If our top bank account picks aren't right for you, here's what features to consider when you compare bank accounts.
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.
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.
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).
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.
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.
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.
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.
The best bank account for couples or friends who both want access to the account is a joint bank account.
For 2024, Finder money experts picked the best banking products across savings and transactions accounts. Here are our winners for the best bank accounts and savings accounts in Australia:
| Bank | Bank account awarded | |
|---|---|---|
 | Macquarie Transaction Account: Best transaction account |  |
 | HSBC Everyday Global Account: Best bank account for travel |  |
 | Great Southern Bank Home Saver Account: Best savings account |  |
 | Australian Mutual Bank Young Saver Account: Best Kids Savings Account |  |
| Great Southern Bank Goal Saver Account: Best Young Adult Savings Account |  |
You can learn more about these accounts and how they were assessed as part of our 2024 Finder Banking Awards.
At Finder, we've been comparing bank accounts for more than a decade. Using the product data we've collected, ongoing consumer testing, customer surveys and many account comparisons, 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.
Specifically, here's how we determine each of our top pick recommendations:
"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."
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% |
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.
Explore how the typical Australian uses their debit card in our detailed guide to debit card statistics.
If your bank account has been locked, here’s what you need to do to access your funds.
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.
Debit card declined? Here are 9 of the most common reasons for your debit card declining and how to fix it.
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.
Want to withdraw cash without your card? Learn what cardless cash options are offered with NAB, ANZ, Westpac and CBA.
When used wisely, a debit card provides you with great flexibility when it comes to handling your everyday financial needs.
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