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Our everyday banking products
Explore our products to support you in your everyday needs
Why BankVic
We’re a certified B Corp
As a B Corp, we meet the highest standards for how we serve our members, invest in the community, govern our business and care for our people and the environment.
Rates and fees
Read about our rates and fees
- Everyday AccountInterest Rate (% PA)Variable Rate0.01%Low Rate VisaInterest Rate (% PA)6 month introductory rate (1)8.99%Ongoing variable rate13.95%6 month balance transfer rate (2)8.99%
(1) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.
(2) Balance transfer is limited to two credit cards per Visa credit card account and excludes transfers from other BankVic credit cards.
BankVic Qantas VisaInterest Rate (% PA)6 month introductory rate (1)8.99%6 month balance transfer rate (2)8.99%Ongoing variable rate18.95%(1) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.
(2) Balance transfer is limited to two credit cards per Visa credit card account and excludes transfers from other BankVic credit cards.
Personal LoanBase Rate (% PA)Comparison Rate (% PA)Personal loan variable rate11.95%12.08%Car LoanBase Rate (% PA)Comparison Rate (% PA)Car loan fixed rate8.99%9.12%WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for our personal and car loan has been calculated for an amount of $30,000 over a term of 5 years. - DEBIT CARD FEESFee that will be chargedFeesATM withdrawals (1)ATM operator fees disclosed at time of transactionDisputed transaction$25 per transactionCard replacement in Australia$10Card replacement overseasUSD $175Emergency cash overseasUSD $175International currency conversion fee3.65% of the AUD transaction amount
(1) Some ATM owners may charge a fee for using their ATMs and this fee may vary from ATM to ATM. If a fee is incurred, it will be withdrawn from your BankVic account at the time you withdraw cash.
LOW RATE VISA AND GOLD VISA FEESFee that will be chargedFeesLate payment fee$15Cash advance fee (1)FreeATM withdrawals (2)ATM operator fees disclosed at time of transactionDisputed transaction$25 per transactionCard replacement in Australia$10Card replacement overseasUSD $175Emergency cash overseasUSD $175International currency conversion fee3.65% of the AUD transaction amount(1) Interest rates on cash advance applies.
(2) Some ATM owners may charge a fee for using their ATMs and this fee may vary from ATM to ATM. If a fee is incurred, it will be withdrawn from your BankVic account at the time you withdraw cash.
QANTAS VISA FEESFee that will be chargedFeesAnnual fee$0Late payment fee$9Cash advance fee (1)FreeATM withdrawals (2)ATM operator fees disclosed at time of transactionDisputed transaction$25 per transactionCard replacement in Australia$10Card replacement overseas$0Emergency cash overseas$0International currency conversion fee2% of the AUD transaction amount(1) Interest rates on cash advance applies.
(2) Some ATM owners may charge a fee for using their ATMs and this fee may vary from ATM to ATM. If a fee is incurred, it will be withdrawn from your BankVic account at the time you withdraw cash.
CAR & PERSONAL LOAN FEESFee that will be chargedFeesSetup fee$90Goods security agreement$20 per securityPAYMENT FEESFee that will be chargedFeesBankVic dishonour charge$9Personal cheque book (25 pages)$10OTHER FEESFee that will be chargedFeesTransaction archive search feeUp to $10Company search fee$25Miscellaneous fee (1)$50 per transaction and $15 per quarter hourExpress post fee$7.50(1) Fee charged for services not otherwise provided in this guide
WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for our personal and car loan has been calculated for an amount of $30,000 over a term of 5 years.
How to avoid transaction fees
ATM fees
Some ATM owners may charge a fee for using their ATMs and this fee may vary. You can avoid this fee by only withdrawing cash from BankVic ATMs, non-fee charging ATMs or via eftpos.
Paying bills
Pay bills via BPAY or payments directly from your transaction account to avoid transaction fees. If you use your Visa credit card to pay bills, you’ll incur interest rate charges and late fees if you don’t repay the full balance of the card by the due date.
If you have direct debit arrangements with billers, check the due date on your bill and make sure you always have sufficient funds in your account to avoid being charged a direct debit dishonour fee.
Shopping
When using your Visa debit card, if you don’t need to withdraw cash when making a purchase, either:
- use your digital wallet on your phone or watch, or
- if using your physical debit card, either use Visa payWave OR select Credit on the eftpos terminal instead of Savings.
Repaying your credit card
Paying the balance of your Visa credit card before the due date will mean you won’t incur interest charges on the transactions or any late payment charges. Don’t forget – introductory rates and interest free periods do not apply to cash advances.
Send Payments
International Money Transfers
Account Deposits, Withdrawals and Payments
Transaction Limits
Description Withdrawal limit Osko - direct transfer in real time $2,000 per day Direct Transfer (funds will be available to payee within 3 working days)
Payments to new payees are secured through the use of a One Time Password. If you need to transfer an amount that exceeds the maximum daily limit, please contact us on 13 63 73.
$10,000 per day Combined daily transfer limit (Osko & Direct Transfer) $12,000 per day BPAY $10,000 per day Debit and Credit Cards (Digital Wallet/PayWave/Transfer) Available funds/credit limit ATM and EFTPOS $1,000 per day In branch 24 hours advance notice is required to withdraw $5,000 or more in cash Description Deposit limit Direct transfer in real time via OSKO Unlimited Direct transfer (available to payee within 3 working days) Unlimited Debit and Credit Cards ((Digital Wallet/PayWave/Transfer) Unlimited In branch Unlimited ATM or EFTPOS Not available for deposits Bank@Post Deposits of up to $9,999 per day in cash are accepted using a specially barcoded deposit book available from BankVic (a maximum of $20.00 in loose coin will be accepted). Bank@Post will not accept a deposit of $10,000 or more.
Ways to apply
Ways to apply for our banking products
Apply online
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Apply now
Call on 13 63 73
Speak to one of our banking experts.
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Terms and conditions
Important things you should know
Information on this page is general in nature and does not take into account your personal circumstances. You should consider whether it is appropriate for you before acquiring the product or service.
Fees and charges may apply. Interest rates are variable and subject to change. Information on our terms & conditions, interest rates and fees & charges are available on request.
We recommend that you read the following documents: