BSB 802-249

Perfect for

Students under 23 years


Product Features

Enjoy the perks of an Everyday Lite account, like:

No monthly account keeping fee

24/7 access via phone and online banking

Direct Credits / Direct Debits

  • Our Everyday Lite account is available to all members between the age of 12 – 18 years, and members up to 23 years of age while studying at University/TAFE.
  • For members at University/TAFE, you’ll need to provide proof of your student status annually to ensure you’re eligible and can retain the Everyday Lite account.
  • There is a minimum $1 to open an Everyday Lite account.
  • The Everyday Lite account is limited to one account per membership.
  • The Member Cheque facility is not available on the Everyday Lite account.


  • Branch (cash, cheque)
  • Direct credit
  • Electronic transfer


  • Branch (cash, cheque)
  • Visa debit card
  • EFTPOS / ATM access
  • Internet / Phone banking
  • Direct debit
  • BPAY®
  • Standing orders

Everyday Lite – Fees summary
Account keeping fees
Monthly account keeping fee $0
Transaction fees
Deposits into your accounts Free
Direct debits Free
Payments using internet banking Free
BPAY® transaction Free
VISA Domestic ‘credit’ transactions Free
rediATM balance enquiry Free
EFTPOS purchases & cash out Free
Cheque withdrawals Free
Staff assisted transactions Free
Periodical payments (external) Free
Cash withdrawals of $50 or over at rediATM, branch or Bank@Post Free
Cash withdrawals under $50 at rediATM branch or Bank@Post $1.50

If you don’t like paying fees, don’t worry because we’ve purposely placed some waivers in our fee structure. Here are a few ways you can avoid paying your account keeping fee:

  • If you’re aged under 18 you don’t pay an account keeping fee. It’s just another way we show our support for your financial future.
  • If you’re under 23 and a University or TAFE student, your banking with us is free of the monthly account keeping fee. You will need to provide proof of your student status annually to ensure you’re eligible and can retain the Everyday Lite account.
  • Deposit a minimum of $2,000 into your account during the month.
  • Ensure your average membership balance is $50,000 or above. This includes all loans and deposits in your name.


Note: For additional information on servicing fees, refer to our Fees, Charges and Transaction Limits brochure.

Balance Interest Rate
$0+ 0.05% p.a.

Interest is calculated daily on closing credit balance and credited quarterly.

Refer to our Summary of Accounts & Availability of Access Facilities for more information.

Important notes

Interest Rates current as at 03/07/2018 and are subject to change. Illawarra Credit Union is a division of Community Alliance Credit Union Limited the product issuer of the deposit and payment products. Any advice given is of a general nature only and does not take into consideration your objectives, financial situation or needs. Please consider the appropriateness of the advice before acting. Refer to the Account and Access Facility Conditions of Use and the Fees, Charges and Transaction Limits brochure for current details. ®Registered to BPAY Pty Ltd ABN 69 079 137 518