Can you reduce the bank fees you pay?

Credit Card

How to avoid late payment fees

Late payment fees are charged if you miss your repayment date or pay less than the minimum amount. To help avoid this, set a reminder in your calendar for your regular repayment date to ensure payments are made on time. Alternatively you can also set up an automatic direct debit for your monthly credit card payment. You can select to make the full repayment, minimum repayment or a set dollar amount.

InterestME Account

How to avoid transaction fees

You can incur transaction fees with your InterestME Account when you use ATM's, Bank@Post or exceed the 15 free EFTPOS transactions per month.

Use your 15 free monthly EFTPOS transactions to take out extra cash when you make purchases and save on ATM fees. Using Phone and Internet Banking to transfer money to other people and pay your bills can help you avoid these fees and save time too.

How to avoid ATM operator fees

ATM Operator Fees are incurred when you use an ATM that is not an ME Bank, Westpac, St.George or BankSA ATM. This fee is charged by the ATM owner for using their machine.

You can save money by withdrawing cash from ME Bank, Westpac, St George and BankSA ATMs (except machines at BP Petrol Stations). You will not be charged an ATM Operator Fee at these machines. But don't forget these transactions do attract a $1 ME Bank ATM fee which is charged to your account at the end of the month.

How to avoid dishonour fees

A direct entry dishonour fee is incurred when there are insufficient funds in your InterestME Account to cover direct debit payments you have arranged such as bills or loan repayments.

Avoid these fees by knowing your monthly outgoings. Keep track of expected debits so that you can ensure there are enough funds in your account when a payment is due and always know how much is in your account.

How to avoid cheque dishonour fees

A cheque dishonour fee is charged when you issue a cheque and it is dishonoured due to insufficient funds.

Ensure you always have available funds in your account if a cheque you have written has not yet been withdrawn. You can check this for free in Internet Banking.

With a little planning you can operate your InterestME Account bank fee free.

Home Loans

How to avoid Home Loan dishonour inward fees

A repayment dishonour fee is payable when a direct debit we initiate for your payment is dishonoured.

If your regular loan repayment is due the same day a regular deposit is made into your nominated account you should think about moving your repayment to the following day. This is to ensure the funds are clear and available at the time we try to take the repayment. You can change your repayment day by calling our National Customer Contact Centre.

If you are aware there are insufficient funds in your nominated account to meet a loan repayment please contact us on 1300 654 998 by the day before your payment is due to see what options are available to you.

Personal Loans

How to avoid Personal Loan direct debit dishonour administration fees

A repayment dishonour fee is payable when a direct debit we initiate for your payment is dishonoured.

If your regular loan repayment is due the same day a regular deposit is made into your nominated account you should think about moving your repayment to the following day. This is to ensure the funds are clear and available at the time we try to take the repayment. You can change your repayment day by calling our National Customer Contact Centre.

If you are aware there are insufficient funds in your nominated account to meet a loan repayment please contact us on 1300 654 998 by the day before your payment is due to see what options are available to you.