BankSA Transaction, Savings and Investment Accounts accounts no longer offered. Fees and charges and how to minimise them. Effective date: 30 June 2021 Contents. Important Note: Information in this booklet is current as at the date of this booklet but may change from Part A – Account fees and charges. .............................................................................. 4 time to time. We will give you notice of changes as set out in the Terms and Conditions applying to your account. Table 1 – Summary of fees: Transaction, Savings Nearly all financial services provided by us will be ‘input taxed’ under GST. This means and Investment accounts – accounts no longer offered. ...............................................4 that GST of 10% will not be added to the fee/charge for that service. There are a few Table 2 – Fee exemptions: Transaction, Savings services we provide which will be subject to GST of 10%. In these circumstances, GST and Investment accounts – accounts no longer offered. ..............................................6 of 10% has been included in the fees and charges for these services. Where applicable, the fees stated are GST inclusive. Table 3 – Summary of fees: Business accounts – accounts no longer offered. ............................................................................................................ 7 1 General. ��������������������������������������������������������������������������������������������������������������������������������������������������������������������9 Introduction 2 Further details about our account fees and charges. .............................................................9 3 Further details about our transaction allowances This booklet sets out the fees and charges that apply to the accounts listed in Part A, as well and fee exemptions. ................................................................................................................................... 12 as the special services listed in Part B. We may introduce new fees and change existing fees from time to time. Where the new or changed fees relate to an account, we will give you 4 Government charges on accounts. ................................................................................................... 13 notice in accordance with the Terms and Conditions of your account. 5 Fees for services relating to accounts. ����������������������������������������������������������������������������������������� 13 This booklet does not contain all of the Terms and Conditions that apply to you. Further Terms Part B – charges for special services. ........................................................................ 15 and Conditions (including the meaning of defined terms) are set out in: Payment Services. ......................................................................................................................................................... 15 • the booklet ‘BankSA Transaction, Savings and Investment accounts – accounts no longer offered. Banking Services Terms and Conditions and General Information’; and Cheque Services. ............................................................................................................................................................16 • any notice we give you about current interest rates that apply to your account. Card Services. ...................................................................................................................................................................16 Further information about our products and services is available by visiting our website Document Requests. ....................................................................................................................................................16 banksa.com.au Other Services. .................................................................................................................................................................17 Fees Applicable to Privacy Access Requests. .............................................................................................17 Bank Draft Services. ......................................................................................................................................................17 Overseas Services. ........................................................................................................................................................18 Foreign Currency Services. .....................................................................................................................................18 Foreign Currency accounts* �����������������������������������������������������������������������������������������������������������������������������������18 Trade Finance Fees*. .................................................................................................................................................... 19 Advantage Package Annual Fee. .........................................................................................................................20 Suggestions on how to avoid or minimise fees. ........................................................21 3 Part A – Account fees and charges. Table 1 – Summary of fees: Transaction, Savings and Investment Table 1 – Summary of fees: Transaction, Savings and Investment accounts accounts – accounts no longer offered. – accounts no longer offered (continued). Fee Further Investment Gold Cash Portfolio Freedom School Express Power Sense Sense Express Freedom Complete Fee Further Investment Gold Cash Portfolio Freedom School Express Power Sense Sense Express Freedom Complete Description details Savings Management Cash Plus Saver Saver Saver Everyday Saving Freedom Account Freedom Description details Savings Management Cash Plus Saver Saver Saver Everyday Saving Freedom Account Freedom These fees Account Account Management Account Account Account Account Account Account Student These fees Account Account Management Account Account Account Account Account Account Student are payable Account Account are payable Account Account to BankSA to BankSA Account fees Transaction allowances (transaction fees are charged when Free monthly transaction allowances are exceeded) Account- Free monthly keeping fee withdrawal Clauses (formerly Clause allowance $6 $6 $6 $5 Nil Nil Nil $5 N/A $3 $5 Nil 3.1 to Unlimited Unlimited Unlimited Unlimited Unlimited Unlimited Nil Unlimited N/A Unlimited Unlimited Unlimited known as 2.1 (for eligible 3.3 ‘Account transaction service fee’) fees) Minimum Maximum Unlimited monthly number of staff balance Staff assisted Clause assisted required $5,000 $5,000 $5,000 N/A N/A N/A N/A N/A N/A N/A $3,000 N/A transactions 2.1 Unlimited Unlimited Unlimited Unlimited Unlimited N/A Nil Unlimited transfers Unlimited Unlimited Unlimited to avoid included in to Sense account- Free monthly Everyday keeping fee withdrawal only allowance Minimum total monthly Free deposit Clause Collections Clause N/A N/A N/A N/A N/A N/A N/A $2,000 N/A $1,000 N/A N/A Unlimited Unlimited Unlimited Unlimited Unlimited N/A Unlimited Unlimited N/A Unlimited Unlimited Unlimited to avoid 2.1 items each 3.1 account- month keeping fees Transaction fees – Free monthly transaction allowances do not apply to these fees Transaction fees – where a relevant Free monthly withdrawal allowance applies, these transaction fees are payable per transaction after the allowance has been exceeded Direct Debit Free Free Free Free Free Free Free Free N/A Free Free Free Internet Clause Periodical Clause Free Free Free Free Free Free Free Free Free Free Free Free Free Free Free Free Free Free Free Free N/A Free Free Free Banking 2.2 Payment 2.13 Phone Overseas Free Free Free Free Free Free Free Free Free Free Free Free Banking Withdrawal (formerly Clause Visa Debit Clause known as $5 $5 $5 $5 Free N/A N/A $5 N/A $5 $5 $5 Free* Free* Free* Free* N/A N/A N/A Free N/A Free* Free* Free* 2.14 transactions 2.4 ‘Overseas Cash BankSA/ Withdrawal’) St.George/ Westpac/ BankSA/ Bank of Free Free Free Free Free N/A Free Free Free+ Free Free Free St.George/ Melbourne Bank of ATM (in Melbourne Free Free Free Free Free N/A Free N/A N/A Free Free Free Australia) ATM Mini transaction eftpos Free Free Free Free Free N/A Free Free N/A Free Free Free history Electronic Free Free Free Free Free N/A N/A Free N/A Free Free Free Frequent Agency Statement Free Free Free Free Free N/A Free N/A N/A Free Free Free Cheque N/A Free Free N/A N/A N/A N/A Free N/A Free Free N/A (per month) ++ Foreign Staff assisted Free Free Free Free Free N/A Free Free Free Free Free Free Clause Currency 3% 3% 3% 3% 3% N/A 3% 3% N/A 3% 3% 3% Bank@Post™ Clause 2.17 Free Free Free Free N/A N/A N/A Free Free Free Free Free Conversion 2.10 Collection Clause Free Free Free Free Free N/A Free Free N/A Free Free Free item 2.19 + Balance enquires and transfers to Sense Everyday Account only. ++ Transfers to Sense Everyday Account Only. * Merchants may charge a fee for Visa Debit transactions. 4 5 Table 2 – Fee exemptions: Transaction, Savings and Investment accounts Table 3 – Summary of fees: Business accounts – accounts no longer offered. – accounts no longer offered. Description Further Investment Gold Cash Portfolio Cash Freedom School Express Power Sense Sense Express Freedom Complete Fee description Further Business Commercial GST Provision Trust account Commercial Business Business details Savings Management Management Plus Saver Saver Saver Everyday Saving Freedom account