Make your everyday banking simple with our Easy Access transaction account. Designed for customers looking for a banking solution with no monthly fees for customers under 30 and those who meet the fee waiving requirements, access to financial tracking tools and up to 8 offset accounts for budgeting and managing your home loan. Packed with benefits, our Easy Access is a straightforward transaction account so you can enjoy the easy-er life.
New to SCCU? Open your Easy Access transaction account in a couple of steps.
To open an account, you must:
Products issued by Southern Cross Credit Union Ltd. ABN 82 087 650 682. AFSL 241000. Any advice given is of a general nature only and is not based on any consideration of your objectives, financial situation and needs. To decide if a product is right for you, please refer to the Summary of Accounts, Access Facilities and Transaction Limits. Eligibility criteria, fees and charges, terms and conditions apply. To help you better asses if these products are right for you please reach out to our team or read through our Target Market Determinations (TMD), designed to help you make an informed decision that is consistent with your objectives, financial situations and needs. Deposits up to $250,000 per account holder are guaranteed by the Federal Government under the Financial Claims Scheme.
*$0 monthly fee: Standard account fee of $5 per month is waived if you meet one of the following criteria: you are under 30 or deposit at least $2k/month into the account or if you have $30k or more in deposits and/or loans with us.
Pay less in interest on your Home Loan with our Easy Access transaction account offset feature, ultimately reducing the amount of interest you pay to help you own your home sooner.
When you link your Easy Access account to your Home Loan account*, the full balance across your Easy Access accounts will offset the amount you owe on your home loan.
For example, if you owe $350,000 on your home loan and hold $10,000 in your Easy Access transaction account for the full month, the interest calculated on your Home Loan will be on $340,000 instead, saving you money.
At the same time, the balance in your Easy Access transaction account is freely available for you to use, just like any other everyday account. Interest is calculated daily and charged at the end of the month, so even if you hold extra money for a few days instead of the whole month, it will still make a difference.
*Excludes business and reverse mortgages.
Fast Payments are available for any single transaction made via our NetBanking or mobile app.
To make and receive fast payments, select the Osko or New Payment Platform (NPP) option as your payment type before completing your transaction. You’ll know your money has been scheduled to be sent in most cases instantly if you see the Osko logo on the type of transaction selected when doing your bank transfer. Otherwise, your payment will be processed in our standard processing times.
Fast payments only work if the receiving financial institution is also registered with the NPP and Osko to have the technical capability to process payments fast. However, these limitations do not apply for receiving funds.
When making fast payments via Osko, it is crucial that you remain mindful and attentive to details when paying someone, so you can keep your funds safe. Once you make the payment the chances of recovery are very limited. So be extra careful to make sure the detail of the intended recipient is correct.
For more information and step-by step guides, click below.
Part of our fast payments solution, PayID is a simpler alternative to a BSB and Account number. It lets you send and receive money using a mobile number, email address, ABN or Organisation Identifier. Ideal for those who want to save time, make and receive fast payments via Osko using an easier-to-remember option for account identification.
When you send money to a PayID, you will see the name of the person or business you are paying before you complete the payment. This can help reduce mistaken or scam payments.
Setting up your PayID is quick and easy. All you need to do is create your PayID via our NetBanking or mobile app using a mobile number or email address that’s registered to your bank account.
After you create your PayID, you can tell payers to make fast payments to your PayID instead of giving out your account details.
Click below to learn more on how to setup your PayID in NetBanking or mobile App.
Enjoy the benefits of your Digital Wallet. Add your SCCU card to Apple Pay or Google Pay for an easy way to tap and pay.
What is Apple Pay?
Apple Pay is a digital wallet from Apple which lets you use a compatible iPhone, Apple Watch, Mac or iPad to make secure contactless purchases in stores, within selected apps and participating websites in Safari, on your SCCU card.
What is Google Pay?
Google Pay is a free app that allows you to pay with your SCCU Visa Debit with a tap of your phone while enjoying the same benefits and protection of your physical card. You can use Google Pay almost anywhere contactless payments are accepted.
