BSP EasyCard review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
BSP EasyCard suits everyday money in Papua New Guinea, where residents get a debit card with no monthly account fee and a savings account paying a variable rate of 3.5%. The banking side is cheap, but the same group's personal loans cost 26% to 35% a year.
Key facts
- Best for
- Fee-free everyday banking in Papua New Guinea, with a savings account paying a variable rate of 3.5%.
- Monthly fee
- PGK 0↗
- Card type
- Debit↗
- Card network
- Visa↗
- Legal entity
- BSP Financial Group Limited↗
- Headquarters
- Papua New Guinea↗
- Founded
- 1974↗
- Support channels
- Phone, Email, Help-centre↗
- Features
- Multi-currency, Travel
- Audience
- Kids
- Official website
- bsp.com.pg
Loans
- APR
- 26% to 35%↗
- Loan amount
- PGK 1,000 to PGK 110,000↗
- Term
- up to 60 months↗
- Arrangement fee
- Application fee K300 (K1,000-K2,000) rising to K700 (above K20,000)↗
- Rate type
- Variable↗
- Lender type
- Direct lender↗
- Eligibility
- Papua New Guinea residents↗
- Loan types
- Personal, Debt-consolidation↗
- Use cases
- Home-improvement↗
- Pricing model
- No monthly fee
Savings
Personal insurance
Pros and cons
Pros
- Everyday banking costs nothing to run, with a monthly fee of PGK 0 and a savings minimum deposit of PGK 0.
- A debit card on the visa network carrying multi currency and travel features, so travel spending and several currencies sit on one balance.
- Savings pay a variable rate of 3.5%, above the site median of 3%.
- Holding cash beats trading here: the median account on the site loses 70.15% of its trades.
Cons
- Personal loans are the expensive side of the group, at an annual rate of 26% to 35% against a site median of 15.5%.
- Support runs on phone, email and help centre, with no live chat in that list.
- Borrowing adds charges: an application fee on personal loans that rises with the amount, plus a PGK 600 product fee on the first home ownership loan.
Who it suits
- Residents of Papua New Guinea who want low cost everyday banking, since eligibility is limited to Papua New Guinea residents.
- People who save a little and often, since the savings account is easy access with round the clock mobile and online access and no minimum balance to sit above.
- Anyone clearing existing debt, as the personal loan covers personal and debt consolidation and home improvement.
Who should look elsewhere
- Wise, if your money mostly moves between currencies: it also has a £0 monthly fee and is built around holding and sending money in other currencies.
- bunq, if you want an everyday account in the euro area, where the €0 monthly fee is the part that matters most.
- Varo Believe Secured Credit Card, if you want a credit card that builds credit from a savings deposit rather than a debit card for spending a balance.
Rates and terms
The savings side pays a variable rate of 3.5%, so the return can move with the bank rather than lock in. The personal loan is the expensive corner of the same group, with an annual rate of 26% to 35% and terms of up to 60. Everyday banking is cheap here, borrowing is not.
How BSP EasyCard compares
9.5 vs 9.4
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Where BSP EasyCard is available
- Available
- Cook Islands, Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga, Vanuatu
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold the account?+
The personal banking account carries a monthly fee of PGK 0, so everyday banking costs nothing to keep open. The savings account pairs that with a minimum deposit of PGK 0, plus round the clock mobile and online access and no minimum balance to sit above.
What kind of card does BSP EasyCard give me?+
It is a debit card on the visa network, so spending comes straight out of your account balance rather than a credit line. The listed features are multi currency and travel, which suits holding several currencies and paying out of the country.
What do the savings pay?+
The savings account pays a variable rate of 3.5%, above the median of 3% across accounts on the site. Because the rate is variable, it can move with the bank, and the account is set up for easy access rather than a fixed term.
How much does a personal loan cost?+
Personal loans run at an annual rate of 26% to 35%, borrowing PGK 1,000 to PGK 110,000 over terms of up to 60. They cover personal and debt consolidation and are aimed at home improvement, with an application fee that climbs as the amount borrowed grows.
