Partnership Advantage Offset Account

 General Lending Rates

 Product Features

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

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

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

• Additional Cards Additional Information: An initial card on each account, replacements for defective cards and automatic card renewals are free. A fee applies for each additional card ordered at your request.

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

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

• 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.

• 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.

• 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: Get in control of your finances and use up to 7 additional sub-accounts for budgeting. All sub-accounts can be linked to your Partnership Advantage Loan.

• Other Additional Information: The Partnership Advantage Offset Account provides 100% offset against your Partnership Advantage (variable rate and owner occupied) Home Loan.

 Product Eligibility

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

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

• Other Additional Information: This account is only available to borrowers that have an Owner Occupied Partnership Advantage Home Loan.

• Other Additional Information: This account can only be linked to a Partnership Advantage Home Loan in the same name or names. No other Home Loan types are able to be linked to this account to reduce interest rate charges.

• 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

• 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.

• 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.

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

• 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.

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

• 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.

• 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.

• 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.

• 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.

• 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.

• 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

• 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.

• 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.

• 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.

• 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.

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

• 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.

• 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.

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

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

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

• 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.

• 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.

• 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.

• 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 Book Fee (Event), Amount: 0.80. Additional Information: Charged per cheque when you order a cheque book for your account. ~For existing cheque book holders only~

• 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.

• 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.

• 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.

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

• 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.

• 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.

• 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.

• Over The Counter Fee (Transaction), Amount: 0.00.

• 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.

• 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.

 Limitations & Restrictions (Constraints)

• Min Balance of 1.00 Additional Information: A minimum balance of $1 is required to earn interest on this product.

 Document Downloads

  account-and-access-facility-conditions-of-use.pdf (396.0 KB)