Show your money who's boss with our Bank Account. It gives you everything you need for everyday banking, including access to a range of savings accounts and money-savings offers. And there's no monthly account fee.You could even open a Bank Account online in around 12 minutes.

Access the world with OCU Global Money

With an OCU Bank Account you can apply for an OCU Global Money Account. This lets you convert, hold or send money in 50 currencies across 200 countries and regions worldwide, with competitive exchange rates. Add your Global Money debit card to your digital wallet to start using it straight away. Global non-OCU fees may apply.Learn more

Access our 5.00% AER / gross Regular Saver

Start saving from just $25 a month with our Regular Saver. Save between $25 and $250 a month for a fixed 12-month term. Withdrawal restrictions apply.

An optional arranged overdraft

You can apply for an arranged overdraft (subject to status), handy for unexpected expenses. Learn more

About your optional arranged overdraft

When you open this account, you'll have the option to take out an arranged overdraft.

An arranged overdraft lets you borrow money (up to an agreed limit) if there’s no money left in your account. Useful if you're hit with an unexpected bill.

If a payment would take you over your arranged limit (or if you don’t have one), we may let you borrow using an unarranged overdraft. It's possible that payments you try to make using an unarranged overdraft may be declined. However, we'll always try to allow essential payments if we can.

You can apply for an arranged overdraft when you open your account, or at any time later. You can ask to increase, remove or reduce your limit at any time in online or mobile banking, by phone or in branch. Your new limit can't be less than what you owe.

We report account activity, including overdraft usage to credit reference agencies. An unarranged overdraft lasting more than 30 days could have a negative impact on your credit rating.

Overdrafts are designed for short-term borrowing only and are subject to status.

Overdraft text alerts

If we’ve got your mobile number we’ll send you an SMS text alert if you’ve gone overdrawn, or we know you’re about to. These alerts help you manage your overdraft usage to avoid being charged interest.

You can opt out of overdraft text alerts by phone or in branch – but note you’ll be opting out of alerts for all your current accounts with us. If you opt out or we don’t have an up-to-date number for you, you may end up paying interest you could have avoided.

Premier Bank Account overdraft charges

When you open your account you can apply for an arranged overdraft. The first $500 is interest-free. Anything you borrow above that, but within your arranged or unarranged overdraft limit, will be charged interest at 39.9% EAR (variable).

The monthly cap on unarranged overdraft charges for the OCU Premier Account is $20. Further details can be found online at our Overdrafts page.

Representative example: 0% EAR (variable) on the first $500, 39.9% EAR (variable) on anything above that, giving a representative annual percentage rate (APR) of 21.8% APR (variable).5Footnote link 5 Based on an arranged overdraft of $1,200.

How does our overdraft compare? The representative APR shows the cost of borrowing over a year, so you can use it to compare the cost of our overdraft against other overdrafts and ways of borrowing.