Wonderful account for over 55's, or people on a pension.
I've had a Pensioner Security Account with the Commonwealth Bank for 5 years now. I couldn't be happier. It is easy to use, & no shortage of ATMs around the country for me to access my money.
The features of this account are -
*it's for anyone receiving an eligible pension, or are 55 years or older
*there are no monthly account keeping fees
*you get up to 15 free withdrawals per month
*100% security guarantee of your money
*it's a flexible account that keeps your retirement savings safe & working for you
*it allows you to earn a competitive rate of interest
*you can make use of Netbank & telephone banking, 24/7...
This is a free account for pensioners, with a set amount of free transactions. Commonwealth has the most amount of branches and ATMs, which makes them the most accessable in Australia.
This account is free for pensioners and over 55s. You have the option of keycard access or a passbook if you prefer older style banking, making visiting the branch a must. Accounts can be accessed by phone banking and the internet. Overall it is a comparable product to all the banks
There are only a small amount of free transaction, and if you write cheques and its in excess of your free limit, it costs $1 for each cheque.
Questions & Answers
Recently I became the power of attorney and enduring guardian for my elderly mother in a nursing home who has a pensioner security account, passbook only. It is a nuisance to update the passbook at a branch for current savings status to balance various direct debit arrangements. Is there a way to set up mobile, phone or online banking for it? How and where do I start? Thanks in advance.
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