Deposit Account Fees & Charges

Banking Relationship $50,000 or more Total Access Account (S1) Redi-Access Account (S13) Senior Savers Account (S65)

At-Call Passbook Accounts (S5 & S12)

*S12 no longer available

Monthly Service Fee N/A N/A N/A N/A
rediATM / NAB / BOQ / Suncorp   Unlimited free   N/A
EFTPOS   Unlimited free   N/A
Over the counter cash wdls   Unlimited free   Unlimited free
Bank@Post   Unlimited free   N/A
Internal Transfers   Unlimited free   Unlimited free
Auto Sweep   Unlimited free   Unlimited free
BPAY   Unlimited free   Unlimited free
Electronic Funds Transfer   Unlimited free   Unlimited free
Personal Cheques Unlimited free N/A N/A N/A

 

Banking Relationship $20,000 - $49,999.99 Total Access Account (S1) Redi-Access Account (S13) Senior Savers Account (S65)

At-Call Passbook Accounts (S5 & S12)

*S12 no longer available

Monthly Service Fee N/A N/A N/A N/A
rediATM / NAB / BOQ / Suncorp   Unlimited free   N/A
EFTPOS   Unlimited free   N/A
Over the counter cash wdls   Unlimited free   Unlimited free
Bank@Post   Unlimited free   N/A
Internal Transfers   Unlimited free   Unlimited free
Auto Sweep   Unlimited free   Unlimited free

 

Banking Relationship up to $19,999.99 Total Access Account (S1) Redi-Access Account (S13) Senior Savers Account (S65)

At-Call Passbook Accounts (S5 & S12)

*S12 no longer available

Monthly Service Fee $5.00 N/A N/A $5.00
rediATM / NAB / BOQ / Suncorp Exemption applies if minimum monthly balance is greater than $3,000 N/A N/A N/A
EFTPOS 4 free per month Combined total of 4 free per month Combined total of 8 free per month N/A
Over the counter cash wdls Unlimited free     4 free per month
Bank@Post       N/A
Internal Transfers   Unlimited free   Unlimited free
Auto Sweep   Unlimited free   Unlimited free

Monthly Service Fees do not apply to Special Purpose Saving Accounts.

The banking relationship benefits as detailed on page two are applicable for all your account types.

The following table details account access and transaction limits. Direct debits are not permitted on these accounts.

On-Line Saver Account (S70) iSaver (S80) Superfund Maximiser Account (S75) Access Saver Account (S60) Mortgage Offset Account (S10)
24 hour unlimited access via *internet or telephone banking only 24 hour unlimited access via *internet banking only 24 hour unlimited access via *internet or telephone banking only 24 Hours notice of withdrawal is required 24 hour unlimited access via *internet or telephone banking only
Over the counter staff assisted transactions will incur a $10.00 fee charged at the time of transaction Over the counter staff assisted transactions will incur a $10.00 fee charged at the time of transaction Over the counter staff assisted transactions will incur a $10.00 fee charged at the time of the transaction Approved withdrawal requests without notice will incur a $10.00 staff assisted transaction fee charged at the time of transaction. Minimum balance to open $250
A linked Geelong Bank transaction account is required   Transaction fees are not payable on this account    

* Internet Banking External Funds Transfer (EFT) - limit of $2,500 applicable – please email info@geelongbank.com.au during business hours for temporary increases.

 

The following table explains the number of cash, cheque withdrawals or debit transfers permitted on the S55, S2, S6, S7 and S9 accounts per month and the cost of any subsequent transactions.

Achieve Saver Account (S55) Christmas Club Account (S2) Insurance / Budget Accounts (S6, S7 and S9*)
One Free transaction per month as follows: One Free transaction is permitted between the 27th December and the third Monday in November of the next year as follows: One Free transaction per month as follows:
One Free cash withdrawal
OR
One Free cheque withdrawal
OR
One Free internal phone banking transfer
OR
One Free internal debit transfer
One Free cash withdrawal
OR
One Free cheque withdrawal
OR
One Free internal transfer
One Free cash withdrawal
OR
One Free cheque withdrawal
OR
One Free internal debit transfer
All Subsequent access during this time will attract a fee of $2.00 each time and charged on the last day of the month. All Subsequent staff assisted transactions will incur a fee of $10.00. The fee will be charged at the time of withdrawal. At all other times the funds are at call.

