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IMB’s Member Transaction Allowance (MTA) is a unique and rewarding component of IMB’s offer to our Members. Every IMB Member has the opportunity to earn a transaction allowance that rewards the length and breadth of your banking relationship with IMB. You use your monthly allowance to offset any transaction fees you may incur on accounts you own during the month. 

How is the MTA calculated?

The MTA is calculated based on the number and type of products you hold with IMB, the value of those holdings and the time you have been an IMB Member. So, the longer you have been an IMB Member and the more accounts and loans you hold with IMB, the higher your monthly allowance is likely to be.

If you live outside the postcodes 2500-2580 we recognise that you have less access to IMB's network of ATMs and branches so you will receive an additional allowance to assist you with your banking.

Member Transaction Allowance Estimator

What if I have more than one account?

Each IMB account you own contributes to increasing your MTA (excluding the Everyday Unlimited and Everyday Unlimited KickStart Accounts*). The total amount of your MTA is applied to the account that incurs the highest transaction charge for that month. You also receive a monthly allowance on your second and third most expensive accounts.

Your MTA is applied to the accounts that you own^ as follows:

  • 100% MTA - applied to the account that incurs the highest transaction charge for that month
  • 50% MTA - applied to the account that incurs the second highest transaction charge for that month, and
  • 25% MTA - applied to the account that incurs the third highest transaction charge for that month.

So, if your total MTA for the month is $10, $10 will apply to the first account, $5 to the second and $2.50 to the third. Making a total of $17.50 in MTA for that month.

You will pay for all fees incurred on any additional accounts, with no allowance being applied. Individual members under 18 years of age receive a minimum $2 allowance. Any unused monthly allowance is forfeited and will not be applied to fees incurred on your accounts in any subsequent month.

Joint account holders

Where accounts are held in more than one name, all account holders will receive the benefit of the member allowance based on the balance of the joint account.

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^Subject to the conditions above, we will only apply your member allowance against fees incurred on the accounts you ‘own '. For the purpose of applying the member allowance, the first named account holder of a joint account is deemed to be the 'owner' of the account.
*The Everyday Unlimited and Everyday Unlimited KickStart accounts are exempt from and do not count towards IMB’s Member Transaction Allowance. The IMB Member Transaction Allowance cannot be applied against any monthly fees or transaction fees incurred on these accounts.

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Why choose IMB Bank?

Established in 1880, IMB has been helping people achieve their financial goals for 138 years. IMB offers a full range of banking solutions including home and personal lending, savings and transaction accounts, term deposits, business banking, financial planning and can arrange a wide range of insurance and travel products.

IMB has a growing branch network throughout the Illawarra, Sydney, NSW South Coast, the ACT and Melbourne. We have a lending specialist in every branch and a team of mobile lending specialists who will come to you. IMB members enjoy access to free automated phone and internet banking and a team of professionals who are just a phone call away at our locally based call centre.

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