IMB Everyday Account
- Account keeping fee
- $0
- ATM withdrawal fee
- $0.7
- Overseas ATM withdrawal fee
- $5
- Overseas transaction fee of transaction value
- 2.5%
Summary
This account offers a range of different ways to pay, however transaction fees do apply.
This is an everyday transaction account designed for your day-to-day spending and banking. It offers several different ways to pay including internet, phone and mobile banking as well as BPAY, Google Pay, Samsung Pay and instant payments via Osko.
While there's no account keeping fee, this account does charge more transaction fees than most standard transaction accounts including EFTPOS transaction fees and ATM withdrawal fees, even with IMB ATMs.
Pros
-
$0 account keeping fee per month
Cons
-
IMB ATM withdrawal fee applies
-
Overseas ATM fees and international transaction fees apply
-
EFTPOS transaction fees apply
-
Monthly fee applies to have a Visa Debit card
Details
Key details
| Product Name | IMB Everyday Account |
| Monthly account fee | $0 |
| Card access | Visa |
| Own network ATM fee | $0.70 |
| International ATM Fee | International ATM fee $5 |
| International transaction fee | 2.5% |
| Monthly deposit required to waive account fee | N/A |
| Contactless Payments | Apple Pay, Google Pay, Samsung Pay, Garmin Pay |
Eligibility
| Minimum Age | 18 |
| Joint account availability | Yes |
| Minimum opening deposit | $1 |
| Residency status | Permanent Australian residents with an Australian address |
Key features
No monthly account keeping fees
This account is free from any monthly account fees.
Transaction fees
Transaction fees do apply with this account. The most common fees you'll likely face are EFTPOS transaction fees and ATM withdrawal fees when using IMB ATMs.
You are given a transaction fee allowance based on the length of time you have been a member and the average monthly balance in your transaction account. However, based on the amount of transactions you make each month, you're still likely to incur fees even with the allowance deducted.
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Alison Finder
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