Everyday accounts

Retirement Access Plus Account

Retirement Access Plus is a transaction account for eligible retirees aged 55 or over to deposit and withdraw funds by various channels including Visa Debit Card and also offers interest on account balances.

Easy banking for retirees

Competitive interest
Interest paid monthly and calculated daily depending on total balance
Convenient support
Our friendly staff are on hand to help you in any of our branches and over the phone
Fraud money back guarantee
We’ll refund you 100% of any money taken from your account if you’re a victim of fraud provided you let us know right away1
$0 account-keeping fee
No minimum monthly deposit required

    

Easy access to your money at home and overseas
 

Visa Debit Card

With a Visa Debit card you can use your own money to shop instore, online or over the phone. Heading overseas? You can also use your card while you’re away – from tickets and accommodation to shopping anywhere in the world visa is accepted.

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Mobile Banking

Manage your money on the go with the Bank of Melbourne mobile banking app. Not only can you check your account balance with just a swipe, you can also transfer money between accounts or to someone else, find your nearest ATM and keep tabs on your transactions.

    

Shop through ShopBack. Get Cashback.

Link and pay with your eligible Bank of Melbourne debit card to get exclusive bonus Cashback when you shop on the new Bank of Melbourne Lounge on the ShopBack app.

Find out more

Interest rates
 

0.30% p.a.

Balances up to $9,999.99

1.50% p.a.

On the part of the balance between $10,000.00 to $49,999.99

1.85% p.a.

On the part of the balance between $50,000.00 to $249,999.99

2.30% p.a.

On the part of the balance $250,000 or over

Fees and charges

  • $0.00 Account-keeping fee
  • $0.00 Cash withdrawals on major bank ATMs in Australia (Certain ATM providers may still charge a fee)
  • $5.00
    Overseas withdrawal fee ($0 when you use our Global Alliance ATMs)
  • 3.00% Foreign currency conversion
  • $15.00 Overdrawn fee
  • 15.01% p.a. Unarranged Lending Rate (ULR) is a debit interest rate charged to a transaction account if it becomes overdrawn without arrangement.

Other fees and charges may apply. Please refer to the Terms and Conditions (PDF 627KB)

In detail

Before making a decision, please read the terms and conditions and ensure you're aware of all fees and charges.
T&Cs and Fees
Internet and Mobile banking T&Cs
Interest rates

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Complete Freedom

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Concession Account

Concession banking

The Detail

1.Our Bank of Melbourne Fraud Money Back Guarantee ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Bank of Melbourne promptly. Refer to your card’s conditions of use for full details, including when a customer will be liable.
 
Read the  Apple Pay Terms and Conditions (PDF 31KB) before making a decision and consider if it is right for you. To use Apple Pay you will need an eligible card and a compatible device with a supported operating system. See our  Apple Pay FAQs for more information. Apple, the Apple logo, Apple Pay, Apple Watch and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.