Fees and Charges
How to reduce bank fees
At Bendigo Bank we know that every dollar you save is valuable. That’s why we’re committed to helping you reduce your bank fees whenever we can.
The simplest and easiest way to do this is to choose the accounts that best suit your needs.
Our friendly staff can help you review your banking needs to ensure you’re receiving the best value for money. We’ve also compiled the list of quick tips below to help you minimise the fees you do pay.
Your everyday banking doesn’t need to cost a lot
|Manage your transactions
||Instead of withdrawing small amounts, try to plan your cash requirements in advance to make less frequent withdrawals.
|Know your account balance
Check your account balance before you make a withdrawal or write a cheque – and keep a record of your regular payments.
This way you’ll know you have enough money in your account to cover them, and you won’t be charged an overdrawn or dishonour fee (also called "exception fees").
|Use a Bendigo ATM
You pay less for ATM transactions completed at Bendigo Bank ATMs.
Deposits, balance enquiries and cash advances are fee free at Bendigo ATMs.
|Take extra cash out when using EFTPOS
||This way both your purchase and your cash withdrawal will be counted as just one transaction.
|Use Bendigo Internet and phone banking
||Bendigo Internet and phone banking provide a convenient and cost-effective way to manage your banking. Using the Internet, phone, direct debit or BPAY can provide big savings.
|Sign-up for email alerts
Avoid overdrawing your account - as part of your Internet Banking, sign up for a Bendigo ‘low balance alert’ and we’ll notify you by email when your account balance drops below a pre-set level.
Simply contact Customer Contact and Care on 1300 BENDIGO (1300 236 344).
|Consolidate your accounts
||If you have more than one account with the Bendigo or another financial institution, you may be able to save time and money by consolidating your accounts.
|Press ‘credit’ with your Bendigo Blue Debit Card
|| Press ‘credit’ when using your Bendigo Blue Debit Card for EFTPOS purchases and you’ll pay no transaction fees on that transaction (assuming your account is not overdrawn or over-limit).
|Take advantage of our Transaction Account Rebates
||Bendigo Transaction Account Rebates can help you cut the cost of banking. If you hold an eligible account we’ll provide a monthly allowance to help you offset your fees.
|Extra savings for shareholders
||If you have more than 500 fully paid Bendigo Bank shares you’ll receive an additional allocation of Transaction Account Rebates.
|Find out more about your fees and charges
||The more you know about the fees and charges that apply to your account, the better prepared you can be to minimise them. Read the Bendigo Fees Charges and Transaction Account Rebates brochure available from any Bendigo Bank branch.
Exception Fees – what are they and when will we charge them
By following these straightforward tips you’ll reduce the amount of fees charged to your accounts.
We understand it can sometimes be easy to lose track of your account balances or miss a payment.
On these occasions it is possible that you may incur one of the following Exception Fees. Of course, we’ll always welcome the opportunity to talk with you about your situation and look at ways to avoid incurring these fees in future.
|Cheque Dishonour Fee (inward)
||Applied when a cheque deposited into a Bendigo Account is not paid by the payee’s bank. The fee is charged to your account when the cheque is dishonoured.
|Cheque Dishonour Fee (outward)
||Applied when a personal cheque you have written is dishonoured by Bendigo Bank due to insufficient funds in your account.
|Direct Debit Dishonour Fee
||Applied when a direct debit from your account is dishonoured due to insufficient funds.
|Overdrawn Account Fee
||Applies when your account is overdrawn or exceeds its credit limit without prior arrangement with us. You will be charged this fee each day you perform a transaction on your account and your account remains overdrawn at the end of the day.
|Credit Card Default Fee
||Applied when the minimum repayment on your Bendigo Credit Card exceeds $25 and is not paid within 30 days after the due date (charged to your account at the end of the monthly statement period.
Find out more
Full details of the fees and charges that apply to your bank account is in our Schedule of Fees, Charges and Transaction Account Rebates. Copies of this document are also available from your nearest branch, or by calling us on 1300 BENDIGO (1300 236 344).
Bendigo Bank Schedule of Fees, Charges and Transaction Account Rebates - Approx. 138Kb
If you want to know more you can drop into your nearest Bendigo Bank branch or phone 1300 BENDIGO (1300 236 344) – a member of our friendly staff will be delighted to discuss our fees and charges with you, or help you review the current structure of your accounts.
Reducing your bank fees with the Bendigo is as easy as following a few quick tips.
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This information contains general advice only. Please consider your situation and read the Terms and Conditions and Schedule of Fees, Charges and Transaction Account Rebates available from any Bendigo Bank branch or online at www.bendigobank.com.au before making any decision. Bendigo and Adelaide Bank Limited, The Bendigo Centre, Bendigo VIC 3550. ABN 11 068 049 178. AFSL 237879.