- 55 reviews
- 18 likes
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
I have a Pensioner security account with your Carindale Branch.
I am in NZ and haven't activated my card, its now obsolete. My Passport has expired and I won't be travelling anymore.
I would like to close my account and have the funds transferred to my NZ account.
Can any one help me please?
NZ 4 5672327
When I try opening one of these account on-line I am told that I am not eligible for this product.
I am an Australian resident, 79 years of age and receive the age pension.
I have tried asking CBA help desk about this but they were useless.
Does anyone know why i'm seen as not eligible?
Can I have direct debits withdrawn fortnightly from the PSA?
Yes, you can, I have done fortnightly this with my electricity bill when I had the Pensioner Security Account.
Get an answer from our members
ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.