In simple terms, a transaction account is a “low interest” everyday account that allows you to manage your finances on a daily basis.
A transaction account is typically one into which your salary is deposited, your bills are paid from via automatic transfer or BPay and your everyday expenses are withdrawn from.
Many of our members grow their money by linking their transaction account to a savings account that accumulates a higher rate of interest.
Our Transaction Accounts
We have 5 Personal Everyday Transaction accounts:
Great Day Deeming
Save More Savings
We have 4 Business Transaction accounts:
Real Estate Trust
Some Great Transaction Tips
1. Some transaction accounts offer a minimum amount of free transactions before you are charged.
If this is the case with your account, make sure you monitor the number and type of transactions you make
so that you don’t exceed the limit and pay more than you have to.
2. Withdraw money more efficiently by taking out larger sums, that way you can limit the number
of transactions you make overall.
3. If you have a credit-debit card on your account, selecting “credit” when making purchases so you can avoid transaction fees.
4. When making purchases using EFTPOS ask for “cash out” so you don’t have to withdraw money
from an ATM later.
To find out more about Transaction Accounts call us on 1300 365 7 24 or drop into your local branch