Concession cards

List of the top concession cards low income for students, pensioners

Updated: 01.09.2026

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Bank of Melbourne

Concession Account

💰 Fees & Rates

  • Account-keeping fee: AUD 0.00.
  • Dishonour fee: AUD 0.00.
  • Overdrawn fee: AUD 0.00.
  • ATM cash withdrawals at major bank ATMs in Australia: AUD 0.00, although some ATM operators may charge their own fee.
  • Overseas withdrawal fee: AUD 5.00, or AUD 0.00 at Global Alliance ATMs.
  • Foreign currency conversion fee: 3.00% for transactions made in foreign currency when the merchant or financial institution is located outside Australia.

📋 Important Terms

  • Designed for individuals who hold a Concession or Health Care card, receive an eligible Australian Government benefit payment, or are a low or no income earner.
  • Visa Debit Card access is available if the customer is 14 years or over and has an Australian residential address.
  • Fraud Money Back Guarantee applies if unauthorised transactions are reported promptly and the customer did not contribute to the loss.
  • Visa payWave can be used for purchases under AUD 200, subject to card and terminal support.
  • Mobile banking tools include balance checks, transfers, ATM locator, transaction tracking, Spend Tracker, Quick Balance, and Card Lock.

💡 Adviser’s Tip

Olesya Krasavtseva
Olesya Krasavtseva Analytic & Editor at Prostobank Consulting

The main advantage is the genuinely low-cost structure: no account-keeping fee, no overdrawn fee, and no dishonour fee, which makes it very suitable for customers on a tight budget. The main drawback is that overseas use can still be expensive because of the withdrawal fee and 3% foreign currency conversion fee. Compared with basic transaction accounts from the Big Five, this is strongest for customers who qualify for concession-style banking and want a simple, fee-light everyday account rather than rewards or premium features.

St. George Bank

Concession Account

📋 Important Terms

$0 account-keeping fee

$0 dishonour & overdrawn fees

$0 ATM fees

Westpac Bank

Westpac Choice Concession

💰 Fees & Rates

Account-Keeping Fee: 0 AUD (waived from the standard 5,00 AUD) Cash withdrawal fees at Westpac and select partner ATMs: 0 AUD Transactions and account enquiries: Unlimited and fee-free

📋 Important Terms

Eligibility: Must hold a Concession or Health Care card, receive eligible Australian Government benefits, or be a low or no income earner Residency: Must have an Australian residential address Identification: 2 forms of ID required for new customers (e.g., Passport, Driver licence, Medicare card) Promotional offer: Open alongside an eligible savings account and deposit 50 AUD within 10 days to receive a 50 AUD bonus in the savings account (valid until 8 June 2026)

💡 Adviser’s Tip

Olesya Krasavtseva
Olesya Krasavtseva Analytic & Editor at Prostobank Consulting
The Westpac Choice Concession account is an exceptional everyday banking solution designed to protect the funds of financially vulnerable individuals. Its main advantage is the complete elimination of monthly account-keeping fees and the provision of unlimited free transactions, ensuring every dollar is preserved for daily living. The main disadvantage is that the account earns absolutely no interest, and customers must continually meet strict eligibility criteria to maintain these fee waivers. When compared to the low-income basic accounts offered by Commonwealth Bank, NAB, and ANZ, Westpac adds significant value through its highly rated mobile app and robust digital security features, such as SafeBlock and a dynamic CVC on the digital card. This product is best suited for pensioners, government benefit recipients, students, and low-income earners who require a safe, completely free account for receiving payments and managing daily expenses without the worry of hidden charges.

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What is a bank concession card?

A bank concession card typically refers to a card issued by a bank that provides specific financial benefits or concessions to eligible customers. These cards are often associated with accounts or products offered by banks and are designed to provide discounts, fee waivers, or other benefits to certain groups of customers.

How do I apply for bank concession cards? Can I apply online?

