Everyday account.
A transaction account for anyone over 18 that helps you keep everything in check. It's your everyday hero account.
Here's what you need to know.
| Balance | Interest Rate |
| $0+ | No interest applicable |
| Account Keeping Fees | |
| Monthly account keeping fee | $6 |
To reduce or cancel your credit limit complete our online form or call us on 1300 132 249.
Save on fees.
Say goodbye to your monthly account keeping fee if you meet any of the conditions below:
- Aged 18-23 years
- Deposit at least $2,000 into your account each calendar month; or
- Have a Membership Value of $50,000 or more (including loans & deposit products).
Deposits do not include bank-initiated transactions, reversals or refunds. Membership Value is calculated by taking the total closing balance of all your Savings, Term Deposits and Loan accounts each day for a membership and averaging this total daily balance across the number of days in the month. Note: balances are calculated on the effective date of the transaction. Does not include overdrawn balances. Where an accounts debit balance is greater than its approved credit limit, the credit limit amount is instead used.
Transaction fees and charges may apply, please refer to our Fees and Charges.
What makes it so great ?
Tap & Go .
It’s easy with your Visa card, or tap your own way with Google Pay™, Apple Pay® and Samsung Pay®, the choice is yours.
24/7 digital banking.
24/7 access with e-statements, internet banking & our mobile app – banking from your phone or tablet.
Instant payments.
Make a payment and know it has been received and cleared in minutes – Osko® & PayID.
Deposit your pay.
Say goodbye to your monthly account keeping fee, simply by depositing at least $2,000 into your account each month (excludes bank-initiated transactions, reversals and refunds).
How to apply
It’s easy to apply online.
You’ll need to be 18 or over to open an Everyday bank account. There’s no minimum deposit amount to open an account.
What you’ll need.
- An email address and contact number
- Member number (If you’re already a customer)
- If your not already a customer you’ll need an Australian driver’s licence, Medicare card, passport details or Australian birth certificate to identify yourself
Everyday account FAQs
An everyday account is a transaction account designed for individuals over 18 who need a convenient way to manage their funds and facilitate payments. It’s essentially your everyday hero account, helping you keep everything in check. This Everyday account offers key features such as at-call funds, no interest earnings, and access through card, internet banking and banking app. It may come with a monthly account-keeping fee unless you meet the monthly minimum deposit or overall membership value criteria.
The main difference between Everyday accounts and savings accounts lies in their purpose and features. Everyday accounts are designed for daily transactions, offering features like card access and online banking to manage day-to-day finances efficiently. They typically do not earn interest. On the other hand, savings accounts are intended to save money over time and usually offer interest on the balance, helping your savings grow. They might not provide the same level of access as everyday accounts, such as card or cheque facilities, as their primary goal is to encourage saving. This is why it’s so important to make sure you’ve made the right choice before opening an Everyday account.
When you apply for a Visa Debit card, it’s comforting to know that fees are minimal. Our members enjoy accessing over 10,000 ATMs across Australia without incurring the $2.50 ATM operator fee, making cash withdrawals convenient and cost-effective. To view a full list of banks with fee-free ATMs, visit www.ratecity.com.au/bank-accounts/news/banks-allow-free-atm-withdrawals
For Everyday accounts, the daily limits for ATM withdrawals are $1,000 from ATM and Bank@Post. You can view our current limits via our Summary of Accounts, Access Facilities and Transaction Limits schedule.
To view our current limits, please see our Summary of Accounts, Access Facilities and Transaction Limits schedule.
If you notice an unfamiliar transaction on your Everyday account, immediately contact us here.
Once you apply for a Visa Debit card and receive it, linking it to your digital wallet for contactless payments is seamless. This feature enables you to enjoy the convenience of quick, secure transactions using Google Pay, Apple Pay and Samsung Pay, further enhancing the versatility of your Visa Debit card for everyday use.
Once you apply for a Visa Debit card and receive it, linking it to your digital wallet for contactless payments is seamless. This feature enables you to enjoy the convenience of quick, secure transactions using Google Pay, Apple Pay and Samsung Pay, further enhancing the versatility of your Visa Debit card for everyday use.
