Personal Mortgage Overdraft

 General Lending Rates

• Lending Rate Type: Variable
• Interest Rate: 9.07%, Comparison Rate 0.00%
• Repayment Type: Interest Only
• Loan Purpose: Investment

 Product Features

• Notifications Additional Information: Track payments with SMS and email alerts.

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

• Npp Payid Additional Information: This account can be used as the target of an NPP PayID.

• 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 apply.

• Unlimited Txns Additional Information: ATM, Internet, Mobile & Phone Banking transactions. No withdrawal fees at Regional Australia Bank ATMs. Transactions at other financial institutions’ ATMs may incur a fee.

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

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

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

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

• Overdraft Additional Information: An approved Overdraft is included and can be accessed at any time.

• Card Access Additional Information: Visa Debit Card available to Australian Residents and members aged > 12 years

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

 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 co-applicant or guarantor.

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

• 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: 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

• 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.

• Outward Telegraphic Transfer Aud Fee (to Australian Account) (Withdrawal), Amount: 35.00. Additional Information: Applies to Real Time Gross Settlement (RTGS)/ Telegraphic Transfers to an account within Australia.

• 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.

• Cheque Copy Or Trace Fee (Event), Amount: 15.00. Additional Information: Applies where you request a copy of: a personal cheque you have written or deposited; a Regional Australia Bank cheque; or an ANZ deposit slip. Also applies where you wish to determine if a cheque you have written has been deposited or reached its intended destination.

• 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.

• Overseas Draft Cancellation Fee (Event), Amount: 25.00. Additional Information: Applies when you ask us to cancel an overseas draft.

• Foreign Cash Fee (Transaction), Amount: Not Listed.. Additional Information: Applies when you purchase foreign cash from us or wish to deposit foreign cash into your account. Minimum fee of $10.00 applies.

• 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.

• 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.

• Registration Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a mortgage relating to a property offered as security for your loan.

• Registration Of Discharge Of Mortgage (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a discharge of mortgage relating to a property held as security for your loan.

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

• 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.

• Cash Handling Fee - Members (Event), Amount: Not Listed.. Additional Information: Applies when you order bulk cash/coin from us. Minimum Fee Amount - $10.00

• Agency Settlement/handing Fee (Variable), Amount: Not Listed.. Additional Information: Applies in the event that we require an agent to attend a settlement or handle documentation, relating to your loan.

• 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.

• 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.

• Replacement Certificate Of Title (Variable), Amount: Not Listed.. Additional Information: Applies when you request a replacement certificate of title relating to mortgaged property that is held as security for your loan.

• Title Search (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to perform a title search relating to a property offered, or held, as security for your loan.

• 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.

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

• Loan Top Up Fee (Event), Amount: 195.00. Additional Information: Applies on approval of an additional borrowing against a property that we hold an existing mortgage over.

• Property Valuation Costs (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to value each property offered or held as security at the commencement of your loan, and when required throughout the life of your loan.

• 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

• Overseas Draft Fee (Event), Amount: 12.50. Additional Information: Applies when you order a draft from us.

• Stop Payment On Cheque Fee (Event), Amount: 12.50. Additional Information: Applies where you request us to cancel a personal or Regional Australia Bank cheque drawn on your account.

• Over Limit Fee (Event), Amount: 3.50. Additional Information: Applicable if you exceed an approved overdraft limit linked to your account.

• Owner Builder Loan Approval Fee (Upfront), Amount: 500.00. Additional Information: Applied on approval of your Owner Builder Facility loan, prior to the initial drawdown.

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

• 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.

• Outward Telegraphic Transfer Aud Fee (to Foreign Account) (Withdrawal), Amount: 50.00. Additional Information: Applies to Real Time Gross Settlement (RTGS)/ Telegraphic Transfers to an account in a foreign country in Australian dollars.

• Late Payment Notice Fee (Event), Amount: 20.00. Additional Information: Applies when you fail to make your contracted repayments by the repayment due date.

• Financial Institution Cheque Fee (Event), Amount: 11.00. Additional Information: Applies for each bank cheque you order from us.

• Access Fee (Periodic), Amount: 0.00. Additional Information: The Access Fee is a flat monthly fee which entitles your membership to unlimited withdrawals via EFTPOS, ATMs, Internet, Phone and Mobile Banking.

• Cheque Book Fee (Event), Amount: 0.80. Additional Information: ~Not available for new customers~ Charged per cheque when you order a cheque book for your account.

• 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.

• Registration Of Transfer (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to register a transfer of land relating to a property held as security for your loan.

• Personal Cheque Dishonour Fee (Event), Amount: 12.50. Additional Information: Applies to each personal cheque drawn from your account where there are insufficient funds in the account to cover the value of the cheque.

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

• 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.

• Pexa Processing Fee (Variable), Amount: Not Listed.. Additional Information: Applies when we process a settlement relating to your loan through PEXA.

• Outward Telegraphic Transfer Foreign Currency Fee (Withdrawal), Amount: 30.00. Additional Information: Applies to Real Time Gross Settlement (RTGS)/ Telegraphic Transfers to an account in a foreign country in the destination currency.

• Discharge Of Mortgage Preparation (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to prepare discharge of mortgage documentation relating to a property held as security for your loan.

• 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.

• Loan Restructure Fee (Upfront), Amount: 200.00. Additional Information: Applies when you switch your existing Regional Australia Bank home loan to a different loan type, other than a Partnership Advantage.

• Online International Payment (Transaction), Amount: 20.00. Additional Information: Applies to each International Payment you perform through Internet Banking.

• 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.

• Temporary Overdraft Approval Fee (Event), Amount: 90.00. Additional Information: Where we allow you to draw on a temporary overdraft to assist with mortgage related costs this fee will apply.

• Mortgage Documentation Preparation (Variable), Amount: Not Listed.. Additional Information: Applies when we are required to prepare mortgage documentation relating to a property offered as security for your loan.

 Limitations & Restrictions (Constraints)

• Min Limit of 3000.00 Additional Information: A minimum overdraft amount of $3,000 applies to this product.