CUA Transaction Accounts

CUA (Credit Union Australia) is a provider of transaction accounts, as well as other banking solutions such as home loans, personal loans, credit cards and insurance.

Compare CUA transaction accounts

Considering a transaction account from CUA? The table below displays a snapshot of CUA transaction accounts on Canstar’s database, sorted by Star Rating. These results are based on a person in VIC with an average of 35 transactions per month.  

Click here to compare more policies based on your circumstances.

What transaction accounts does CUA offer?

CUA offers 3 transaction accounts at the time of writing:

CUA Everyday Youth Account

CUA’s youth banking account, available to 10-17 year olds. It comes with a CUA Visa Debit card for account-holders aged 14 or over and charges no monthly account fees.

CUA Everyday Account

CUA’s standard transaction account product charges no monthly fees, and offers a Savings Top-p feature which allows you to add a small amount to your savings account every time you spend over $10 using your CUA Visa Debit card or CUA rediCARD.

CUA Everyday 55+ Account

A secure account which pays interest on balances over $50,000, charges no monthly account fees, and offers unlimited fee free everyday transactions.

You can view the current Star Ratings and fees on CUA transaction accounts in our comparison tables.

Does CUA also offer savings accounts?

Yes, CUA does offer savings accounts in addition to its transaction accounts – The CUA eSaver Reward Account, CUA eSaver Boost Account and the CUA Youth eSaver Account

In order to get more out of a savings account with CUA, you may need to link it with your transaction account. You do not, however, need to have a savings account with CUA in order to use its everyday transaction account.

Considering a savings account from CUA? The table below displays a snapshot of CUA savings accounts on Canstar’s database, sorted by Star Rating. These results are based on a regular saver in NSW with $10,000 in current savings.

Click here to compare more savings accounts based on your circumstances and preferences. To see the definition of a regular saver and other profiles used in Canstar’s Star Ratings, view Canstar’s savings account methodology here.

Does CUA charge fees on its transaction accounts?

Transaction accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. CUA doesn’t charge any fees on its transaction accounts at the time of writing (17/07/18)

What does CUA offer in terms of mobile banking for its transaction accounts?

CUA offers both online and mobile banking for its transaction account products, with its app available in both the Apple and Google store. Notable features of CUA’s mobile banking include:

  • Fast and secure banking on the go
  • View your CUA bank accounts in one place
  • Make payments, transfers and pay bills
  • Find ATM’s and branches near you

How to apply for a CUA transaction account

Before applying for a CUA transaction account, try to first compare it against others on the market to ensure it is the right one for you. You can then apply for a CUA account online, provided you have the correct documentation:

  • At least one form of ID, such as your driver’s license or passport
  • Accurate personal information, such as your name, date of birth, address and phone number

Once your account is opened, CUA may require you to transfer in a minimum amount before your account can be activated – check the PDS document for more information on how much you might need to deposit.

Related article: How to change bank accounts

Eligibility requirements

Before applying for a CUA transaction account, you will also have to meet the following eligibility requirements:

  • You must be aged 18 year or over
  • You must be a permanent resident of Australia

What other banking products does CUA provide?

CUA provides a variety of different products to consumers, including:

  • Home loans
  • Health insurance
  • Home & contents insurance
  • Personal loans
  • Term deposits
  • Credit cards
  • Landlord insurance
  • Car Loans

About CUA

CUA stands for Credit Union Australia and it was founded in 1946 by Jack Harvey, as a merger between three small Queensland-based credit unions.

Today it is Australia’s largest customer-owned financial institution, and their profits come back to their customers as better rates and lower fees. According to their website at the time of writing, a new member joins CUA every 10 minutes, every working day.

Written by: Maddie Clarey | Last updated: August 22, 2018