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.

Fee-Free Services

Digital Services

(Internet Banking and Banking App)

- 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

- Quotation for General Insurance with Wardle Co. Broken Hill

Interest Rates For Term Deposits and Savings Accounts:

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.

Interest Rates Brochure

Account Fees:

Please contact us if you have any questions about our fees. We are here to help you achieve your financial goals.

Fees and Charges Schedule

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.