You can link up to 9 smaller sub-accounts to your main Everyday Options account to help you manage different expenses. For example, you could have one sub-account for bills, one for emergencies and one for your fun 'splurge' purchases. Plus, there are no account keeping fees to pay on any of the accounts.
No account keeping fees
Link up to 9 sub-accounts
Use the sub-accounts to help you save for individual goals
Make contactless purchases with Google Pay and Apple Pay
Up took the top spot in Finder's 2024 bank account customer satisfaction awards. Up got the highest overall score of 4.63 out of 5. Customers particularly liked the features and benefits offered with Up's bank accounts designed to help you budget better and easily track your spending.
Spending insights
Bill detection and reminders
Available on Apple Pay, Google Pay, Samsung Pay, Garmin Pay
ING was the most trusted bank account provider in Finder's 2024 customer satisfaction awards, with a score of 4.87 out of 5 for trustworthiness. 100% of customers Finder surveyed said they trusted ING. ING offers rebates on international transaction fees when you meet the account criteria, plus cashback on utility bills (T&C's apply).
$0 account keeping fees
Earn 1% cashback on utility bills (T&Cs apply)
5 rebated Australian ATM withdrawal fees per month and no international transaction fees when account conditions are met
Link to a Savings Maximiser and earn a competitive bonus interest rate
Deposit money via Bank@Post for free
ING doesn't have any branches
International ING ATM fees and transaction fees do apply if account conditions are not met
In Australia, ATM rebates are capped at the first 5 transactions a month
This account won 'Best travel bank account' in the 2024 Finder Awards. It has no account keeping fees, no international transaction fees and access to free ATMs around the world and you can hold up to 10 different currencies in the one account. Plus, earn 2% cashback on tap and pay purchas in Australia.
Earn 2% cashback on tap and pay purchases under $100, up to $50 in cashback per month (subject to terms and conditions)
$0 monthly account fees and international account fees
Buy, hold and spend in up to 10 currencies with the HSBC app
Apple Pay and Google Pay available
You can only pre-load up to 10 currencies
Fees apply to deposit foreign currency notes into the account
The Macquarie Transaction Account is one of the best bank accounts in the market if you're wanting to also earn interest on your balance. Your bank account balance will earn 2.75% p.a. interest with no conditions to meet, helping you save more money. It also has no account keeping fees, no international ATM fees and pays a refund on any local ATM fees charged.
Earn interest on your balance
No ATM fees
No international purchase fees
No monthly account keeping fees
Convenient on-the-go banking with the mobile banking app
No branch access
Rewards program
N/A
Annual Fee
$0
Purchase Rate
Welcome offer
Interest-free period
Up to days on purchases
Balance transfer
N/A
Bonus points
N/A
Rewards points per $ spent
N/A
Foreign currency conversion fee
Want to dive deeper? Compare over 200 bank accounts and find the right one for you
Methodology: How does Finder choose the best bank accounts?
At Finder, we've been comparing bank accounts for more than a decade. We've assessed accounts in our panel based on a few key features that we know you care most about to bring you our picks. While we haven't looked at all accounts in the market, we're confident our picks are strong offers.
We've selected accounts from our partners that suit a range of different criteria, for example travelling or budgeting. Several of our top picks are determined as part of our annual Finder Awards, which involves extensive comparison of all products in our databse against a range of criteria for each category.
How to pick the best bank account
If our top bank account picks aren't right for you, here's what features to consider when you compare bank accounts.
Account fees
Look for a transaction account with no monthly account-keeping fees. If there are account fees, ask yourself if there are any extra features with the account to justify the fee as most accounts don't charge one.
Deposit conditions
Most bank accounts don't have a monthly deposit requirement. If there are monthly deposit conditions to meet, make sure it's an amount that you're comfortable with.
Account access options
Most of us want to bank online these days, with 98.9% of banking interactions taking place digitally according to the ABA. However if you still like to bank in branch, the best bank account for you will likely be one that has branch access (as many online banks don't).
