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Deeming Account

The Maleny Credit Union has Pensioner Deeming Accounts to cater for members who are eligible under the Federal Government Deeming Scheme to open these accounts. They are designed to meet their day to day banking requirements. An opening balance of only $500.00 is required. This account can have access to various additional facilities like a VISA Debit Card, cheque book, periodical payments, Direct Debits and if arranged, overdrafts. The rates of interest are in accordance with the Federal Government's deemed rates of return.

Features

  • Cheque Book Facility
  • Sweep Facility (for cheque accounts)
  • Overdraft Capability
  • Periodic Payments
  • Direct Debit Payments
  • Internet Banking
  • BPay Bill Paying
  • VISA Debit Card

Minimum Opening Balance $500

Membership Activity Fee is $2.50 per month and charged only on memberships that have had over the counter transaction activity.

VISA Debit Card Fee is $3.50 per month and charged on memberships that have a VISA Debit Card on issue. Cardholders will not incur the Membership Activity Fee.

Products issued by the Maleny & District Community Credit Union Ltd ABN 52 087 650 995 AFSL 246921. You should obtain and consider the relevant Product Disclosure Statement in conjustion with the Terms and Conditions PDS, and the Fees and Charges Schedule before making any decision about whether to acquire this product. You can obtain a copy of these documents from our office.

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