Applications are usually submitted through the bank's website, branch, or customer service channels. Applicants may need to provide supporting documents to verify eligibility.

Eligibility criteria vary depending on the type of concession card. For student cards, applicants typically need to provide proof of enrollment in a full-time study program. Seniors may need to meet age and income criteria, while health care-related cards require eligibility for specific government concessions.

What are concession card for disabled (low income cards)?

Concession cards for disabled individuals provide access to various discounts and benefits to help manage living costs and healthcare expenses. These cards are issued by the Australian Government and are aimed at supporting individuals with disabilities or long-term medical conditions (Pensioner Concession Card (PCC), Health Care Card).

What is a dentist concession card?

In Australia, there isn't a specific "dentist concession card" as such. However, eligible individuals who hold certain concession cards issued by the Australian Government, such as the Pensioner Concession Card (PCC) or Health Care Card, often receive concessions on dental services through various schemes and programs.

What are taxi or transport concession cards?

A Taxi Concession Card in Australia provides eligible individuals with subsidized taxi fares, making transportation more affordable for those who might have difficulty using public transport due to age, disability, or other mobility

A Transport Concession Entitlement Card in Australia is a card that grants eligible individuals access to reduced fares and other travel concessions on public transport. These cards are generally aimed at students, job seekers, and other groups who meet specific criteria, helping to make travel more affordable.

You can also place free funds on a savings account.

Calculate your future income on a savings account (example): 

Amount, $ Rate, % Accrued %, $
25,000 3.40% 850
25,000 3.45% 863
25,000 3.50% 875
60,000 3.55% 2,130
60,000 3.60% 2,160
60,000 3.65% 2,190
120,000 3.70% 4,440
120,000 3.75% 4,500
120,000 3.80% 4,560
240,000 3.85% 9,240
240,000 3.90% 9,360
240,000 3.95% 9,480

How do I apply for a concession card?

To go for a concession card in Australia, such as a Pensioner Concession Card (PCC), Health Care Card, or other government-issued concession cards, you generally need to follow these steps:

1. Determine Your Eligibility. Before applying, ensure you meet the eligibility criteria for the specific concession card you wish to apply for.

2. Gather Required Documentation. Prepare the necessary documentation to support your application. This typically includes:

  • Proof of identity (e.g., passport, birth certificate)
  • Proof of residency in Australia (e.g., utility bills, lease agreements)
  • Income details (e.g., payslips, Centrelink statements)
  • Any other documents specific to your eligibility criteria (e.g., medical certificates for health-related concessions)

3. Apply Online or In-Person. Many concession card applications can be completed online through the Services Australia website (formerly Centrelink). You will need to create or log in to your myGov account and follow the prompts to apply for a concession card.

If you prefer to apply in person or require assistance with your application, visit a Services Australia Service Centre. Bring all necessary documents with you for verification.

4. Fill out the application form accurately and completely. Provide all required information and ensure that any supporting documents are attached or uploaded as instructed.

5. Submit your completed application form and supporting documents either online or in person at a Services Australia Service Centre. If applying online, follow the instructions to submit your application electronically.

6. Services Australia will process your application and assess your eligibility based on the information provided.

7. You will receive your concession card by mail at the address provided during the application process. Ensure you activate your card according to the instructions provided.

See the similar FAQs about Australian banks: 

Contacts of companies offering the financial services:

Bank of Melbourne

Address: 525 Collins Street

Contact: 13 22 66

Web: www.bankofmelbourne.com.au

SWIFT: SGBLAU2S

Stock: WBC

St. George Bank

Address: 275 Kent Street

Contact: 13 33 30

Web: www.stgeorge.com.au

SWIFT: SGBLAU2S

Stock: WBC

Westpac Bank

Address: 275 Kent Street

Contact: 13 20 32

Web: www.westpac.com.au

SWIFT: WPACAU2S

Stock: WBC

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