Rates & Fees
At Broken Hill Bank, we believe in complete transparency regarding our rates and fees. Understanding the costs and interest rates associated with your banking services helps you to make informed decisions about the product you choose. Here’s an overview of the different rates and fees that apply to Broken Hill Bank’s accounts and loans.
Interest Rates
We understand that everyone's financial situation is different, so we offer a variety of products and services to meet your individual needs. If you have any questions about our rates or need assistance choosing the right product for you, please do not hesitate to contact us.
Account Fees:
Please contact us if you have any questions about our fees. We are here to help you achieve your financial goals.
Fee-Free Services
Digital Services
eStatements
Osko Payments
External Payments via Digital Channels
BPAY via Digital Channels
Periodical Payment Alterations
Create and Manage PayID
PayTo Agreements / Payments
Set-up email Alerts to help manage your accounts
Visa Debit Card
Initial Visa Debit Card / Renewal Card
Digital Wallet,
Apple Pay / Google Pay / Samsung Pay
Digital Wallet and Contactless payments using Visa (excludes transactions routed by Merchants through EFTPOS)
Purchases when selecting “CR” (excludes cash-out transactions)
Activate Visa Debit Card via Digital Channels
PIN set-up and PIN change via Digital Channels
Branch Services
Deposits of cash or cheque
Self Serve Coin Machine Deposits
Transfers between your own accounts
Transfers between other Broken Hill Bank accounts
Payroll deposits and splits
Access to Branch iPads for your online banking needs
3rd Party Providers
Initial consultation with Bridges Financial Planner (valued at $330)
Quotation for Health Insurance with Mildura Health Fund
Relationship Rewards
Broken Hill Bank customers can conduct their banking fee-free. Customers with the following Broken Hill Bank Relationship can access unlimited fee-free transactions:
Active Loan or Overdraft Account
Savings and Investment Account Balance (see Relationship Reward Balance Table for details)
Bridges Financial Planning Client arranged through Broken Hill Bank – Superannuation, Retirement Planning, Personal Insurance, Estate Planning
Mildura Health Fund Policy (debited from Broken Hill Bank account)
Wardle Co. Broken Hill Insurance (referred by Broken Hill Bank) – Building, Contents, Landlord, Car, Motorcycle, Boat, Caravan (debited from Broken Hill Bank account)
Relationship Reward Balance Table
| Category | Reward Balance | Number of Free Transactions |
|---|---|---|
| Adult Customer <70 years old | $0 – $4,999.99 | 15 |
| $5,000 and above | Unlimited | |
| Loan Account / Overdraft | Unlimited | |
| Wardle Co. Broken Hill Insurance Policy (referred by Broken Hill Bank and debited from a Broken Hill Bank account) | Unlimited | |
| Bridges Financial Planning Client arranged by Broken Hill Bank | Unlimited | |
| Mildura Health Fund (debited from Broken Hill Bank account) | Unlimited | |
| Adult Customer >70 years old | No excess withdrawal fees apply | Unlimited |
| Junior Customer <18 years old | No excess withdrawal fees apply | Unlimited |
| Non-Personal – Business Customer | $0 – $4,999.99 | 20 |
| $5,000 and over | Unlimited | |
| Non-Personal – Community Customer | No excess withdrawal fees apply | Unlimited |
| Note: The number of free withdrawals* for the month is based on your overall relationship with Broken Hill Bank. Contact us for more information on how you can be rewarded. * Excludes International Transaction Fee Refer to Fees and Charges Schedule | ||
FAQs
-
Broken Hill Bank does not charge any fees for opening a new savings account. However, specific accounts may have ongoing maintenance fees or transaction fees, view a breakdown of the transaction fees via our Fees and Charges Schedule or get in contact with us for assistance.
-
When conducting international transactions, a fee is charged for currency conversion and processing. This includes payments in $AUD processed offshore. The fee is 3% of the transaction value in $AUD.
-
Broken Hill Bank offers competitive interest rates on personal loans and mortgages. There are associated fees with certain processes of loans such as establishing the loan, varying a loan contract and missed repayments. To get a full understanding of the fees that occur when receiving a loan, contact our team.
-
We provide you with a Visa Debit Card, Renewal Card and Digital Wallet access, without charge. We may charge you a Replacement Card Fee if your Visa Debit Card is damaged or lost. Refer to the Fees and Charges Schedule for more information.