How do I get help?+
Support runs on phone, email and help centre, so you can call, send email or read the help centre, and there is no live chat in that list. Eligibility is limited to Papua New Guinea residents, so the account is tied to living in that market.
Who is eligible, and who runs it?+
Eligibility is limited to Papua New Guinea residents, and the group trades as BSP Financial Group Limited, based in Papua New Guinea. It has been banking there since 1974, so the name is an established local one rather than a new entrant.
Does the group sell insurance as well?+
Yes, the group has an insurance arm covering life and health and operating as an insurer. Claims can be made by email, post and in branch, so a claim can start by email, in branch, by post or through an agent or broker.
Is there a home loan too?+
There is, covering purchase, first time buyer and remortgage, with an initial rate of 5.5% and a maximum loan to value of 90%. A product fee of PGK 600 applies on the first home ownership loan, so the all-in cost sits above the headline rate.
Sources
- bsp.com.pg/about/our-story checked September 26, 2026
Backs: Founded, Legal entity
“1974 - BSP was incorporated as the Bank of South Pacific, a wholly owned subsidiary of the Australian parent.”
- bsp.com.pg/help/contact-us checked September 26, 2026
Backs: Headquarters
“Section 34, Allotment 6 and 7, Klinki Street, Waigani Drive, Port Moresby, Papua New Guinea”
- bsp.com.pg/personal-banking/banking-with-us checked September 26, 2026
Backs: Monthly fee
“Free Visa Gold Debit Card”
- bsp.com.pg/personal-banking/banking-with-us/classic-visa-... checked September 26, 2026
Backs: Features, Card network
“Shop worldwide anywhere Visa is accepted”
- bsp.com.pg/personal-banking/banking-with-us/kunducard checked September 26, 2026
Backs: Card type
“The KunduCard is a debit card linked to your BSP Personal Transaction Account”
- bsp.com.pg/personal-banking/insurance/bsp-life checked September 26, 2026
Backs: Insurance types
“Life insurance - Safeguard your family's financial future. Health insurance - Cover your family's medical costs, hospital stays and essential care. Mortgage protection - Protect your home with a plan...”
- bsp.com.pg/personal-banking/loans/first-home-ownership-loan checked September 26, 2026
Backs: Initial rate, Maximum loan to value, Product fee
“First Home Ownership Loan 5.5% pa Variable K600”
- bsp.com.pg/personal-banking/loans/home-loans checked September 26, 2026
Backs: Purpose
“First Home Ownership Loan, Housing Loan ... or refinance an existing mortgage with a local financial institution, Personal Property Investment Loan ... purchase a residential property for investment...”
- bsp.com.pg/personal-banking/loans/personal-loan checked September 26, 2026
Backs: Loan amount, APR, Lender type, Loan types, Arrangement fee, Term, Use cases
“Borrow between K1,000 and K110,000.”
- bsp.com.pg/personal-banking/savings-accounts-and-term-dep... checked September 26, 2026
Backs: Audience, Support channels
“Help your child build strong savings habits with a fee-free account that grows with them.”
- bsp.com.pg/personal-banking/savings-accounts-and-term-dep... checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Pricing model, Rate type
“Get 24/7 banking with mobile and online access”
- bsp.com.pg/terms-conditions checked September 26, 2026
Backs: Eligibility
“The products and services described in this site are only available to approved applicants who are Papua New Guinea residents”
- bsplife.com.pg checked September 26, 2026
Backs: Provider type
“We are the only insurer in PNG offering an Anticipated Endowment Product!”
- bsplife.com.pg/make-a-claim checked September 26, 2026
Backs: Claims channels
“Here are a number of ways you can submit a claim. Contact your Life Insurance Agent or Broker Account Manager; Visit a BSP Branch to lodge a Consumer Credit Insurance claim; Visit a BSP Life PNG...”
- bsplife.com.pg/wantok-delite checked September 26, 2026
Backs: Cover limit
“Free interim accident cover will apply while your application is being considered, the benefit will pay K50,000 or amount equal to your sum insured whichever is lesser.”
And 1 more source page.
Compiled from 16 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.
Related by the facts
BSP EasyCard
Fee-free everyday banking in Papua New Guinea, with a savings account paying a variable rate of 3.5%.