There's no single bank account that's best for everyone as all our needs are different - and what's best for you might not be best for someone else.
*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
Most bank accounts are fairly similar. Here are 5 great bank accounts that offer something a bit different:
Consider the following features when researching your options to help you find the best bank account for you.
It's ideal to look for a bank 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.
If there are monthly deposit conditions to meet, make sure it's an amount that you're comfortable with.
If you like to bank in branch, the best bank account for you will likely be one that has branch access as some online banks don't. Or, if you do all your banking on your phone, check that the bank account can be accessed via a good mobile banking app.
If you like to travel regularly, the best bank account for you could be one that doesn't charge overseas ATM fees and international transaction fees.
If you're planning to open a linked 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, for example BPAY, Apple Pay, Google Pay, Samsung Pay, PayID, tap and go with Visa payWave or Mastercard PayPass.
If you use cash and cheques, a bank account with a large ATM network and smart ATMs that accept cash and cheques might be best for you.
The best bank account will usually have some or all of the following features:
Ultimately, the right bank account for you will depend on your personal situation and how you plan to use the account. If you need more help deciding on the best bank account for you, consider the following:
Explore how the typical Australian uses their debit card in our detailed guide to debit card statistics.
Does your bank offer real-time payments using Osko and PayID? Find out below.
This handy step-by-step guide explains how to transfer money from one Australian bank account to another as quickly as possible.
Want to open a trust account to provide for your child or grandchild’s financial future? Here’s what you need to know.
What happens to a bank account after someone in Australia dies depends on what their will states. If the person didn't have a will, the money will often go to the next of kin. Here's how it works.
Debit card declined? Here are 9 of the most common reasons for your debit card declining and how to fix it.
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.
Want to withdraw cash without your card? Learn what cardless cash options are offered with NAB, ANZ, Westpac and CBA.
The best bank account will help you manage your everyday spending with low fees and easy access to your money. Check out our Top Picks curated by experts.
When used wisely, a debit card provides you with great flexibility when it comes to handling your everyday financial needs.