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Pension Advantage delivers the ultimate in flexible everyday banking, giving you the freedom to bank how and when you want and the ability to minimise or avoid transaction fees altogether.

This account also enables you to earn a higher level of interest on your funds compared to other everyday accounts, while still providing you with at-call access.

1.50% (p.a.)
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One of Australia's largest ATM networks with more than 70 rediATMs in Tasmania and 3,000 nation-wide.

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We have 8 branches statewide and we're open 9.00am-5.00pm Monday to Friday, (Glenorchy open 8.45am-5.00pm).

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Convenient everyday access to your account giving you the ability to pay for goods and services and also withdraw cash.

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Internet Banking

Banking at your fingertips 24/7 - check account balances, pay bills, transfer funds and more.

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Mobile Banking

Banking anytime, anywhere on your mobile phone with all the functionality of internet banking to boot.

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Telephone Banking

Convenient 24/7 phone access to your account with the ability to check balances, transfer funds, pay bills and more.

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Am I eligible?

To be eligible for this account you must be the recipient of an Aged, Australian War Verterans or Disability Pension.

Freedom to bank how and when you want

  • Unlimited rediATM access with nearly 70 rediATMs in Tasmania and more than 3,000 Australia-wide.
  • Unlimited EFTPOS transactions Australia-wide.
  • Unlimited internet, mobile and telephone banking transactions worldwide.
  • Full Bank of us branch access throughout Tasmania.
  • View your statements online 24/7 with eStatements.
  • No monthly account fee and an additional two free Staff Assisted Transactions* a month.

Convenient access to transact

  • Select a Bank of us VISA Debit Card to access ATM and EFTPOS facilities, along with the ability to make online and over-the-phone purchases using the power of VISA (worldwide).
  • Cheque book option (fee applies) except if funds accessed with a passbook.

Peace of mind

Our advanced fraud monitoring system covers all transaction channels and will pick up any unusual or suspicious debit and credit card transactions 24 hours a day, seven days a week.

Say goodbye to transaction fees

Pension Advantage rewards you for banking at Bank of us by taking into account your Relationship Balance – the higher your balance, the less fees you pay.

As the primary account holder, if you maintain a monthly balance of more than $10,000 in a Go to, Save up or Term Investment account, you’ll automatically qualify for fee-free everyday banking.


The small, small print:

Please note this information does not take into account your personal circumstances and is general advice only. Before opening any Bank of us account, please read the Account & Access Facility Conditions of Use and our Schedule of Fees and Charges and decide if the account is right for you. Interest rates are subject to change without notice and should be verified with your local Bank of us branch.

* Staff-assisted transactions and self-service transactions are explained in our . You can obtain a copy from any Bank of us branch, by calling 1300 306 716 or by clicking the link above.


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Standard interest rates

Effective 1 November 2017

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