Interest Rate Increase – Tuesday 24 March 2026: Following the RBA’s decision to change the official cash rate, interest rates for owner‑occupier and investor variable loans will increase by 0.25%, effective 1 April 2026. From 1 April 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

Updates to our terms and conditions

We are making changes to our Savings Account and Payment Services Terms and Conditions:

  • Effective 1 May 2026, we are making changes to a number of deposit products so customers with similar accounts will have the same benefits, eligibility criteria and interest rates, whether they bank with Qudos Bank or Bank Australia. For more information on the changes, please see our Deposit updates webpage.
  • Effective 18 May 2026, some transaction and payment limits will change. See below for more details.

Please see qudosbank.com.au/support/legal for the full Savings Account and Payment Services Terms and Conditions.

The changes to our Terms and Conditions will be available on our website from their respective effective dates.

Transaction and payment limit changes

Qudos Bank Current State Future State 18th May
PayWave transactions - Debit Card $15,000 daily limit or 30 transactions per day $10,000 daily limit
PayWave transactions - Credit Card $15,000 daily limit or 30 transactions per day Available balance of credit card limit
Online transactions - Debit Card $15,000 daily limit or 30 transactions per day Available balance of account
Online transactions - Credit Card $15,000 daily limit or 30 transactions per day Available balance of credit card limit

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March 2026