Overseas fees and charges
If you like to travel regularly, the best transaction account for you could be one that doesn't charge overseas ATM fees or international transaction fees.
Linked savings account
If you're planning to open a savings account with the same bank, it's a good idea to look for one with a competitive interest rate.
Payment options
Make sure the bank account offers the payment options that you want. These might include BPAY, Apple Pay, Google Pay, Samsung Pay, PayID, tap and go with Visa payWave or Mastercard PayPass.
ATM access
If you use cash and cheques, a transaction account with a large ATM network and smart ATMs that accept cash and cheques might be best for you.
Joint account options
The best bank account for couples or friends who both want access to the account is a joint bank account.
🔥 Quick tip when choosing a bank account
"You don't need to have one bank account for everything. Finder data shows that 30% of Australians have bank accounts with multiple different banks, and the main reason why is for convenience. For example, you might find it's best for you to open one bank account for your day-to-day spending and bills, and a separate bank account to use when you travel."
Market update by Alison Banney – Finder money editor
Top 5 bank accounts for customer satisfaction in 2024
The Finder Customer Satisfaction Awards ask Australians which brands and products they trust and love the most. For the bank account satisfaction awards, we surveyed hundreds of Australians to rate their bank accounts.
Bank
Overall satisfaction
Trustworthy/reliable
★★★★★ 4.63/5
97%
★★★★★ 4.48/5
100%
★★★★★ 4.39/5
91%
★★★★★ 4.31/5
97%
★★★★★ 4.23/5
91%
Frequently asked questions
Bank accounts are all designed for day-to-day spending and transactions. To find the best bank account to suit your needs look at the account's fees and features, and make sure it lets you access your money in the most convenient way for you.
Banks accounts typically don't pay any interest, as the account is designed for spending not saving. If you want to earn interest on your money you'll need to open a savings account instead.
Yes, bank accounts are one of the safest places for your cash. Your deposit up to $250,000 with an Australian bank is guaranteed under the government bank guarantee scheme.
The Big Four banks - Westpac, NAB, CommBank and ANZ - are the biggest in Australia but this doesn't mean they're the best for you. See how bank accounts by the Big Four compare to others in the market.
A lot of bank accounts can be opened as joint accounts with another person. When picking one, consider what you'll be using the account for and what features you need. For example, would spend tracking tools in the mobile app be handy for you? Or perhaps you're more interested in avoiding fees when travelling?
If you travel a lot, a bank account with no international transaction fees would be ideal. These fees can be as high as 3.5% of the total transaction value per transaction, each time you make a purchase with your debit card in another currency. Avoiding these fees can save you lots of money.
You can open a kids savings account that pays interest on your child's balance, or a kids bank account that comes with a debit card or pre-paid card.
A student bank account will usually have no fees and sometimes also offer extra perks and features.
The best bank for you depends on your specific needs. Do you want an account where you can have multiple sub-accounts to save for different goals? Do you want a transactional account from which you can spend every day? Are you looking for a joint account to manage joint spending with your partner? Or are you hoping to get an account with no overseas fees, as you shop online or travel regularly? Knowing what your goals are will help you get the best account for you.
ING, UBank and Up Bank offer no-fee transaction accounts, along with the Big 4 banks (CBA, NAB, ANZ and Westpac) and most smaller banks. Some also waive international transaction fees.
All the Big 4 banks (CBA, NAB, ANZ and Westpac) along with ING, Up, and UBank offer fee-free everyday accounts. With so much choice available, there's no reason to pay fees for an everyday personal transaction account.
The "Big 4" are Commonwealth Bank, Westpac, ANZ, and NAB. They dominate the Australian banking landscape in terms of customer base and accessibility.
We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But Finder may receive compensation when you click links on our site. Learn more about how we make money from our partners.
Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio
Alison's expertise
Alison has written 625 Finder guides across topics including:
You can meet the 100 points of ID requirement when opening a bank account by showing your passport, birth certificate or driver's license. If you don't have these, there are a few other things you can use as ID.
