Our Everyday account offers unlimited transactions - it is the only transaction account you'll ever need. With a low monthly access fee and no transaction fees, it is the perfect account to manage your everyday finances.
It comes packed with features, including:
- unlimited transactions
- 24/7 access via internet and phone banking
- rediATM and NAB ATMs
- EFTPOS
- free Visa debit card with payWave functionality or rediCARD
- direct debit and direct credit facilities
- free over the counter transactions, including deposits at National Australia Bank and Bank@PostTM
- direct depositing of your pay or other income
- a sweep facility to automatically transfer funds from another account if needed to cover a shortfall
- overdraft facility for extra funds
- cheque book
- electronic deposits.
Interest rates
Effective 1st January 2012
| Up to $9,999 |
0.01%pa |
| $10,000 - $49,999 |
0.05%pa |
| $50,000 and over |
0.10%pa |
Tiered interest calculated daily and credited monthly.
Fees and charges
Monthly access fee |
$5 |
| For each member number, the monthly access fee will be waived on one S1 Everyday account if the first named account holder falls into an exemption criteria on the last day of each month. The fee is not paid for the first calendar month of a new membership. |
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Unlimited transactions: |
| - rediATM and NAB ATM withdrawals |
Free |
| - Visa debit card EFTPOS |
Free |
| - rediCARD EFTPOS |
Free |
| - internet and phone banking |
Free |
| - cash withdrawals at selected Teachers Mutual Bank offices |
Free |
| - Visa debit card purchases |
Free |
| - direct debit |
Free |
| - direct credit |
Free |
| - BPAY |
Free |
| - periodical payments via internet banking |
Free |
| - periodical payments - staff assisted |
Staff assist fee |
| - electronic funds transfer via internet banking |
Free |
| - electronic funds transfer - staff assisted |
Staff assist fee |
| - electronic deposit |
Free |
| - member cheque withdrawals |
Free |
| - Bank@Post deposits |
Free |
| - NAB deposits |
Free |
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Go to our
fees and charges section for a full list of fees.
Learn how to
minimise fees and charges and avoid the access fee.
Visa debit card
This card gives you access to funds in your Everyday account but has the extra facility of using the card wherever the Visa logo is displayed. You can use EFTPOS, make purchases online, over the phone and withdraw money at ATMs.
rediCARD
This card gives you access to funds in your Everyday account. You can access up to $1,050 cash per day at ATMs and up to $1,000 per day at Bank@Post outlets and where EFTPOS is available. It can also be used up to $1,000 per day to pay bills with BPAY®.
Internet banking
Use internet banking to access your account 24/7. You can check your balances, transfer money, pay bills and much more.
Phone banking
Call 13 21 40 anytime to check all of your balances and transactions, transfer money in and out of your Everyday account, use BPAY® to pay bills and much more.
Cheque book
A cheque book can be linked to access funds in your Everyday account.
Direct debits
Set up a direct debit facility from your Everyday account to make payments automatically. Your direct debits can be set up through the organisation you wish to authorise to debit your account.
Here are some other ways we can help you:
Overdraft
If you need to access extra money from time to time, our RediCredit overdraft facility allows you to access extra approved funds through your Everyday account.
Switch to Teachers Mutual Bank
Take advantage of all our benefits and switch all of your finances.
Bill Paying account
Make managing your bills easier by allocating your pay into a Bill Paying account to ensure you have enough funds to pay your bills.
Direct your pay and income
Make it easy to get to your money and make sure there is enough for all of your expenses by splitting your pay into other accounts.