Fees, Charges & Transaction Limits

Privacy Notification

Summary of Accounts & Availability of Access

Conditions of Use

Access Account Our Access Account provides convenient access to your money anytime day or night. A no fuss everyday savings account that is designed to cater for your banking needs.

  • No monthly or annual fees
  • RediATM network of 3100 ATMs
  • Internet and Phone banking
  • Cheque books and
  • Direct credits and debits
Online Account On-line only savings account offering a higher rate of interest than your On-call savings account, whilst providing you with an easy and simple way to save.

Funds are available at call and can be accessed via internet banking transfer to your nominated savings account.

Staff assisted transaction online withdrawal fee $10.00

There are also no account keeping fees making this a cost effective way to save. You must be registered for internet banking to be eligible for an online savings account.

Junior Saver The First Choice Junior Saver aims to develop a child’s financial literacy, teach them about managing their money and how to save, helping them to develop good financial habits that can last a lifetime.

The account is a high interest savings account with online access. Interest is calculated daily and credited monthly on the last day of the month. There are no fees or charges on this account. The children only have viewing access to their accounts online and withdrawals are limited to over the counter. A First Choice representative will visit the schools in order to collect any deposits that the school children have.

Every child that opens an account will receive a little gift bag with a Junior Saver money box, a deposit book and a ruler to encourage them to save. First Choice are also offering our marquee for use by the schools when they need it, example for sports carnivals etc. We will also be rewarding the student that saves the most frequently over twelve months from each school with a $20 deposit into their account and a certificate in recognition of their efforts. The school will also receive a book donated to the school library with the child’s name in it.

Cash Management This account can be used as a transaction account but offers a higher rate of interest than the On-call account. There is a minimum balance requirement of $3000.00 to earn the higher rate of interest.

Your funds are available at call and there are no account keeping fees.

Lifestyle Plus This is a high interest, at-call account available to any member aged 55 or over.

There are no minimum balance requirements and funds can be accessed by any of First Choice Credit Union access facilities.  Including; Phone and Internet Banking, Visa Debit Card, Cheque Book, Direct Debits and Credits.

Christmas Club This account is a special purpose account for members to save towards Christmas expenses.

Withdrawal restrictions apply to this account from February to October each year.

There are no minimum balance requirements or monthly account keeping fees.
A penalty applies to early withdrawal from this account.

Mortgage Offset Our Mortgage Offset account may perfectly complete your home loan with us. Any funds deposited in an Offset account are deducted from your home loan balance prior to calculating your interest expense.

This account is a non interest earning account which means you not only reduce the amount of interest you pay on your loan, but you are also reducing the amount of tax you pay on your savings interest. The account has no minimum balance requirements and can be used as an everyday working account as well.