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Commonwealth Bank Pensioner Security

Commonwealth Bank Pensioner Security

4.5 from 2 reviews · View Statistics

Reviews

4.5

2 reviews
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MrsThrifty
MrsThriftySouth East Queensland, QLD
  • 55 reviews
  • 14 likes

Wonderful account for over 55's, or people on a pension.

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Incentivised ReviewNo
Xkirrose
Xkirrose
  • 9 reviews

Good

published

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

Merril
Merrilasked

Can I have direct debits withdrawn fortnightly from the PSA?

1 answer
Anonymous762
Anonymous762

Yes, you can, I have done fortnightly this with my electricity bill when I had the Pensioner Security Account.

.Artem F.
.Artem F.asked

how to look at the bank my pensioner security account online

No answers
Liz
Lizasked

Commonwealth Bank Mastercard for aged pensioner - does this account have any fees attached to it?

2 answers
MrsThrifty
MrsThrifty

Hi Liz. I have a debit mastercard linked to this account. There are no fees with this debit card.

Anonymous762
Anonymous762

There was an overdraw fine of $40 on the Pensioner Security Account account in 2008. That was 2008 and the fine policy may be less/more now, but I beleive it's still there, so you need to check your balance before each transaction, so you do not overdraw, by mistake.

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