A travel debit card is just a regular Australian debit card with less international fees an charges, making it a great option to use overseas. See a range of debit cards suited for travel in this guide.
Now is the best time to start looking at the new bank account offers and promotions available. There is fierce competition between banks for your business so you should take advantage of this opportunity and get yourself a deal.
International transaction fees can add up to a lot of wasted money. These debit cards are great for travelling and online shopping and will save you money by waiving this annoying fee.
Looking for an internet style of banking where i can use my older laptop..Any banking places i can do that with..
Finder
RajApril 6, 2023Finder
Hi Ian,
Thanks for contacting Finder.
Most banks on our comparison table have Internet banking and banking apps. You can click on the “more info” button from the table to find more information regarding the features of any particular bank you are interested in.
Thanks
Raj
BobMarch 2, 2023
We own our house, with no mortgage, my wife is retired and i work full time. As i am planning for retirement “Two Years” what is the best everyday bank for us. We are currently with ANZ
Finder
AlisonMarch 2, 2023Finder
Hi Bob,
Thanks for reaching out to Finder. We’re a financial comparison site and are unable to give you any personal advice or product recommendations. You can use the table on this page to browse a range of bank account options and find one that might suit you best.
Thanks,
Alison
mosesFebruary 10, 2023
request for financial assistant for poverty
Finder
SarahFebruary 20, 2023Finder
Hi Moses,
If you need some help, reach out to the National Debt Helpline. They produce many helpful guides are based on the experience of financial counsellors who provide free information & advice. Contact them at: https://ndh.org.au/
BrianNovember 21, 2022
where do I get a bank account that has cheques available.
I’m looking to open a bank account with a different bank that my home loan is with (st george). One that I will hopefully rarely withdraw from but may only put up to $500 a month. Would like no account keeping fees, won’t need an access card. What option is best?
Finder
AlisonFebruary 22, 2023Finder
Hi Jake,
Thanks for reaching out to Finder. We’re a financial comparison site and while we can help you compare your options, we can’t give you any personal advice or suggest products for you.
Based on what you’re looking for (an account to make deposits but limited withdrawals, and no debit card required) you may even be interested in a savings account instead of a bank account. You can take a look at some options here: https://www.finder.com.au/savings-accounts
Thanks,
Alison
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Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Looking for an internet style of banking where i can use my older laptop..Any banking places i can do that with..
Hi Ian,
Thanks for contacting Finder.
Most banks on our comparison table have Internet banking and banking apps. You can click on the “more info” button from the table to find more information regarding the features of any particular bank you are interested in.
Thanks
Raj
We own our house, with no mortgage, my wife is retired and i work full time. As i am planning for retirement “Two Years” what is the best everyday bank for us. We are currently with ANZ
Hi Bob,
Thanks for reaching out to Finder. We’re a financial comparison site and are unable to give you any personal advice or product recommendations. You can use the table on this page to browse a range of bank account options and find one that might suit you best.
Thanks,
Alison
request for financial assistant for poverty
Hi Moses,
If you need some help, reach out to the National Debt Helpline. They produce many helpful guides are based on the experience of financial counsellors who provide free information & advice. Contact them at: https://ndh.org.au/
where do I get a bank account that has cheques available.
Hi Brian,
You can check out our guide here for options: Bank accounts with cheque books
Thank,
Alison
I’m looking to open a bank account with a different bank that my home loan is with (st george). One that I will hopefully rarely withdraw from but may only put up to $500 a month. Would like no account keeping fees, won’t need an access card. What option is best?
Hi Jake,
Thanks for reaching out to Finder. We’re a financial comparison site and while we can help you compare your options, we can’t give you any personal advice or suggest products for you.
Based on what you’re looking for (an account to make deposits but limited withdrawals, and no debit card required) you may even be interested in a savings account instead of a bank account. You can take a look at some options here: https://www.finder.com.au/savings-accounts
Thanks,
Alison