We automatically issue you with a Digital & Physical card which is active and ready for you to use within 4 business working hours after your request is made. You can easily set your PIN via Internet Banking and our mobile app once your card is available. You’ll then receive your physical card in the mail up to 10 business days later.
For those who prefer personal assistance, calling us at 1300 132 249 is always an option. These methods ensure you can use your Visa Debit card securely and conveniently.
Yes, you can use your Visa Debit card abroad to make purchases or withdraw cash, allowing you to access your funds internationally. Remember that an International Transaction Fee applies to all international transactions – including purchases or withdrawals, and foreign ATMs may also charge their own withdrawal fee.
This fee is in place to cover the costs associated with processing transactions in foreign currencies and the operational costs of facilitating your card’s use outside the country. To manage these fees effectively, consider planning your transactions and exploring other payment options when travelling abroad. Awareness of these fees can help you make informed financial decisions, ensuring you enjoy your travels without worrying about unexpected expenses.
Always consider the current conversion rate when using your card abroad.
Before travelling, it’s crucial to notify us, allowing us to monitor your transactions for added security during your trip.
If your Visa Debit card is lost or stolen, immediate action is necessary. Our mobile app provides a straightforward process to report your card as damaged, stolen, or lost. Simply log in, navigate to the ‘cards’ section, and follow the prompts to secure your account and order a replacement card. If you don’t have the app, it can be downloaded easily. Additionally, you can contact our Visa Debit support at 1300 132 249 during the Illawarra Credit Union’s business hours or 1800 648 027 outside business hours for immediate assistance.
Government Guarantee.
The Australian Government guarantees aggregated deposits with Australian authorised deposit-taking institutions, including Illawarra Credit Union (a division of Community First Credit Union Limited), of up to $A250,000.
The Financial Claims Scheme (FCS) is an Australian Government scheme that was established during the 2008 global financial crisis to provide financial protection for consumers in the unlikely event of a failure of a bank, credit union, building society or general insurer.
The FCS provides protection for depositors of banks, credit unions and building societies that are incorporated in Australia (also known as authorised deposit-taking institutions or ADIs), for deposits up to $250,000 per account holder per ADI. The FCS limit of $250,000 applies to the sum of an account holder’s deposits under the one banking licence. This includes accounts with any other banking business that the licenced banking institution may operate under a different trading name. Community First Credit Union Limited operates the brands Illawarra Credit Union, Community First Bank and Easy Street Financial Services. For the purpose of FCS, all deposits held under the different brands are added together to determine the FCS entitlement for an account holder. The scheme aims to return deposits to account holders within seven days of activation of the FCS.
The FCS can be activated by the Australian Government in the unlikely event that an ADI or general insurer fails.
Once activated, the FCS will be administered by APRA.
The objectives of the FCS are to:
- protect depositors of ADIs, and claimants of general insurers, from potential loss in the unlikely event of the failure of these institutions;
- provide depositors with prompt access to their deposits that are protected under the FCS; and
- support the stability of the Australian financial system.
Further information about the Government Guarantee can be obtained from the APRA website at www.fcs.gov.au.
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Find out moreImportant notes
Illawarra Credit Union, a division of Community First Credit Union Limited ABN 80 087 649 938 AFSL and Australian credit licence 231204, is the product issuer of the deposit and payment products. Any advice given is of a general nature only and does not take into consideration your objectives, financial situation or needs. Please consider the appropriateness of the advice before acting. Refer to the Account and Access Facility Conditions of Use and the Fees and Charges for more details. Fees and charges are payable. Terms and conditions apply and are available on request.
BPAY® registered to BPAY Pty Ltd ABN 69 079 137 518. Osko® is a registered trademark by BPAY Pty Ltd ABN 69 079 137 518. Android, Google Pay, and the Google Logo are trademarks of Google LLC. Apple, the Apple logo and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Apple Watch is a trademark of Apple Inc. App Store is a service mark of Apple Inc. Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd. Garmin, the Garmin logo, and the Garmin delta are trademarks of Garmin Ltd.