Click below to learn more on how to the benefits and how to use Apple and Google Pay with your digital wallet.
Do you have accounts with more than one bank? Get a single view on your finances with Frollo, a comprehensive money management app.
Frollo is a free and secure app that allows you to have all your banking and finance accounts all in one place, so you can see them in totality without going into several apps separately.
All you need to do is download the Frollo app and add your transaction accounts, credit card, savings and loan accounts to Frollo in just a few clicks for a full picture of where your money goes.
It also allows you to easily set and track your budget, shows ways you can save and tips on achieving your financial goals.
Frollo is a third-party app. Click below to visit their website and learn more.
Plan your financial future with confidence using our Budget Planner Calculator.
Join our SCCU community along with thousands of customers who love our easy to understand banking services and caring customer approach.
A transaction account, also known as an everyday account, is a type of bank account designed for managing day-to-day finances and everyday spending. It allows for frequent deposits such as your wages, and withdrawals such as paying bills and making purchases with a visa debit card, using ATMs, and online banking.
Our Easy Access transaction account is not an interest-earning account. However, if you are 50 years and over, our Easy Access 50+ interest-earning transaction account might be a good fit for you.
For interest-earning, you can also open our Star Saver savings account and link it to your Easy Access transaction account.
There is no minimum balance requirement when you open an Easy Access account with us, your trusted community-focused financial institution.
Yes, when you open a Star Saver you must link it to your Easy Access account to manage your savings.
You can also have up to 8 Easy Access accounts and use any number of these to offset your Home Loan helping you save on interest. The offset feature is free of charge and only available on our Home Loan products.
You can have up to 8 Easy Access transaction accounts.
Often multiple accounts are used for budgeting, with dedicated accounts for different purposes such as one for paying bills and another for savings, for example.
You can also use up to 8 accounts to offset your Home Loan and to help save on the amount in interest you pay on your mortgage.
Once you open your first account with us, you can open additional transaction accounts via your NetBanking.
Yes, there can be fees associated with our Easy Access transaction account but there are ways to avoid these fees as listed in the disclaimers.
For additional information, visit our support page or contact us via 1300 360 744.
To quickly lock or cancel a lost or stolen card jump into your mobile app and go to your card setting. You can then order a new card through the app or call our Customer Service Centre at 1300 360 744, or visit your nearest Financial Service Centre.
You can access your money in your transaction account in several ways.
In-Person: Visit your local Financial Service Centre to make deposits or up to $10,000 in withdrawals for free.
Online Banking: Use NetBanking and/or our mobile app to manage your account, transfer funds, and pay bills.
Debit Card: You can have a Visa Debit Card with this account, allowing you to access your money whenever and wherever you need it, including making purchases and withdrawing from ATMs.
Digital Wallet: Set up your SCCU Visa Debit Card in your Apple or Android digital wallet.
Yes, you can set up direct debits or automatic payments from your transaction account. Here’s how:
Direct Debits: Provide your transaction account details to the service provider you wish to pay automatically, such as utilities or subscription services. They will set up the direct debit to withdraw the specified amount on the due date.
Automatic Payments: Log in to your NetBanking or mobile app. Navigate to the bill payments or scheduled payments section, where you can set up recurring payments for regular bills by specifying the amount, frequency, and recipient details.
PayTo: You can authorise PayTo agreements for recurring bills, subscriptions, memberships, and even one-off or ad hoc payments in your online banking.
There are various daily transaction limits depending on the type of transaction(s). You can find all limits outlined in our Summary of Accounts in the Product Disclosures.
You can withdraw money with free ATM access at any of the big 4 banks (ANZ, Westpac, NAB and CBA) for amounts up-to $2,000 daily. Fees are also subject to cleared funds being available within your account.
You can easily switch your old transaction account for the new one in 3 easy steps:
Contact us on 1300 360 744 or visit a Financial Service Centre close to you for personalised assistance.
From your first transaction to lifelong investments, with you across all financial life stages.
Years of age
Australian our NZ resident
Confirmed employment
If you'd like a little extra help, call our team on 1300 360 744.
