If you are a senior, or have an account balance of $ 5,000 or more, you do not have to pay any monthly service fees. (mybanktracker.com)
You can, however, have your account balance transferred to a complying super fund or retirement savings account. (ato.gov.au)
At a minimum, the fact that the platform has no account balance minimums makes it a great place to start investing and building up your account from humble beginnings. (freefrombroke.com)