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.
We currently don't have that product, but here are others to consider:
How we picked theseWe assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
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.
Compare Virgin Money's savings and transaction accounts.
Virgin Money Go bank account: Pay no monthly account fees, earn points as you spend and earn bonus interest on a linked Virgin Money savings account.
Australian Mutual Bank offer different types of savings accounts depending on your age, your goal and your financial position.
Use your SMSF pension money wisely through an account that gives you unlimited free transactions to spend it along with interest to help keep it growing.
Gateway Bank Ltd provides its members with different types of accounts, which you can choose from as per your needs.
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.
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.
ME Bank is an online bank that offers a high interest savings account and fee-free everyday bank account. See ME's accounts and latest rates here.