We currently don't have that product, but here are others to consider:
How we picked theseThe Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
We currently don't have that product, but here are others to consider:
How we picked theseWe currently don't have that product, but here are others to consider:
How we picked theseWe currently don't have that product, but here are others to consider:
How we picked theseThe Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
Here's a quick overview of the different account ME Bank has:
The Me Bank term deposit has a minimum deposit of $5,000 and a range of term lengths between 1 month and 5 years.
Read our full review of the ME Bank term deposit.
Based on ME Bank bank account scores in Finder's 2024 Customer Satisfaction Awards.
ME Bank is an online-only bank with no bank branches and no ATMs in Australia, but it does offer a few different ways to do your banking.
If you need to deposit cash into your ME Bank account you can do this at a participating Australia Post shop using Bank@Post. It's free to deposit cash into your account this way.
You can use ME Bank's Internet banking platform or mobile app 24/7 to do all your day-to-day banking. You can track account balances, pay bills and other direct debits, make BPAY payments, transfer funds between accounts, activate new cards or place existing ones on hold and to schedule payments. You can use the Internet Banking platform to increase your daily transfer limit to a maximum of $20,000 if needed for one-off large purchases.
The ME Bank app allows you to do most of the same things as the Internet Banking platform, but with the added convenience of being able to access the app anywhere you are. ME Bank mobile app has a 2.3-star rating on the App Store and a 1.5-star rating on Google Play, which is lower than other major banking apps.
ME Bank offers Apple Pay, Google Pay, Samsung Pay and Garmin Pay to customers with a ME Bank debit card. This means you can use your phone (or any compatible device) to make contactless payments for everyday items, instead of using your physical debit card.
You can apply for a new ME Bank account online in less than 10 minutes. Just make sure you meet the eligibility criteria and have the necessary documents handy before you start your application.
If you haven't found what you're looking for yet, you can compare a wide range of additional savings accounts and bank accounts from other providers with Finder.
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
Explore how the typical Australian uses their debit card in our detailed guide to debit card statistics.
It's common to have a few different bank accounts that each have a different purpose. Here's how you may benefit from having multiple bank accounts and the traps to avoid.
PayID allows you to transfer money in real-time without entering your recipients BSB and account number. Read this guide to learn about the benefits of PayID and how to set it up.
What are virtual debit cards, how do they work and what benefits do they offer? Find out here.
Some banks allow you to send money using someone's phone number instead of a BSB and Account Number. If your bank doesn't have this feature you can usually use PayID instead - here's how.
Learn what to do if, in the unlikely event of a cybercrime attack, your bank account is hacked.
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.
With a rewards debit card in your wallet, you can earn points or get cash back while using your own money.
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.
Hi, I am interested in depositing funds for my super fund account. The website advised that as member of certain industry super funds collect a bonus interest.
However, when I rang ME, your representative says it is not available. Kindly confirm.
In addition, can I bank a cheque for ME account?
Hi Pauline,
Thanks for your question. I have sent you an email in response.
Regards,
Clarizza
is $250,000 the maximum allowed for a term deposit
If I deposit $500,000 in joint names will the Government guarantee the full $500,000 ?
Hi Brian,
Thanks for your question.
With ME, the maximum savings/deposit amount that is secured by the Australian Government Guarantee Scheme is up to $250,000 only. This also applies to per individual/joint account. So, for your $500,000 deposit, you’re secured up to $250,000 only.
Cheers,
May
Hi John,
Thanks for your question.
You can open a term deposit for as little as $1,000 or as much as $1,000,000.
Deposits are covered by the Government Guarantee of up to $250,000 per person, per institution.
hi i want to open a term dep can l just do that or do l have to have a saving account
cheers Lillie
Hi Lillie,
Thanks for your question.
You don’t need to have a savings account. You can open the term deposit on it’s own.
Hope this helps.
If I make a deposit in A$ will I be charged a fee for depositing money in to my ME DEbit Account.
Can I use this card when travelling in Aust, and will I be charged a withdrawal fee when taking money out of an ATM/
Can this card by used Overseas and is there a charge made by ME for overseas withdrawals from ATM’s please
Hi Grant,
Thanks for your questions. Please note that the following responses are for the ME Everyday Transaction account.
No, you don’t be charged a fee for depositing money into your ME Debit account.
You can use this while traveling in Australia, though you need to be an Australian resident to be eligible for this account. You will receive a refund on fees incurred at all other ATMs in Australia within 30 days of the transaction.
This card can be used overseas, wherever MasterCard is accepted. International ATM withdrawals incur a $4 fee and a currency conversion fee of 2.50% of AUD value.
If you intend to travel outside of Australia you may want to consider a travel debit card instead.
Please ensure to read through the relevant product disclosure statement and terms and conditions of the card to ensure that you got everything covered on your banking transactions.
Hope this helps.
Cheers,
Shirley