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Fees & Charges

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Changes to fees & charges

Due to an increase in third-party fees from our suppliers, LCU will have to pass on these increases to our third-party fees & charges as well. Good news, ALL ATM transactions are now free when using an ATM on the RediATM network. We have removed the access ATM fee. However, if you use another financial institution's ATM, the ATM owner may charge you a fee that will be debited at the time of the withdrawal, the amount of the charge will depend on the ATM owner.

Business Account (S10) Fees

It has come to our attention that the 50 cents per transaction business account fee has not been charged to LCU’s business accounts for all transactions. From 1st November 2017, this fee will be charged on all transactions as per our current fees & charges schedule.  We will not be charging these fees retrospectively. We apologise for this oversight, if you have any queries please contact us on 02 9859 0585.

Fees & charges - Effective 1st November 2017

You can still avoid fees & charges when using an LCU Visa Card

When using an ATM you now have free transactions when you use an ATM on the RediATM network. See the ATM locator network or download the App for your nearest RediATM. If you use any other financial institution's ATMs the ATM owner may charge you a fee that will be debited at the time of the withdrawal, the amount of the charge will depend on the ATM owner. LCU has no additional fees for ATM withdrawals if you use another financial institution's ATM within Australia. It may be beneficial to make larger transactions instead of many small ones.

LCU gives you 10 free EFTPOS cash withdrawals per month. By using the “Savings” option and entering your PIN, cash may be withdrawn at the same time as making a purchase.

If cash is not required when making a purchase, it is preferable to select the “CRedit” button and use your PIN. By choosing the “CRedit” option the purchase is treated as a Visa purchase and does not count towards the free monthly EFTPOS transactions. Tap & pay payments using your LCU Visa Debit Card are also considered as a “Credit” transaction, so they are fee free. Don’t forget that you can now tap & pay with your mobile phone using Apple Pay or Android Pay.

Over the counter fee-free cash withdrawals are available at any LCU office.

Still writing cheques? Other Bill paying methods are:

  • Visa card
  • Electronically via Direct Debit or
  • BPay

 

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