Cheers Everyday Account

Why should I choose a Cheers Everyday Account?

Australian Central’s Cheers Everyday Account is a general transaction account that gives you easy access to your money, a choice of two low monthly fee options with unlimited transactions, plus reward benefits that can be paid to you or to any one of our participating charities to help them help others.

Choose Options

With our Cheers Everyday Account you can select between one of two options:

Cheers has everything you’d expect from an easy to use everyday account, plus a range of benefits and a choice for you to select the option that best suits you.

Summary of benefits

Transaction type	Full Access	Electronic Access
Administration fee per month	$5.00	$4.00
rediATMs	Free	Free
Non rediATMs*	$0.00	$0.00
EFTPOS	Free	Free
BPAY®	Free - see reward benefits	Free - see reward benefits
Visa Card where you select ‘Credit’	Free - see reward benefits	Free - see reward benefits
Online Banking	Free	Free
Telephone Banking (DIAL)	Free	Free
Direct debit & Credits	Free	Free
Personal (member) cheque	Free	$1.00
Deposits at Australian Central Banking Centre or Agency Aust. Post - Bank@Post™	Free	Free
Withdraw funds from Australian Central Banking Centre or Agency Aust. Post - Bank@Post™	Free	$2.50

See Schedule of Fees and Charges for full details ® Registered to BPAY Pty Ltd ABN 69 079 137 518

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How to waive fees

At Australian Central, we recognise that some members have special needs and that other members, due to the nature of the relations they have with us, deserve special consideration.

Following is a summary of the type of situations where the monthly fee will be waived:

• A minimum balance of $2,500 is maintained in the Cheers Everyday Account throughout the entire calendar month.
• Have deposits with a combined balance in excess of $50,000 with Australian Central.
• Have a current Australian Central or Happy Talk Home Loan.
• Have an Australian Central Lifestyle or Limited Wealth Management relationship.
• Where the member is under 18 or over 55 years of age.
• Have a disability pension administered by Centrelink.

It’s all about being fair and recognising our members, after all you're central to everything we do.

Click here to view the Schedule of Fees and Charges for full details

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Reward benefits

Cheers also has the unique feature of providing reward benefits to members. These rewards are awarded as follows:

When you maintain a balance of at least $2,500 in your Cheers Everyday Account during the entire calendar month	No monthly fee + $2.00 per month
Every time you pay for goods using your Visa Card, when you select the ‘Credit’ option	$0.05 for every transaction
When you pay a bill using BPAY	$0.10 for every bill paid

But Cheers offers you even more. You also have the choice of either:

• Having the reward benefits paid to you; or
• Electing for Australian Central to pay reward benefits directly to any one of our participating charities.

In this way you help us in supporting worthwhile social causes, enabling these charities to continue to perform the invaluable work they do for our communities.

Click here for a summary of the participating charities.

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How to apply

Just call us on 13 13 21.

Monday to Friday: 8am to 8pm (Central Standard time)

Saturday: 8.30am to 4pm (Central Standard time)

or drop in

Your Banking or Advice Centre is the perfect place to open this everyday account that will put a smile on your face. Locate the closest outlet to you.

Switching to Australian Central is easy. Click here for more information.

* Generally speaking, benefits paid by us to a participating charity should not be assessable income for you, meaning you may not need to declare it on your tax return and you would not be entitled to claim a deduction as the benefit is paid directly by Australian Central to your nominated charity. However, we recommend that you seek taxation advice in relation to your personal situation and circumstances.

® Registered to BPAY Pty Ltd ABN 69 079 137 518

You should obtain and carefully consider the Terms and Conditions of Savings Accounts brochure including the Schedule of Fees and Charges before deciding whether this product is appropriate for you.

*All transactions performed using ATMs that are not part of the rediATM network will be subject to a fee levied by the ATM owner. The amount of the fee may vary at different ATMs and will be disclosed and charged at the time of the transaction.  This fee is not payable to Australian Central.

*Deposits are guaranteed by the Government under the Financial Claims Scheme for three years commencing 12 Oct 2008. Deposits up to $1 million are automatically covered by the Government guarantee at no charge.