declined.

• Cheque Deposit Fee (Deposit), Amount: 0.50. Additional Information: Your first 10 cheque deposits to your membership each month are free, each subsequent deposit will be charged per cheque.

• Over Limit Fee (Event), Amount: 3.50. Additional Information: Applies for each day that a Direct Debit or Cheque transaction is debited to a member which results in a deposit or overdraft account being drawn beyond its available balance or limit.

• Declined Visa Dispute Fee (Event), Amount: 20.00. Additional Information: Applies where you opt to dispute or request further information from the merchant about a Visa transaction. The fee will only apply to each dispute where evidence suggests you participated in or authorised the transaction, or failed to sufficiently protect your card details.

• Foreign Cheque Deposit Fee (Deposit), Amount: 10.00. Additional Information: Applies to each foreign cheque, whether in Australian dollars or another currency, deposited into your account.

• Currency Conversion Fee (Transaction), Amount: Not Listed.. Additional Information: Applies to withdrawals and purchases made outside of Australia using your Regional Australia Bank Visa Debit or Access Card.

• Cheque Deposit Dishonour Fee (Event), Amount: 12.50. Additional Information: Applies to each cheque deposited to your account that is dishonoured by the drawer’s bank.

 Limitations & Restrictions (Constraints)

• Min Limit of 500.00 Additional Information: A minimum loan amount of $500 applies to this product.

 Document Downloads

  visa-conditions-of-use.pdf (374.7 KB)