Approval of additional withdrawals will attract a fee of $2.00 each time and charged on the last day of the month.

* S9 no longer available.

Excess Withdrawal Fees:
rediATM/NAB/BOQ/Suncorp
$1.20 per transaction
EFTPOS $0.60 per transaction
Over the counter/Bank@Post $2.00

* Non redi-ATM/NAB/BOQ/Suncorp ATM withdrawals/balances enquiry - you may be charged a fee by the ATM owner.

 

BPAY transactions
$0.50 per transaction

 

Direct Debits
$0.50 per transaction

 

Cheques:
Personal Cheques presented $ 0.50 per cheque
Copy of Personal Cheque/Trace of Personal Cheque $40.00 per cheque
Stop payment on personal cheques $40.00
Over the counter issued $5.00
Copy of Corporate Cheque/Trace of Corporate Cheque $40.00 per cheque
Replacement of Corporate cheque that has been issued on your behalf $10.00
Bank Cheques $12.00
Replacement of Bank Cheques $25.00
Special clearance on a cheque that you are depositing $15.00

 

Declined electronic transaction fees:
ATM/EFTPOS/ BPAY and Bank@Post withdrawals declined due to insufficient funds available and/or uncleared funds in the account $1.20

 

Account statement fee:
Replacement of previous month statement $3.00
Any other account statements previously issued $5.00

 

Periodical payments / Electronic Funds Transfer (EFT)
EFT via internet $0.50
Over the counter (OTC) transactions that are forwarded electronically (EFT) to another financial institution $2.50
Variation to current regular periodical payment authority $3.50
That are forwarded through the mail $6.00

 

General:
Staff assisted transaction fee $10.00
Cost of a duplicate deposit book $5.00
Voucher/Record Search $40.00 per item
Overdrawn account fee $25.00
Replacement of Redicard/Savings and/or Investment Account Passbook if it has been lost, stolen or destroyed $5.00
OTP (One Time Password) Annual Service Fee $10.00
Inactive Account/Dormancy fee $5.00 per month
Company Search Fee $15.00

 

Dishonour Fees:  
Dishonour of Direct Debit (inbound or outbound) where there are insufficient funds available and/or uncleared funds in the account held with Geelong Bank or other financial institution $25.00
Dishonour fee on cheque deposit $10.00
Dishonour fee on personal cheque $25.00

 

Travelex Products:  
Foreign Cash 1% value of purchase
Telegraphic Transfer (Foreign Currency) $30.00
Telegraphic Transfer (AUD) $50.00
International Drafts $12.50
Cash Passport 1.1% initial card load fee (capped at $15)
Foreign Cheque Conversion < $25,000 AUD $5.00
Foreign Cheque Conversion > $25,000 AUD $50.00

Withdrawal of ALL or PART of your Fixed Term Investment Account or Regular Income Investment Account during the term of your investment:

  • Where the funds have been invested for at least 75% of the term interest will be paid up to the date of withdrawal without penalty.
  • Where the funds have been invested for less than 75% of the term, any accrued interest on the amount that has been approved for early release will be paid at the penalty interest rate of 1%, plus any interest that has been previously paid during the current term of the investment on the amount of the approved early withdrawal will be recalculated at the rate of 1%, the difference being deducted from the principal amount that is being released. If the remaining balance falls into a lower tier then the interest rate on this remaining balance will alter.
  • If you withdraw part or all of your investment during the 5 working day period after the investment matures, the interest rate applicable between the maturity date and the date of withdrawal will be paid at the penalty interest rate of 1%.

Questions?

I'd like to know more about