Newcastle Permanent Transaction Accounts

Newcastle Permanent is a provider of transaction accounts, as well as other banking solutions such as home loans, credit cards, personal loans and car loans.

Compare Newcastle Permanent transaction accounts

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

Click here to compare more products based on your circumstances.

What transaction accounts does Newcastle Permanent offer?

As you can see in the table above, Newcastle Permanent offers two transaction accounts at the time of writing:

Everyday Account

An everyday account with no account keeping fees, visa access worldwide and fee free Newcastle Permanent ATM transactions.

Basic Access Account

A low volume transaction account with no monthly account keeping fees and 24/7 worldwide access wherever Visa is accepted.

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

Does Newcastle Permanent also offer savings accounts?

Yes, Newcastle Permanent does offer savings accounts in addition to its transaction accounts – The Smart Saver and Online Savings Account.

Smart Saver Account

An account tailored to your stage in life that comes with a competitive bonus interest rate. You do not need to link your Smart Saver savings account with any of Newcastle Permanent’s transaction accounts.

Considering a savings account from Newcastle Permanent? The table below displays a snapshot of Newcastle Permanent 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 Newcastle Permanent 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. Newcastle Permanent charges the following fees on its transaction accounts at the time of writing (18/07/18):

  • $2.50 Branch withdrawal fee and a $0.60 EFTPOS fee on the Basic Access Account
  • A $4 monthly fee on the Everyday Account, waived if you deposit $1,800 or more each month

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

Newcastle Permanent 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 Newcastle Permanent’s mobile banking include:

  • Make almost instant Osko payments to any other participating Australian financial institution.
  • Process a redraw on your home loan (for eligible home loans and subject to approval).
  • Create and manage profiles so more than one person can securely use the same device.
  • Manage devices that you have registered to use the app.

How to apply for a Newcastle Permanent transaction account

Before applying for a Newcastle Permanent 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 Newcastle Permanent 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. phone and tax file number (TFN)

Once your account is opened, Newcastle Permanent 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 Newcastle Permanent transaction account, you will also have to meet the following eligibility requirements:

  • You must be 18 years or older
  • You must be a permanent Australian resident

What other banking products does Newcastle Permanent provide?

Newcastle Permanent provides a variety of different products to consumers, including:

About Newcastle Permanent

Newcastle Permanent is a customer-owned banking institution and has been since it was founded as a building society in 1903. With 59 branches across regional NSW and more than 320,000 loyal customers, Newcastle Permanent is one of the largest building societies in Australia.

The Newcastle Permanent Charitable Foundation takes community-focused banking to the next level, investing over $1.5 million every year in grants for local not-for-profits and community organisations. Since the foundation was created in 2003, they have provided over $14 million in grants to over 350 community projects and initiatives.

Newcastle Permanent Basic Access Account

Canstar Research
Rating:
Award: 3-Star Rated Transaction Account

Written by: Maddie Clarey | Last updated: August 24, 2018

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